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Topic: 6 bull run strategies (Read 237 times)

full member
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October 03, 2023, 09:09:01 AM
#22
I've said in my first post it isn't suitable for users to listen to anonymous members giving financial directions. He doesn't have proof to table but it doesn't stop him telling users to buy altcoins. He's saying that's where the money is. You shouldn't do what he's saying.
sr. member
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October 02, 2023, 11:06:13 AM
#21
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

This is not entirely correct.
The real money is in Bitcoin. Reason why altcoins tends to make high return investment is because they have low market cap, so a few millions pump will give you many X in return. Can be x5, x10 or x15 depends on how much was use to pump the altcoin.

Bitcoin is already a billion market cap, was ones worty a trillion dollars market cap and with how large the market has grown, if you inject a billion into it, it will not make 2x return of investment at that point but putting $1b into an altcoin of $50 million can make you riches but the pumps don't last and the risk is why, you will likely get played and reap off with a dump later.

Quote
_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 

This is what u do tell people or maybe it's because I haven't experienced more of what they saw, that could be the reason why it's easy for me to give them advice but it's always better to take your profit when your investment has been pumed. Take the profit and buy back when the price come down and try again continuesly.
hero member
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October 02, 2023, 10:02:26 AM
#20
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 

Maybe you made a mistake from the way you titled your thread posts because the contents does not go along together with the title used, maybe you can try edit and use something like, " a friendly advise to make you experience a bull run while you hodl" honestly what you've listed here aren't the strategies at all to make one experience bullrun, they are just advise for every newbie or beginners to observe in other to have a better experience in their cryptocurrency journey but not pointing directly on bullrun strategies, maybe you can get more ideas on this aspect of the speculation board.
sr. member
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October 02, 2023, 05:17:50 AM
#19
I've been into altcoins before you unless you are not just available on the forum all this time and you decide to join the forum now, it's not about choosing the right altcoins, to me they are all the same.

The best strategy with altcoins is getting into them earlier, that's why even the so called shit coins do insanely well than others.

Many start investors make 100x of gains from all projects launched through binance launchpad and Seedify in last bull run and the same thing is happening right now.

Some altcoins have good use cases and teams, but the hype is all that matters, and pick out your profits when people start FOMOing into the project.

Just be there earlier than others, and as new investors join the race you are already in insane profits.

I won't lie, I kind of prefer altcoins than Bitcoin because they have the potential to bring 100x than Bitcoin but the last man standing will always be Bitcoin, on the long run you don't want to be holding altcoins, choose your alts and wait for the right time to sell, throw those profits back into Bitcoin and keep increase your BTC, at the end of the day, only Bitcoin matters.
hero member
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October 02, 2023, 05:05:38 AM
#18
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.
Crypto investment have drastically changed over the years, and fortunately the first investors that believed in BTC were rewarded handsomely, today it's different ball game as it requires us to use money to make money and the wait is long as we use BTC more of a currency than a store of value.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.
If making money in crypto was this easy, everyone would have gone all in on it and  will create a problem of a Ponzi scheme as the last person to take money out will be running at a lose as everyone would have withdrawn their over inflated bags.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
Not sure if this is a bull run strategy but any small profits taken out do add up over time and hodlers need to do this more often.
hero member
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October 02, 2023, 02:48:55 AM
#17
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.
This is true in some instances but it's misleading to take people into the path of where a few became successful. While going into the path of Bitcoin, it's no doubt that this is the best investment that anyone can have and even for those who are just starting out.

_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
All of these factors when combined, you'll really get to that point that you'll sell and will be glad of yourself that you took the risk. Taking profit and learning how to sell is interconnected.

When you take profit, that's because you know when to sell and you will just do that when you're in profit and not because you're panicking and just gonna sell because you're too nervous so that's where being patient is coming in and so on.
hero member
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October 02, 2023, 02:23:54 AM
#16
High risks do not necessarily reflect a good profit. Sometimes these high risks are chasing something that may not happen. In the case of altcoins, you expect that their price will rise compared to USD and Bitcoin, while with Bitcoin, you need to compare its price to the dollar only, as investing in Bitcoin in the long term is more profitable than altcoins.

You double the risks as you are required to recover your capital and profits in the short term, while there are no guarantees in the long term. It is an increase in risks without guaranteeing future profits.

If you do not plan your calculations accurately (which is impossible in altcoins,) the possibility of loss is greater.
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October 02, 2023, 01:06:09 AM
#15
Quote from: Kara3
_ Be patient because that is the key.

