Topic: Lessons Taken from Previous Bull Markets: How Will Your Approach Change? - page 5. (Read 653 times)

Crypto, or BTC, is all about analysis if one wants to make money out of it, and that analysis is based on past data. This means everyone learned and must learn from the past data, and they should not miss or ignore any point if they really want to make profits. Let me explain this with an example. I did not take any entries in the previous bull run, even though I knew or at least had some idea what halving and bull runs were. But still, I was afraid to take entry because I wanted to test whether this strategy worked or not.

But then BTC went from $40k to $69k, and I was blown away. Then I made up my mind that in the next bull run, which probably comes after the halving of BTC, I will not miss the change to take entry, and I am happy that I have some positions. I am now waiting for the next bull run and wanted to see the results that I saw people make in the previous bull run.

It's an obvious thing that this time the returns might be a little higher, as the scarcity of BTC explains that well. So, I hope you might have gotten my point here.

It has served a reference to us to have a direction on the way the market is likely to be going considering it passed experience on same occassion, we've also learned that bitcoin is always profitable if we invested and hodl, we learn and see consistency in bitcoin, it's market and the network entirely, we also behold an incredible increase in it value each time we had a bullrun that set a new all time high for bitcoin.


As you've said already to do your own research, investing in bitcoin buying the dip, holding and smiling after the halving has taken place and a new all time high is set.

The fork and the spam attacks from Bcash team caused very expensive fee on Bitcoin network. We can see it with the transaction fee chart from Bitinfocharts.com. The average transaction fee was about $40 to $50 in late 2017, it's crazy.

I understand why you did not want to spend expensive transaction fee which is some of reasons why you missed a chance to sell Bitcoin around $18k to $19k in 2017.

You luckily to did it in 2017 as top altcoins in that bull and bear cycle are safer than top altcoins in 2021 to 2022 bear market. Last year, in 2022, we witnessed two terrible crashes of top altcoins, Terra and FTT token from FTX exchange. Those crashes are unbelievable in 2017 or 2018 but in 2022, they actually happened and two top altcoins, one tier-1 exchange crashed within a few days.

Two lessons i learned from the last bull market that i think are worth sharing.

1. Don't sell too early
2. Selling some and buying more at a lower price is not a bad idea.

If you are not a bitcoin maximalist then most of you hold some other altcoin as well. In the last bull run, One of my friends sold some of his altcoins with 2X to 3X profits when they rode all over to more than 20X. He lost a lot of money and he regrets it. On the other hand that same person keep holding his Bitcoin even that touches 65K market by expecting it to cross 100k. He regrets that as well by thinking if he would have sold some of his bitcoin he could have bought 3 times more bitcoin with that same money.

So i think most of us want our portfolio to grow so if i get a chance to increase the number of bitcoin i have i will take it.

I am looking forward.  Besides profit, I want so bad to see my friends' reaction when I would be the only one who hodled his coins for so long.  Everyone was saying that bitcoin will not repeat the cycle and it is dead. 

One more thing: I am curious to know what will be the cause of the next bull run.  I cannot predict, but I doubt it will be something we have seen before.  So focus and hodl.

To me, the most valuable time of lessons was at the end of 2017 and the crash of 2018. I didn't sell anything at $18-19k back then because the fees were high and I was kinda greedy, assuming the price wouldn't go down while the fees would decrease. 2017 was also a time of mistakenly buying altcoins at their ATH point, believing that they'll go up even further. I didn't waste a lot of money on that, and I only bought coins that were in the top-50 by market capitalization, but still, a major mistake. And then the price went down at the start of 2018, to which I remember thinking that it'll go back up in a few weeks...
There were a lot of wrong assumptions there, so I've learned a lot of lessons:
- if the price is good for the time being, sell some when you feel like it;
- keep calm when the price is down for a couple of years, that's normal;
- Bitcoin matters, altcoins are safer left ignored like they don't exist.

The plan is simply to buy as much as possible because I feel still we are a year for the real bull to kick in if the market acts as predicted so you can buy more bitcoins just like me and when you hear buy bitcoins from everyone that is the actual time to dump your profits and wait for the next opportunity.

Another approach is you can pick the trending shitcoins which can make you millions with thousand dollars as investment but finding the one is like sniping blindfolded after 50 spins.

My strategy is clear bulls-eye so you can choose which one you want.

The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.

Looking Back: The past bull runs have been full of excitement and sometimes nerve-wracking moments. There's a bunch of stuff we can learn from those times. Remember the big runs in 2017 and 2021? And even the recent ups and downs? What did you take away from all of that? Maybe you realized how important it is to set clear goals for how much profit you want. Or maybe you saw that it's a good idea to spread out your investments and not jump into things just because others are. Let's talk about what we've figured out so that others can learn from us too.

Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.

Remember, the crypto world can be super unpredictable, and no plan is perfect. But by learning from our past and changing our strategies, we can handle the ups and downs better.

What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.

DYOR