Hi all,
I started investing in crypto February this year but due to the high price of Bitcoin did not start investing in it until mid June just after the crash.
Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.
My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.
I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.
Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?
Since the date you made this post until now, has there not been a bitcoin OP for sale? because if yes, then it is good that you are making a plan that you will only sell when 500k of each bitcoin arrives. Then the DAC is really an effective way for us to save Bitcoin.
It's just that right now, it seems like it will be difficult for me to do that because of my priorities, which must come first. Maybe if I only had a lot of extra money, it would be easy for me to do that, because right now it's easier to see if I can see savings in the future through potential altcoins, to be honest.