Many investors don't know how to use this key to achieve what they want from their Bitcoin investment, because if you can endure in the season of bearish and hold until the price get to your target before you can release to make a good profits from the market. I find it difficult to use this strategy to make profits from crypto investment as a newbies those days, because whenever am planning to exercise patient by holding long like 5 or 6 years before I will sell, but sometimes will definitely happen that will make me to visit the market to sell my coins and regret when the price continue increasing higher. Don't give up in your patients, because there is a great benefits that is behind it if you can endure till the end.
newbie
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October 02, 2023, 12:31:50 AM
#14
So Im confused here
how can I know that I should not give up or I should sell as you said even at 70% loss
sr. member
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October 02, 2023, 12:25:22 AM
#13
We must accept risk, if we can't accept financial risk then we have to avoid making money by investing. Apart from taking risks we have to invest according to specific plans. Not only plan to invest but also plan to sell investment at right time. Excessive greed will lead to loss of money so we should not be overly greedy. But if we can be patient after investing then our money will have a good chance of growth.  

A few years ago the market was not in the same condition as it is now. That is, when the price of Bitcoin was close to eight thousand dollars, those who invested in Bitcoin and trusted their investment, and those who trusted and held their investment for a long time, but now invested much more successfully. We must be patient as the market can change an investor's position anytime.
hero member
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October 02, 2023, 12:24:34 AM
#12
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.
Although, you are right a little bit but you missed the whole picture. Bitcoin is the only currency that surely gives profits without any risks. The altcoins can go zero in value anytime and the ones who invest in altcoins are risking their money in order to earn profits. Remember the case of TerraLuna that caused huge losses to the investors who invested in it with the same mindset as yours. Altcoins are highly risky as investment and if someone really don't want to lose everything then Bitcoin is the only reliable option for such people.


_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

Well, patience is required in every investment and even in Bitcoin investment the investor must have patience to gain good returns from the investment. I agree that controlling of risk is a good step but sometimes taking risks is also essential in order to reach good levels of financial freedom, but I disagree with you because the ones who are good at trading make far more profits then who ones who hold for bull run.


_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 


Well, if you invest in Bitcoin then you won't have to face -70% loss even if you invest in it right now. Sometimes that can happen but still most of the time that thing doesn't happen with Bitcoin investors. When you invest a low quality altcoin then surely you'll have to find a better way to save your investment.

Taking profit isn't always a good thing because sometimes we miss huge profits by taking small profits every once in a while. It depends on our emotional intelligence sometimes because if we can't control our emotions then we may not be able to earn huge profits and sell off early in order to have small profits.
sr. member
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October 01, 2023, 10:47:57 PM
#11
If your suggestion is to use stop-loss, then why do you need to wait for your investment to go down to -70% to exit? Your stop loss should be way higher than that so that you don't need to take that huge loss and in a bear market this reinvestment strategy won't work. All the alts go down eventually.


That's right friends and that makes sense, the minimum set bid for SL after we buy it is above the purchase price and that's if the price has gone up. But the downside is that we spend a lot of time monitoring this otherwise the strategy doesn't work and becomes an ordinary strategy. Indeed, the Sl Method is quite helpful in trading to minimize the decline in asset value during corrections so that the basic trading capital does not decrease drastically.
member
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October 01, 2023, 09:29:48 PM
#10


_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 


yes, this is good advice op and indeed there are times when we should not be greedy in seeking profits but of course before taking profit we must first analyze fundamentally and technically because the price could continue to rise even higher but yes by taking profit of course it will be safe and we will be successful get a profit and by taking profit of course our money will be safe, because sometimes if we don't take profit we might fail to make a profit because crypto prices fluctuate.
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October 01, 2023, 04:30:45 PM
#9
I'm applauding your honesty but can't recommend ppl to take your advice. You aren't a financial advisor so you're guessing like us about what's going to happen with bitcoin's future prices. Did you follow your recommendations. Describe which riches did it bring you? Advising ppl to buy altcoins because real money's there carries no evidence.

_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 

hero member
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October 01, 2023, 03:42:53 PM
#8
Quote
Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.
You can't be a big fan of Bitcoin an be advocating/giving advice to other to pick up Altcoins. If you don't think investors can get rich of Bitcoin why do you think they would off altcoins. The rise in price of altcoins is usually influenced by how we Bitcoin is doing. And it's a blind gamble when you ignore the fact that you can slowly accumulate Bitcoin rather than wanting the quick road and blowing capitals on altcoins. Many altcoins has poor team, scam, built off fake hype and promises.

full member
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October 01, 2023, 12:09:22 PM
#7
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.


