Topic: Lessons Taken from Previous Bull Markets: How Will Your Approach Change? (Read 653 times)

That's the universal strategy in my opinion because almost every Bitcoin believer and holder has the plan to sell a bigger portion of their holdings when the bull run arrives so that they can have some profits and since they believe the price might go higher, they will always keep a portion of it to sell later if the price goes higher and even if it doesn't, they will now have liquid assets that they can keep and wait for the cycle to reverse so that they can buy cheaper again.

I believe one doesn't need to make any changes in that strategy, but that is just for Bitcoin and most people will also have altcoins that they have bought and kept for the bull run, for such people, it's best if they sell all their altcoins as soon as they see they are getting a good price because altcoins can always drop significantly after the bull run.

That is why I am saying that if we do have experience, we tend to not panic sell because we do have the knowledge that it is really part of the cycle,though being a believer can still make you have more patience because you don't lose hope on Bitcoin and continue holding, which also makes sense. As long as we are patient enough and are not taken away by our emotions, we could hit our goals and target price.

I understand this post was probably only half-serious, but just wanted to point out that the "holding forever" strategy is pointless and you might as well just send all your bitcoins to the Bitcoin Eater address.
There's nothing wrong in taking profits from holding bitcoins eventually and using them to finance your life goals etc.
I think many people would benefit greatly from figuring out what is that they actually want from life and setting clear (and realistic) goals. Sounds obvious but vast majority of us live without any plan.

Are you sure you are responding to right comment?

That is definitely the way you should approach it and it is a smart way of doing it as well. I know that a lot of people do not consider it that way but they should and that's how it will continue to improve. I think it should be important to know the difference and it should be very important to keep it going as well. I know that people are not doing any mistakes any time soon, but they should reconsider that option.

It's a smart way of doing business and I would say that it will definitely make you profit on the long term as well. It's a tough thing to be able to wait that long, not everyone can do it, but as long as you can do it then you are going to make a profit from it without a doubt for sure, it is just how it is.

Bitcoin is beneficial beyond producing money. Agreed. In places where the currency is depreciating swiftly, it's an unbeatable inflation hedge. However, categorizing purchasers by market tenure may be too easy. In crypto-investing, the "why" may be more significant than the "when".

Buying low and selling high is crucial, but trading is more than that. Beyond what you indicated, the "buy high, sell high" strategy involves risks but benefits. Oh, volatility! A unreliable market partner. However, crypto community behaviors frequently set the rhythm, not only news or economic developments. You should only spend when ready. Eagerness causes a severe hangover when you don't have money.

Well, Here are a couple few I can share.

Some Newbies or even old timers are stupid, for they always consider the Bull Market to be a time for them to be rich. Time without number it has been sang like a song that the Cryptocurrency Industry shouldn't be considered a a place to get rich quick schemes.
Doing so Newbies and quickies ends up getting over expectant. They end up also losing what they have in other to accumulate too much Satoshi's

Greed has led to the down fall of some who are too daft to capitalize on the profits they have. Hoping for too much and not getting that hurts. Just the way we do it when it comes to gambling, daily four odds would add more to your pocket than expecting too much from a million dollar ticket. Get to accumulate the little profits you see.

That Said, In terms of Crypto Currencies to invest, I'd suggest just Bitcoin, Transparent as it defeats everything that has to do with Inflation during fiat currencies financial worries. Both retirements and generational wealth can be stacked and stored in using Bitcoin.
Great Topic Op! As you read, do well to filter from what you read and wait patiently for the Bull. Most Bitcoin Maximalist practices the strategy of HOLDING them Bitcoin for a much longer periods than any.

Edit: Avoid Exchnages and don't keep large number of Bitcoin with Centralized Exchnages... Look back has always been a good guide for the future. We've always seen one of them failing during the Bull market.

Once a holder has trust in the Bitcoin market, he will develop a resistance to panic sell.  Since he is knowledgeable about the Bitcoin market and its cycle, he knows that the Bitcoin price dump will eventually recover just like what happened in the previous 4-year cycles.  So the person will have patience in waiting for the Bitcoin market to recover and will not sell their holdings due to FUD and price dump.  The believer will always wait for their targeted price to be met be then cash out for profit.

I am impressed with the fact that you and I have similar thought. I have entered in various discussions on speculating bitcoin and one strategy that has really worked well for me is DCAing. TBH I have little experience on bull market because I was a late investor. But I have accumulated a lot in this bear market and am curious waiting for the next bull run. Even then, I'll stick with the strategy I've learned so far.

