Those moonshots are messing with our psychology, aren’t they! I think it’s hard to re-assess the opportunities as the amounts grow so DCA is definitely a good way to better risk manage buying and selling.

Thanks for the thoughtful input, Thomas!

Currently sitting on something that at its peak was 40x from my entry and now has declined to 10x. Still holding 25% of the original investment on the way down. Tough call to either sell and find greener pastures elsewhere and still bank a profit. Or hold on and hope it’s like Amazon and Tesla and bounces back eventually and resumes the run.

Not an easy decision! Although it’s tempting to sell and fly to safety I would stick to my asset allocation. So if valuations are high and your assets have increased by a lot then maybe it’s time to rebalance.

That would mean selling the risky assets for riskless assets and when the tide turns do the opposite.

Predicting a crash can be sometimes successful but if you are too early then you might be worse off. And it’s usually in the final legs of a bull market that the biggest gains occur.

I found the ‘reasons to sell’ image by Batnick fascinating during one of the best decades in stock market history :)

With BTC and crypto, the answer is.. who knows! You’re definitely not early, but I don’t think you are late.

You’ll need a strong stomach to hold crypto through the winters though and be prepared to see your pot decline by 50-80% at times. There is no way to value it! BTC makes the same sense at $10k as at $100k. Not to mention the regulatory risks.

All these don’t make it necessarily a bad bet, just a very risky one! Starting small might show you how it feels like first-hand. As always, not financial advice and do your own research :)

Read these articles on where it could go. You won’t be too late. https://planbtc.com/