How to Take Profits Using DCA

Dollar cost averaging is a great tool for buying cryptocurrency, but it can also be a great tool for taking profits too, especially as we are approaching the halving and potential bull run.

Nothing goes up forever, and taking profits will ensure you have enough money to do as you wish when the bull is over.

Using DCA, you take profits at regular intervals, using a formula that you set. You can take out ,50% and let the rest run, or you take out 10% every 2x move. It's all up to which strategy you feel comfortable with.

Dollar cost averaging is a method of buying investment instruments every period (for example, once a month on a certain date at any price) for a certain period of time. Some of the advantages of the DCA method are that it is easy and simple so it is suitable for anyone, especially beginners. practice discipline and avoid fomo. The disadvantages of DCA are small returns, higher transaction fees or investment costs.

Never heard of this tool before though, maybe i might give it a try later but for now i want to take a little break on crypto investments. I have other things to sort out.