Trader Doctor Profit said he is sticking to his existing Bitcoin accumulation plan and will continue buying BTC in stages while the price remains in the $54,000 to $64,000 range. According to his post cited by BlockBeats on Aug. 2, each purchase will account for 5% of the total capital he previously set aside for the strategy. He also disclosed that 35% of the cash earmarked for Bitcoin purchases has already been deployed. Doctor Profit added that he plans to keep accumulating during periods of extreme market fear and said he intends to remain patient as the strategy continues.
BlockBeats reported on Aug. 2 that trader Doctor Profit said he will continue following his original plan to buy BTC in stages when Bitcoin trades between $54,000 and $64,000.
He said each purchase will use 5% of the capital allocated for the plan. Doctor Profit also disclosed that 35% of the cash set aside to buy Bitcoin has already been deployed. He added that he will keep accumulating when the market is in extreme fear and said he remains patient.
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