2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.
Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
Any advice on how to prepare when it comes to being ready to take profit?
You can check it from how the money flow is going. normally investors first invest in bitcoins. So the bitcoins will be pump. They will take profits after some time. Then they will invest that most profits into alt coins. so alt coins will be pump. My advice is always take the profits from alt coin in every bull market. Because after some time most of the alt coins will be dead.
But OP is asking about Altcoin mate and this is altcoin section , the problem here is that people in crypto trust in different coins.
Some in Altcoins and others in bitcoin , while many are supporting both altcoins and bitcoins.
but asking to how quick? there is no certain , unless it is about Shitcoin or Pump and dump currency? then it may be past but as long as the market shows like what we are sitting right now? never over expect or face the consequences .
You can check it from how the money flow is going. normally investors first invest in bitcoins. So the bitcoins will be pump. They will take profits after some time. Then they will invest that most profits into alt coins. so alt coins will be pump. My advice is always take the profits from alt coin in every bull market. Because after some time most of the alt coins will be dead.
thats right, there will be so many altcoins created at the beginning of the bullrun, everyone wanna make their own coins and become rich out of it, but when bullrun is ended or nearing the end, these altcoins are gonna be dead and turns into zero, thats the thing with bullrun.
the veteran holders definitely already figured out this pattern.
investing in some random altcoin only good at initial bullrun, after that its gonna be too much risk and also waste of time.
stop believing in projects that mostly created in before the BullRun because those are commonly going with the flow of the market but ending for nothing sooner.