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Is it worth dca-ing bitcoin and ethereum at current levels? (lemmit.online)

submitted 1 year ago by [email protected] to c/[email protected]

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The original was posted on /r/cryptocurrency by /u/game-still-stanking on 2023-07-17 02:47:16.

So when bitcoin had dropped under $30,000 I setup a buy order same time every 2 weeks. 60% bitcoin and 40% ethereum.

Initially I had set it up with a lot of other alt coins but then I thought the best or most profitable thing to do was to focus on bitcoin and ethereum considering their prices were a third of their all time high and realistically would be the most profitable in the long run since they are cryptos that the vast majority of people know and would invest in.

Having said that are there any altcoins that should be taken into account and included in dollar cost averaging? Or should I not reactivate the regular buy order at all?

Since Ripple hearing I am bullish at this moment. My only worry is is if this positivity and bullishness is going to be short lived.

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[–] [email protected] 1 points 1 year ago

There is a significant amount of news lately that indicates that the price has a very good chance of going quite high, and it’s good you’re mindful that the price can also fall from here. The probability of both of those happening is high over time. Time is what this gets down to, And you being aware enough of when the time comes to make decisions to move, And where to go.