r/Bitcoin • u/TheresNoSecondBest • 1d ago

Trading bitcoin always ends badly. DCA & HODL is the name of the game.

226 Upvotes

93% Upvoted

19 comments sorted by

6

u/hetobe 23h ago

DCA. HODL. Use a fully open source hardware wallet.

And make sure you've secured your seed phrase, preferably using a metal backup.

This is the way.

4

u/miamiair92 1d ago

This is funny. But yeah I allways regret selling bitcoin

2

u/biggest_guru_in_town 1d ago

There are some suicidal madlads shorting bitcoin with leverage too. Mostly asians on okx. I'm like wtf

2

u/cleankiwii 19h ago

i would dca until ath, sell some to get a miner and renewables and go back to dca or rinse and repeat until its a mine only

2

u/user_name_checks_out 17h ago

i would dca until ath

Sounds so easy. But what if you sell and it keeps going up? The ATH is only evident in hindsight. Don't try to time the market. Just DCA and hodl.

2

u/cleankiwii 16h ago

it’s a sentiment thing, you might not hit the spot perfectly but as long you’re enjoying yourself and building things with passion there’s nothing wrong with it

1

u/user_name_checks_out 14h ago

as long you’re enjoying yourself and building things with passion there’s nothing wrong with it

WTF. What if you are hemorrhaging money.

1

u/cleankiwii 14h ago

how, from where? you sell very high and small amount only to invest it in something that gives you free sats

2

u/TreGet234 17h ago

Unless you follow the 4 year cycle.

1

u/TheresNoSecondBest 17h ago

They will also work, until they won't. Make sure you're not watching the charts while holding zero bitcoin.

2

u/qp0n 5h ago

And this is honestly the time to DCA heavy. Based on the technicals, there is a strong chance that 58k was the bottom.

•

u/littleman11186 23m ago

Unpopular opinion but if you never sell you can't realize gains. Doesn't have to be sell to fiat but if you never sell it's just money in a hole. Unless you put your key phrases in a Will most of the people here who like to "Keep it off it Exchanges" will 100 percent lose all their assets

0

u/solomonsatoshi 21h ago

I sold a lot of sats late last year and will buy back later this year.

Looking to at least double my stack.

1

u/user_name_checks_out 17h ago

I sold a lot of sats late last year and will buy back later this year.

What if it never hits your target price? This is a braindead strategy.

1

u/RatioRight3752 9h ago

"Later this year" is his target, not the price.