DCA OUT As TP Strategy .:. WorkerBee PH-Pool Week 199

achim03 15 days ago

I think not listening to the noise only works in the very best case scenario :-). It's difficult not to be affected at all by all the fomo and fud going around.

ph1102 15 days ago

That's why I wrote down my TPs in the spreadsheet... Was following my rules, but as you said, not always... Sometimes the noise is too strong... :)

0.04 VYB

videoaddiction 15 days ago

What you think about HIVE? We receive HIVE with our every author or curation rewards, they might 4x or more one day as BTC and some other coins ;)

ph1102 15 days ago

I wrote about my views on HIVE last week... I didn't sell any for a long time (except to get more on the way down 😃), but in general, I keep HIVE out of my "taking profits" for a few years more...

All in all, if all tokens go up, HIVE will go up too... That's what I said before, and that's what happened in the last month or two... As a matter of fact, HIVE did much better than many others...

But, I can't say anything about TP from HIVE as I don't have a strategy for that at all... I'm focused on accumulation... 🙂

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fiberfrau 15 days ago

!BBH

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ph1102 15 days ago

Thanks for the token and for taking part in the pool!

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fiberfrau 15 days ago

Thanks for making it easy to be a part of what you are building. !BEER

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beerlover 15 days ago

^{View or trade BEER.}

Hey @ph1102, here is a little bit of BEER from @fiberfrau for you. Enjoy it!

Do you want to win SOME BEER together with your friends and draw the BEERKING.

0.00 VYB

mypathtofire 15 days ago

Im glad you told us what TP meant! haha Great work to stay disciplined and TP with all the euphoria around us. We often get greedy wanting a little bit higher and think these high prices are the new normal and then its over and we missed it. Timing tops and bottoms is anyway nearly impossible except by luck.. I cant wait to take some more profits, hopefully I wont miss the bus, i havent DCAd out this cycle yet, but have been thinking about it instead of all in 1.

0.18 VYB

ph1102 15 days ago

Im glad you told us what TP meant!

When I didn't know what it means, I was thinking the same as Butthead! 😃 😂

I cant wait to take some more profits, hopefully I wont miss the bus, i havent DCAd out this cycle yet, but have been thinking about it instead of all in 1.

All in (or out) one was the way I was doing... But, as I said in the post, I missed the complete cycle... and 4 years without taking profits is painful... Especially if you want to live from crypto... 😃

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digi-me 15 days ago

Hehe I agree 😃 Great post, I also sold too little last cycle, but this time I will also dca out, suddenly it is over as you say. And great points @mypathtofire, yes bottoms and tops are impossible.😂 But spotting the reversal is easier.

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ph1102 15 days ago

When you spot the trend, it's easier to accumulate or earn more by small trades. But going IN or OUT is a bit more difficult, especially hitting the top or the bottom.

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digi-me 15 days ago

Yes 😃

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davideownzall 15 days ago

crypto is kind of gambling, you bet it will go up when buying basically, so either you are really expert or you are doing a bet

it's surely less stressfull than trading where you need to daily buy and sell for profit tough

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ph1102 15 days ago

It could be like betting, but when you do some research you can raise probabilities to your "bet"... With real gambling, you can research whatever you want, if you are unlucky, you lose... 😃

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hivebuzz 15 days ago

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dantrin 15 days ago

I remember buying Kucoin at a lower price sold it all for a few profits. Checking the price now is at $12 if I have an emotional attachments I will cry or hate myself for selling too early (no regrets). Lesson here is HODL get diamond hands do not capitulate. Believe in something choose wisely and diversify!

ph1102 15 days ago

Selling early sucks, but selling late, with a loss, sucks even more... :) So, no regret and no looking back! 😃

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jfang003 15 days ago

I think your plan is solid. Sell some and take some profits as the price goes up. We don't know where any of the tops are but at least the profits are locked in. It's could work out even better if it's a free trade where you recouped your initial investment at the start.

Thanks for running the pool and for the BEE/STARBIT tokens.

ph1102 15 days ago

It's could work out even better if it's a free trade where you recouped your initial investment at the start.

Oh, yes... That's perfect... when you take out your initial investment and ride the wave up... Slowly taking out profits... ;)

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bbhbot 15 days ago

@ph1102! @fiberfrau likes your content! so I just sent 1 BBH to your account on behalf of @fiberfrau. _(5/20)

(html comment removed: )

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josediccus 15 days ago

Exactly, one cannot DCA into a meme project. With a meme coin, you're always watching your back so you don't get rugpulled and all that.
But I like the calculations you did with 50$. Imagine earning x4 your investment in 6 years without needing to overthink it or learn a special skill

ph1102 14 days ago

It's amazing how simple is that... and we overcomplicate things so many times... 😃

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djbravo 15 days ago

Never buy in hype otherwise we will never be able to get profit from this market.

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relf87 15 days ago

Thanks for the update and tokens!

After a mess last cycle where I just held all the way up and all the way down, I did start to DCA every single day back in early 2023, starting from zero. Currently I am DCA-ing out already, but it will probably take a while as well. I feel it works better because it's so systematic and I don't have to time the market and think whether is it a good time to buy or is it a good time to sell. I might not be able to exit at the best price, but I guess no system is perfect.

!LUV

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ph1102 14 days ago

it will probably take a while as well. I feel it works better because it's so systematic

It's not even about following the charts and overthinking... it's just sticking to the strategy that you made when you were thinking CLEARLY, and not hyping... 😃

0.02 VYB

luvshares 15 days ago

Made with LUV by crrdlx

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gadrian 14 days ago

That's a good reminder and plan that needs to be put into action without regret about potentially missing out on future gains. Most people will always overestimate the extent to which the price action will go.