What did you mean by you have not close your position? Using leverage to hold? If you are not using leverage, it is secure to move your coins to a noncustododial wallet. If using leverage, know that the risks are higher than it no leverage is used.
Dollar cost average can help instead off buying all at ones. If you are losing 45% already, it will be better not to panic and sell, continue holding if you can do this for long term.
Be expecting a slight bull and bear market in 2023 but be expecting a massive bull market in 2024. You have said it already, no one knows when the next massive bull market will begin, we are only predicting based on analyses of past price volatility but which may be accurate because bitcoin has never failed in long term bull prediction before.
Topic: How quick does the market grow during bull market? - page 3. (Read 344 times)
Hi ,
First started crypto in February this year so am new to all of this and the current bear market we are going through.
I have so far invested £4,500 and my portfolio is down 45%. I have not sold any of my positions and have kept buying at these low prices with the intention of holding until the bull market comes and I can cash out some nice profits.
I have been dollar cost averaging the last 5-6 weeks since we had our first real crash in May which means I now have pretty good average buys for all my holdings so hopefully when the bull market does come again it will take no time at all for me to be in profit.
I understand none of us know exactly when the next bull market will be here but I am just wondering if anyone could give me their experience with what it was like during previous bull markets and how fast we can expect our investments to grow again?
First started crypto in February this year so am new to all of this and the current bear market we are going through.
I have so far invested £4,500 and my portfolio is down 45%. I have not sold any of my positions and have kept buying at these low prices with the intention of holding until the bull market comes and I can cash out some nice profits.
I have been dollar cost averaging the last 5-6 weeks since we had our first real crash in May which means I now have pretty good average buys for all my holdings so hopefully when the bull market does come again it will take no time at all for me to be in profit.
I understand none of us know exactly when the next bull market will be here but I am just wondering if anyone could give me their experience with what it was like during previous bull markets and how fast we can expect our investments to grow again?
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