As the bull run is right around the corner, most of us newbies have heard about it, and even the experience crypto enthusiastic knows how and what always transpired during the bull run, but the sad reality is that not everyone will gain from it
Bull and bear markets, it's always a zero sum game that means there are winners and losers in both bull and bear market. There is no winner if there is no loser to pay cost via loss that is profit for winner.
We should start asking ourselves question like, how far have we gone in our Bitcoin accumulating process? If the bull run comes this week, how much can we milk out from our current holdings? if we had any.
If you see profit and have need to use money, take profit, this week or next week but be aware that a big bull run does not last only one or two weeks. It usually lasts for several months and make sure you know about that, to avoid taking profit one week after a bull run kick-off.
For procrastinators, It's high time you all start accumulating Bitcoin aggressively through the DCA method, so that you wouldn't be left out from such an amazing opportunity.
DCA with entry and have plan to average your exit prices to take profit. Having good profit taking strategy is good to help you firstly retrieve your initial capital gradually with a bull run and after all, will actually have profit in cash to use.
If you don't have plan to take profit, you might stuck in a bear market and have no profit cash in hands, even struggle with loss in a next bear market.