The real money is in bitcoin. But alt can also give you a huge profit but you need to pick the right one and how would you do that? There are thousands of their kinds and everyone is promising a great future. Grin

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

If your suggestion is to use stop-loss, then why do you need to wait for your investment to go down to -70% to exit? Your stop loss should be way higher than that so that you don't need to take that huge loss and in a bear market this reinvestment strategy won't work. All the alts go down eventually.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.

We all want to take profit but is there any working strategy you have for that?
sr. member
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October 01, 2023, 11:17:16 AM
#6
Well, this is something that needs to be known by all those who are new to the world of trading because many people experience this when trading because market conditions are always unstable and the pace of trading is also very frenetic. The most important thing is not to go against the mainstream because The possibility of real financial gain and loss of money has consequences that greatly increase the psychological difficulties in trading.
hero member
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October 01, 2023, 10:31:21 AM
#5
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.
But a huge risk does not always mean huge profit, it could also make you a huge loss. But other than this I agree with it because huge risks bring huge profits, but those who don't want to bear or be under some stress, they prefer BTC, there are also many other factors that become a reason man to prefer BTC over ALT and vice versa.
_ Be patient because that is the key.
Sometimes, we should avoid patience and take profit (that's your 6th point). And sometimes, we have to sell at lower rates too just to save the 30% we have left (that's your 4th point), So that we could reinvest it to take it back to %100. So the point is, keeping patience is not the only key but every factor you have discussed here is in correlation with each other.

Besides all that, You really have made a good topic, and these points we all should keep in mind despite the difference of ranks.
legendary
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October 01, 2023, 10:20:06 AM
#4
You should start with the fact that any investment poses risks, even Bitcoin does. One should be aware of that and especially in Beginners area this must be said over and over again.

_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

Actually altcoin investments are a couple of levels of magnitude riskier than Bitcoin investments. And this means that if one has chosen the wrong altcoin or the wrong moments to buy and sell, ... he/she can get burned (too) easy.
In my (quite long) experience all the altcoins I've tried out sooner or later went down and never came back to their ath (against Bitcoin, I mean).

_ Be patient because that is the key.

Yep. Patience in buying and selling, patience in learning too!

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

1$ lost while learning is still better than 10k lost because one thought he understood trading (and trading is very difficult for most, actually).
So there's no universal truth; one needs to learn, one needs to understand whether trading is a better choice, or investing, or neither (!).

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

Yep, most traders lose the big money because they either became too greedy, either didn't know how to cut the loses.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

So true. Trying multiple times, cutting loses, re-investing basically only the gains, repeating this.. it's a good strategy.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.

That's correct. The only thing to add is that while a trader may want to take profit faster and more often, an investor may even want to wait for years.
But eventually taking profit is the right thing to do; bringing your coins to the grave without having a little fun in life when you were on profit ... would be sad.



All in all you gave more good advises than bad ones, still, it would be great if you would nuance everything in the way you give only good ones. Wink
Keep in mind that bull runs come and go; the advises may be more important when the price is not going only upwards.
legendary
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October 01, 2023, 10:02:32 AM
#3
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich,
Bitcoin is not supposed to make you any money, it is made to be a currency Wink


Quote
Alt where the high risk are, just pick the right one.
There is no such thing as "the right alt", they are all terrible as investments as they all get dumped in the long run. What you need to pick is the right time which is the time before they get pumped (to get in) and the time before they get dumped (to run out).

Quote
Be patient because that is the key.
As long as patient doesn't mean "buy a shitcoin and bag hold it hoping for a pump to happen". That is the sure way to losing money.
As I said you should wait out (without buying the shitcoin) until the signs of pumping starts.

Quote
_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.
This is good advice although as I said the strategy in altcoins should be the way I explained which means if you see the dump starting you shouldn't wait for any drop below 10% of the entry price to sell. Just dump and run away... right to the next shitcoin to be pumped.
copper member
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October 01, 2023, 09:39:34 AM
#2
These are not bull run-only strategies, these are basic principle ideas that you follow when dealing with Crypto in any season. Taking profit is the most challenging thing to do as you never know if the asset you are invested in will finally stop going up in price. Greed surely comes up when you are seen making easy money by just HODLing and you also tend to invest more when you get some great profits in the end.

"Don't give up", okay bud. Great Bull Run Strategy.
member
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October 01, 2023, 08:32:13 AM
#1
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 
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