RE: Where are we headed
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I still think there will be one more major "scare" to the bitcoin price which will turn the markets red for another bloodbath. At that point, just when sentiment is becoming truly bearish, I expect another major leg up to and through old highs. I feel like the second half of the year is going to be a repeat of the 2017 bull run. Bitcoin slowly builds momentum and while bears keep trying to pick the top, it keeps running through them until we gear up for the blow off top everyone always talks about.
As far as preparing for it, I continue to DCA in a few of my favorites. I have small weekly autobuys in four different cryptos just to keep my position growing. Once the market starts moving again, I will probably stop those and look for a couple alts I think will benefit from the run up. Then, hold on for the ride and try to find a place/places I can stash profits down the road. In all honesty, it may end up being here to a certain extent. I mean, I could buy a couple tons of Hive and maintain my value through curation even if the price drops. It will be interesting to see. There are also a few coins/tokens I don't mind riding back down if necessary. Bitcoin being one of them. Maybe by that time LEN will be more liquid and I could buy a hundred thousand of those. :-)
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I think that your strategy is very sound. With DCA, you manage to get a balanced price for the crypto. Markets may go up or down in the long term but we always compare crypto with fiat to evaluate the price. There is one thing that I'm pretty sure about, fiat won't increase in price with all the money that is being created because of the pandemia. So if fiat looses value, what does this mean for crypto? I think in the long run, it's safer to hold crypto to keep the value of our money :-)
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