If you can't stand the variance, it's not such a wrong decision. Different people have different risk tolerance.
I did something similar in 2018. But now I'm here to stay.
Topic: Currently i am quit from market and come in 2024 - page 5. (Read 723 times)
taking a break from the world of crypto when this bull phase of the market is over perhaps it is not a bad idea or maybe decrease activity and make only a few and substantial investments but safe, however you can make good gains even in the bear phase
I will still be in the crypto world even though the bear market has arrived no one knows to what extent a bear market will last but I still believe this is a condition of correction and the bear market will disappear in the near future so the bull run came back
legendary
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Exiting the Market now and waiting to 2024 before you come in back? Lol, really, am not sure you are serious, are you? Cus I believe that if truly you are exiting crypto, I don't see any reason letting anyone here know, so it's still more like you are actually thinking of doing, you haven't done it yet.... Well, for me and those like me, we are here be it bear or bull, I personally will always be here cus am sure that even in bear, some people still make money.
I believe you are one of those seasoned trader who are currently taking a portion of the profit from your trading or investment in crypto. I don't think what you think is anything wrong, because I know securing profit is a good way to do it when the market is down.
The problem is we never even know whether the market will continue to collapse or if this is just a correction to go up more than the previous ATH. If what you think is true, then you are the lucky one for it. But if it's wrong, then you will feel disappointed because the price continues to go up.
The problem is we never even know whether the market will continue to collapse or if this is just a correction to go up more than the previous ATH. If what you think is true, then you are the lucky one for it. But if it's wrong, then you will feel disappointed because the price continues to go up.
This bull season isn't in my favour at all and of cos most of my money came from bear market season, this only thing I did this bull season is build mining rigs and make some money which was quit good for me, I don't a quitting season because you can make money in any season either bear or bull
so if you enter during bear market season, you will automatically always be the one actively monitoring market growth and movement. it's just that when it is a bearish continuously, are you currently very confident mentally, to be honest because i experienced it, but not too big. yes when I have Ethereum at a pretty high price. but regardless of the current bear season the trust will come back and give me an advantage. You have to be prepared to hold on long enough.
you are not alone
My plan is waiting for the big bearish trend and i can enter to the market again but i expect the bottom floor will be even higher than the previous rate consider crypto has been breaking a lot of record dude.
The bitcoin is not yet confirmed to get the bearish trend now and im thinking waiting for that to happen. Investing small amount of money into the legit icos and then i'll try to use my reserved funds from the profit that already taken to buy back it again.
The bear market could take more than just a year so there is plenty of time to chose which price to actually decide when to buy. It takes a bit of TA to secure gain when that happens. But right now there is more to think about yet other than the bearish market to come. There is likely more institutions around the world that will come yet and this correct is just giving them chance.
My plan is waiting for the big bearish trend and i can enter to the market again but i expect the bottom floor will be even higher than the previous rate consider crypto has been breaking a lot of record dude.
The bitcoin is not yet confirmed to get the bearish trend now and im thinking waiting for that to happen. Investing small amount of money into the legit icos and then i'll try to use my reserved funds from the profit that already taken to buy back it again.
Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
It all depends on you but i think it would be difficult not to dive back into cryptos for the next 3 years. I will be incapable of it
Your idea is not however stupid and i sometimes say it to myself: during the last 365 days, if i had not done anything (cut with crypto) then my capital would have grown much more than it did (since I have sold some assets that have experienced crazy progressions).
However, this has been an exceptional year and ... it may not be over
Whatever your choice, good luck !
Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
You should come back in 2022 and 2023 with piles of money to buy bottom and then sell on next bull market of 2025. Trust me it will very hard to buy at bear market. Same as it was in 2015 and 2019. Extremely hard since everyone is so bearish and all normies look at you like a ponzi scheme guy when you mention crypto.
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
It is my view likewise. A wise trader takes out profit now as the volatility starts to reduce.
Waiting till 2024 is a long time if you are not a crypto investors except you do it on temporal. But keeping an investment now on low priced altcoins now will double your $10000 capital instead of exiting till 2024.
copper member
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Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
Tell that to institutional investors that adding Billion Dollar money to there holdings whenever there is a price dip. They will not let the crypto market collapse since they are already heavily invested on it. Most of famous and innovative person in the world are already into crypto. I hope that you didn't miss the real bull run on your 3 years vacation on trading crypto.
Taking profit is never be a bad decision.
I know someone who has put some money into BTC unknowingly has multiplied his initial investment to x10 after four years. What happened is that he forgot the username and password of the account that he has and kept his assets in BTC. So it was around 2017, and he then recently opened the store, and what do you know, it multiplied by 10. Maybe if he had input a larger amount, he would've been a super winner for that, but he made some money on it.
The key to this, IMO, is that he didn't need the amount he had in store for that. That's why it's okay to set and forget it. It's pretty basic, but if you invest a big amount, you would check it regularly, but you will never know what could happen in the future if you just forget it.
Are you saying that you are going to invest 10000 USD for a coin and just check it after a few years?
The key to this, IMO, is that he didn't need the amount he had in store for that. That's why it's okay to set and forget it. It's pretty basic, but if you invest a big amount, you would check it regularly, but you will never know what could happen in the future if you just forget it.
Are you saying that you are going to invest 10000 USD for a coin and just check it after a few years?
This bull season isn't in my favour at all and of cos most of my money came from bear market season, this only thing I did this bull season is build mining rigs and make some money which was quit good for me, I don't a quitting season because you can make money in any season either bear or bull
My plan is waiting for the big bearish trend and i can enter to the market again but i expect the bottom floor will be even higher than the previous rate consider crypto has been breaking a lot of record dude.
The bitcoin is not yet confirmed to get the bearish trend now and im thinking waiting for that to happen. Investing small amount of money into the legit icos and then i'll try to use my reserved funds from the profit that already taken to buy back it again.
Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
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