DCA selling strategy for Bitcoin
DCA selling strategy for Bitcoin
I first started buying bitcoin in 2021 when it was at $42k. I bought in FOMO spurts till $66k. Then it crashed. I HODLed and bought more on the way down at $46k and finally at $20k. HODLed thru 2023. Bought again at $46k and recently at $69k.
The result: I have 3 BTC at an average price of $50k each after 3 years of buying.
Next up: I want to formulate a selling strategy. I know that talk of selling is frowned upon in this community. But, my objective in getting into bitcoin was to use it to accelerate paying off my mortgage. That necessitates selling it and transferring the proceeds into my mortgage.
If I were to start DCA selling 0.3 Bitcoin every year starting in 2025 and going thru 2034, how much do you all think I can net? Would it be likely that I will net $500k over the course of 10 years?
submitted by /u/Ok_Art_2874
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