I entered the crypto market in 2017 during the ICO craze, a period when token sales were touted as the next big thing. While it seems naive in hindsight, the hype was palpable, and many of us were swept up in the excitement. Unfortunately, the subsequent crypto winter wiped out my ICO investments, leaving me with only experience and a newfound conviction: BTC, the original crypto, was the true asset to hold and it could reach 100K USD.
In 2019, with Bitcoin recovering from the 3K USD low, I started accumulating around the 10K USD mark. The 2021 bull run, dubbed the "super cycle," fueled hopes of a 100K USD Bitcoin. However, the market's eventual downturn dashed those expectations. I was unable to sell at the peak, exiting the market in early 2022 around the 40K USD level, still securing substantial gains compared to traditional investments.
After initiating a DCA strategy in 2023 with a 100K USD target for BTC, I've successfully realized that goal. To capitalize on this bullish momentum and secure profits, I'm transitioning to a Reverse DCA strategy. This involves gradually selling portions of my BTC holdings at strategic price points to maximize returns and mitigate potential downside risk.
Given my average DCA price of 50K USD, I've already secured a 100% return on investment. As a first step, I sold 20% of my BTC and converted it to USDT. The remaining 80% will be held for future sales, targeting price levels such as 150K USD and 200K USD. I'll also monitor technical indicators like the Kumo cloud and uptrend line to identify potential market reversals and adjust my selling strategy accordingly.
While some long-term holders and diamond hands may scoff at my decision to realize profits on BTC, I have a clear and strategic approach. By implementing a disciplined Reverse DCA strategy, I prioritize capital preservation, psychological well-being, and tangible financial gains for my family. A 20% profit allows me to extend my investment horizon, compound returns, and capitalize on future market opportunities. Given my risk tolerance and financial goals, I prefer a cyclical investment approach rather than a long-term, "hold-to-die" strategy.
I would like to know your opinion on this:
- Have you taken any profits from crypto this season?
- What is your profit-taking plan for this season?
- What price do you think BTC can reach its ATH this season?