I started my crypto adventure back in 2017, and honestly, it was more about losses than wins for a while. Luckily, my freelance translation gigs helped keep me afloat. After going through the tough times of the 2017 and 2021 bear markets, I learned how crucial it is to stick to a solid plan. That’s why I set up a regular weekly DCA for BTC throughout 2022, 2023, and into 2024.
I kept stacking BTC until it hit 100K USD, which lined up with Trump's election win. Once that happened, I switched gears to an RDCA strategy, where I sell off bits of my BTC at certain price points to grab profits while trying to limit risk. I’ve shared this strategy on some forums because I think it’s good to get input and discuss it with others.
I recently read an article on Cointelegraph that hinted we might be nearing the end of BTC DCA and suggested that DCAing altcoins might bring better returns during the anticipated 2025 altseason. I kinda agree that the best days for BTC DCA might've been around that 100K mark, but I’m sticking to my plan for now. After the latest halving, I did start DCAing into altcoins with half of my capital. But I focused mostly on the native coins and kind of ignored the memecoins, which might be why my returns weren’t as good compared to my BTC DCA.
As for now, I’m not DCAing into any crypto assets. I’ve got some capital left, including stablecoins and profits from my BTC DCA, which I’m keeping on standby. I’m planning to use that reserve to take advantage of any potential dips of 20-30% that might pop up.
Should I stop DCAing BTC and switch to DCAing altcoins?
19 replies 328 views
Are MSTR dumb in buying Bitcoin above $100K?
Waiting for such dips makes a nocoiner and brings about FOMO.
That's why DCA is adviced.
Yes won't deny the fact that altcoins would yield more profit but don't forget would also yield more losses
Personally find them too risky so try avoiding them like plagues.
Now to your Question
1. Yes, I still DCA Bitcoin even till now.
2. I prefer safety to risky gains, so you can tell what I'm biased towards
3. I don't do trades, Don't like it. I HODL.
Do your own research and don't rely on the opinion on people that are blinded by short term gains.
Very funny to hear that people DCA on altcoins because they think that they are investing. It's only bitcoin that is worth to invest and DCA on. It's bitcoin bull season and not altcoin, so don't think that altcoins will also be bullish next year because only few altcoins would be influenced by bitcoin price movement. Trading is very risky, and most influencers are not experienced traders. Invest in bitcoin with DCA and hodli for long term is the best.
matrix2014Senior Member
Posts: 129 · Reputation: 822
#4Jan 18, 2023, 10:00 PM
No one can know and no one ever now.
If someone DCA-ing Bitcoin since the last year, they've earn around 1.5x from their capital.
If someone DCA-ing Bitget token since the last year, they've earn around 7x from their capital.
If someone DCA-ing Avalanche since the last year, they're in loss.
1. Yeah I buy Bitcoin using DCA strategy.
2. Some altcoins earn more than Bitcoin and Bitcoin surpass many altcoins.
3. No, I don't rely or trust a scammer.
Bitcoins recent surge to $100K is impressive, but many people believe it can go higher. There are also people who said that Alt season is coming, thus lead to switching from BTC DCA to altcoin DCA for higher potential returns. But for me Altcoins come with higher risks, and their performance can vary widely. I would still do BTC DCA since its stability and long term growth. I listened to experienced traders online too, but we should always do our own research and analyze his financial goals. At the start of the year market is always volatile, so we whatever we do we should always be cautious.
block_2021Full Member
Posts: 109 · Reputation: 444
#6Jan 19, 2023, 04:41 AM
The narrative wants us to switch out of Bitcoin, and that leads me to believe that now is a good time to buy Bitcoin. With many countries considering additing Bitcoin to their reserves, the future has never been rosier in my opinion. I still want to buy more bitcoin before the next hockey stick appears in the price graph.
nonce_sigmaFull Member
Posts: 117 · Reputation: 612
#7Jan 19, 2023, 08:55 AM
Your time for cheap DCA to make big money in this cycle is probably over. You can still make good profits but the crypto market as an entirety will peak next year so you should have been buying in 2022 & 2023 maybe. If you plan for quick profits then there were better times to buy this cycle. Might be better to wait for the next bear market to start buying.
chris.deg3nFull Member
Posts: 95 · Reputation: 477
#8Jan 19, 2023, 12:03 PM
Only applying it on Bitcoin, but for other crypto? No since its so risky to try and don't have much confidence to hold any altcoins since I will just stick to hold then do DCA with Bitcoin only.
No, for me this is risky decision to be made. There are so many shitcoins in altcoin market that's why its so hard to take a risk then decide to do DCA with alts since there are so many unreliable altcoins out there and to bad that instead we are gaining we are losing at the end especially if we spot a wrong alts.
I give value on their opinion, but I don't believe easily on what they say unless I verify it thru research that's why potential traders should do their own diligence before taking decision. People should think that research is really important so that they will not do any crazy things dealing with their investments.
Only if those investors aware of the risk and already does research on specific altcoin they plan to perform DCA. I think average cryptocurrency user/investor better stick with DCA Bitcoin.
Not really, since it's hard to know which trader actually is experienced or skilled.
Some investor want to do that. But when will such bear market happen? Will it happen after another bull market or not?
If you believe that an altcoin season is coming, you can DCA in infrastructure altcoins because they're built on something valuable. It's controversial to say altcoins are valuable with Bitcoin maximalists but infrastructure altcoins are certainly have more utilities and more values than meme coins.
