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?
IMO, to get ready to take profits when altcoins pump fast, investors should set a take profit and a stop loss price before investing. Fast-pump altcoins often occur during spikes in the cryptocurrency market, when investors pour money into new and potential projects, or when there is positive news about that project. Some altcoins can increase in price dozens or hundreds of times in a short time.
During ATH, the price of fast-pumping altcoins can go up very quickly and very high. However, this means that prices can fall deeply and quickly in a short time if there is a change in the market. And more importantly, always think about the goal that you initially set with the profit earned, I see a lot of people have complained that because if they quit, if they keep them, they will become millionaires
, the Such an unsatisfactory investment only shows that the research is not thorough and depends too much on the luck factor.