Right now I have 0.03 BTC @ 113.5k cost basis. I started BTC investing in July and have been DCAing $10/day while buying larger amounts when I see any small dips. I turned 20 this January without any investments so my mom forced me to open a roth ira which got me into saving. I have bofa so i used the guided investing on merril to start it in March. The ira is up to 11k now and I think its in the s&p500(not sure cause i dont manage it).
Anyways, I've been doing some research into BTC etfs and I would like some suggestions. Right now I am thinking that while the market is good, i should sell 5k of the roth s&p position for a cash position and save that in the account for when its bear market time to put into a BTC etf.
Right now my cost basis is super high and i know we can't time the market, however I do expect some correction for BTC down to at least the 80k range, even 90k would be fine for me. Getting in at 113k average feels like an arm and a leg and I just don't have enough cash right now to be able to invest if we see a sharp dip. Buying up the etf with 5k in my roth seems like a good idea. what do u guys think?
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