For me, investing through previous bull markets has taught me lessons that have been good for crypto and stock market. I've realized the importance of patience. holding strong while prices are volatile is key. Sure, it's cool to see your money grow fast, but you shouldn't rush into things. Also, it's smart to spread your investments around. Don't put all your eggs in one basket. Stay updated on what's happening in the market, like news and trends, so you can make better choices. Lastly, don't let your feelings control your investments. Sometimes, it's easy to get too excited or scared, but keeping a cool head and thinking long-term is the way to go. These lessons have helped me handle bull markets and be ready for the ups and downs of the stock market and crypto market

Other than to profit, it can also be use as a hedge to inflation so that we can retain the value of our money. There are different types of investors, some are short-term, some are mid-term, and the last one is long-term, so time frame does matter here or can vary depending on what type of investor you are. Buying at lows and selling at highs are the basics of investing but there also some who buys at high and then sell at an even higher price.

Volatility is a standard/common factor of the market but it was the unexpected events like the news and economic issues are the ones where we need adjust the most. That's right, investing is only optional so there is no need to pressure or force ourselves to buy if we don't have a money as it can only lead to trouble.

You nailed it. Bitcoin has always been the most profitable and reliable crypto investment so buying its price either high or low will still create big returns when it's the right time to sell. But if you want to maximize your future profits, then maximize buying as well and hold them with no definite time. This is my focus today, to accumulate as much as I can and do DCA whenever I can. That way, when everyone else is selling and making decent profits, surely I'm also having a great time as well.

That is why while holding a Bitcoin, you will learn how to control your emotions. Experience is really the best teacher because it will teach you. We were also the same with them before because of our emotions, but because of our experience, we kind of don't panic right now. We can't really blame them, but I do suggest feeling their stress because that's where they will learn. They will research and understand more about Bitcoin.

Just to expect that we are certainly experiencing highs and lows due to the volatility of the market. And it is not quite hard to understand but can't say we all can take it. Some people are weak enough to keep themselves from accepting the sudden drop in price and then start to panic. Until we don't understand how the volatility works, we can still see many people have uploaded their coins at the wrong time.
What we are going to do is to change our behavior and go along the market trend, not against otherwise, it was stressful.

This is really the best example, it is kind of like you missed the train because you jumped off early as you panicked because of the dumps. The biggest lesson really is to control yourself so that you won't regret later on because this tends to make you decide to sell, even if it is just a small dump, and when you sell it, you'll regret it because it goes to its peak and again you can't buy anymore as it is too high, and if it goes down, it is still not that affordable on the first day you purchased it.

The bull market is the moment that all investors are waiting for to take advantage of it in different ways, and I personally only use the bull market to take some profits. And not to sell the original ownership, the aim is to enjoy profits or fulfill desires or buy something expensive.
And in my opinion, below 100k is still the best moment to accumulate by doing DCA without reducing the number of purchases in the allotted time. And whatever the price of Bitcoin, I will still buy at the same price, and will probably only increase my purchases when the price of Bitcoin drops significantly. And I believe that the price of Bitcoin in the future will be very high and expensive, so it is very important to take advantage of certain moments to accumulate and take profits before that happens.

In my case it is similar. I will take advantage of the bull market to sell part of my holdings, although in the long term I will continue to accumulate. It is quite likely that the price will go above $100,000. If it goes to $125,000 or thereabouts, whatever we are buying now will have been multiplied by 5.

The bad thing is that you never know exactly when bull and bear markets start and end but if you've been investing for a while you get an idea.

Not only with bitcoin but with all markets and fields, if we want to win and succeed, only knowledge can help us. In my opinion, patience is the key to success when investing in bitcoin but very few people can do that. But to have patience and gain trust in bitcoin, only knowledge can help us do that. I have seen many people without a college degree who were still successful, but I have never seen anyone without education or knowledge succeed. Knowledge is the answer to all questions about success.

You will be able to control your emotion better if you invest with your money, only with your money.

If you borrow money and have pressure from interest payment, collateral liquidation, margin call which are all big risks, you will lose control on your emotion. I am sure many people will feel panic when facing with such risks. Lastly, feel fearful, panic or not, the market will move in its way and your loan collateral can be liquidated by exchanges.

Even you don't want to sell, your coins will be sold by exchange and you can not do anything. The best way to avoid liquidation is using your own money to invest, don't use leverages because you believe you will win and will get rich with your accurate thinking and greedy position.

Not all does have the money and its already been bought out earlier on which we do believe that it was the lowest price that we do have in the market on which there's no such thing about unlimited fund on where someone could be able to put up from  time to time or simply making out those DCA but what matter the most is that you do be able to get inside while the market is still cheap and low.
Just like the rest been saying that it is really that impossible for you not to be able to learn up with those past mistakes that you have done on past cycles. I've been able to experience and witness
2 bull run events or cycles on which i could say that i had missed that two situations for me to make huge money just because i had simply deplete out my capital on investing because of the losses
that i do have in the past due to bad decisions which is something that cant really be avoided on some conditions or situations.