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?
I have been in 2021 bull run and it happened at least 3 times back then,first February 2021,I sold everything and I suggest you do the same as I don't know if 2025 will have another 3 bull runs,then it was in April/May 2021 and then in October 2021,the first one in February lasted about 2 weeks and that was also the case with the other ones with that of April/May maybe 3 weeks and some days but the average time the bull runs remain is from 2 weeks to 4 weeks and a few days max,so I think you have enough time to sell your coins at a huge profit.Congrats for being such patient,very few people have this kind of patience.
I agree that the moment the bull run peaked we must sell our holdings. Don't be greedy and wish for further price increase because there are lots of cases that the price goes down after pumping a token and it ends up worthless after that.
Predicting how quickly altcoins will increase in price during a bull run period is very difficult because it is heavily influenced by many factors, including market sentiment, general adoption of cryptocurrencies, and specific factors associated with each individual altcoin.
Altcoins will be very difficult to read especially to traders and much more on margin traders. But for investors, I guess it's not that hard, especially for the top altcoins. Those who bought altcoins last year and this year will surely benefit from the incoming bull run in 2024 and 2025. I doubt there are bettors here that the whole crypto market won't be bullish in those years. It's been shown since the first halving of bitcoin and it will be the same next year.
DCA is the best technique I have seen so far because there will be huge swings before the big bull run starts.
Altcoin market often follows the path of Bitcoin market so it is not that hard to read if we just follow the Bitcoin price trend. There maybe some exception but I believe the majority of altcoin reacts in accordance to Bitcoinmarket movement.