Altcoin season is coming or not, you can assess it with available indicator.
https://www.blockchaincenter.net/en/altcoin-season-index/
I agree that by excluding meme coins, you are controlling risk very well. Altcoins are risky but meme coins are most dangerous among altcoins.
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#11Jan 20, 2023, 12:02 AM
Yes, I applied the DCA strategy till now which I use monthly to buy Bitcoin. So far that is works well for me as I can accumulate a nice amount of Bitcoin.
No, investors Bitcoin should not stop their DCA in this moment because they still have more time to accumulate more Bitcoin. Bitcoin now gets more correction that makes the price is down so they can get more Bitcoin amount in a low price.
I only read about their opinions from experienced traders but I don't just adjust my crypto investment strategy but find my own strategy. Every people strategy will not have the same strategy so they must find their own strategy that will works for them.
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#12Jan 20, 2023, 12:33 PM
What the heck, you mean you want to leave Bitcoin and start DCA in altcoins, do you reason the risk that comes from altcoins, what makes you feel that altcoins are investments for the long term and should fit into the class of the like of Bitcoin which has a long-term perspective which guarantee DCA success, Don't get thing's wrong mate and stick to only Bitcoin avoid altcoins and whatever possibilities you think you can achieve from them.
1. Of course, it is a general strategy that can be easily implemented to build an investment portfolio. But unfortunately I never implemented this strategy again due to some financial problems.
2. I don't think so, Bitcoin (BTC) is the main foundation in the crypto market, if the price of Bitcoin (BTC) drops, then the price of most altcoins will also drop. Instead of choosing one, it might be better to divide the allocation into 2, for Bitcoin (BTC) & altcoins.
3. Of course, I refer a lot to the theories they mention for my investment purposes.
To do DCA, you need to have good source of income, finance to both feed your life, spendings and investment. The warning is if you can not have reserved finance for life, spendings and emergency, you are taking too risk by using all money for investment, even for DCA.
I agree that if you don't have spare money, you will have more difficulty to apply DCA. If you can not DCA regulary on a fixed intensity, you can do it more arbitrarily like if you have spare money, make your purchase, it is still DCA but will be less efficient than regularly DCA purchases.
Bitcoin has a bull run, altcoins will follow it, and Bitcoin has a correction, altcoins have bigger corrections, then if Bitcoin has a bear market, altcoins have bear market too but with bigger loss like 99% while Bitcoin only has 80% loss from ATH.
1. You have been in the market since 2017 and started executing a weekly DCA strategy from 2022 to 2024. That means you have made a significant profit on your investment, continuing DCA will only benefit you and not harm you, so I think there is no reason for you to stop.
2. This depends on each person's investment strategy and preferences. Bitcoin maximalists will object to this idea but neutral investors will argue that this is not a bad idea.
As bitcoin price crossed $100k, I saw many investors selling part of their bitcoins to invest in altcoins. I don't see that as too bad as long as you invest in top altcoins and the price hasn't increased too much yet.
3. When you are inexperienced, learning is necessary but when you are mature enough, you should research and make your own decisions. Everyone has different investment views and tastes. Asking other people for their opinions will only confuse you because you will get too many conflicting opinions.
HyperRavenFull Member
Posts: 175 · Reputation: 633
#16Jan 23, 2023, 03:08 AM
This place is an echo chamber that consists of majority Bitcoin maximalist who will do everything to tell you altcoins = Bad. You should evaluate and see which altcoins has potential to be utilized in the real world, either because of their idea, what they champion, or how active their development is. These are the key metrics that will define if an altcoin would have any future if at all.
People tend to ignore altcoins because majority of it is tainted by those that are obviously pump and dumps and blame others when it gets rugpulled. You should DYOR and realize that it is not always the case. Bitcoin's bullrun is the most obvious because politics and sentiments tends to revolve around it. You should DYOR and I'm currently looking to DCA in both BTC and several other cryptos that are potentially valuable in the future. Take everything that people say on the internet with a grain of salt; they're always going to say the most controversial shit to draw some clicks.
I don't think DCA strategy is a good strategy for altcoins because it is a long term strategy and most (if not all) altcoins perform poorly in the long term so even though the return in Bitcoin is decreasing it is still a profitable strategy and profits can be maximized with each price cycle.
I do not have to depend on online traders because it is as simple as buying bitcoin during bear market and sell almost all but not all before bear market become very significant. I think anyone in crypto market that study the market should know this than to believe on online people.
Why should someone leave a good coin to invest on shitcoins? Know that these coins have their time and their best market will begin before bitcoin bear market. Some altcoins got to all-time high and will not get their anymore just like other old coins.
Why would you want to DCA altcoins? You aren't supposed to hold them for the long term as their more volatile compared to Bitcoin. You should avoid holding those meme tokens floating out their as they would lead you your loss. If you buy them at the right time, sell off one the market pumps don't hold them. Bitcoin is the only reliable cryptocurrency that you should think of holding and as far as I'm concerned, the current dip in the market, is the right time for anyone to buy Bitcoins and hold for the next market bull.. don't be fooled by the little retracement as its not going to stay for long..
Yes it is how I started my journey in crypto and I have not stopped ever since.
Well we have our own strategies, plans and goals for next year so I have no opinions about what others should do however for me personally I see no reason to stop doing dca in bitcoin and shift towards other altcoins. I am not a bigger fan of altcoins than I am of bitcoin so I do not see myself shifting my focus from bitcoin towards altcoins even next year.
I only read and try to reflect on my own strategy but I never just change it just because someone else said it was wrong. I use it only as a reference point and not take it like it is the word from the bible.