Apart from the normal Bitcoin circle that has proven to come with a bull run after the Bitcoin halving, everyone has his own personal plan as to when is the right time to take out his profit from his Bitcoin investments. For some that are barely a year or even less than a year old, the bull run only encourages them to keep on holding their Bitcoin and reassures them of the future of Bitcoin.
Traders generally have little or nothing to do with bull runs because they are too short termed in their strategy and don't even buy too much Bitcoin that will make the bull run of benefit to them. Bitcoin investment has always favored long-term holders and if they have been in the Bitcoin ecosystem for previous circles, they probably are in a better position to know if it's necessary to take profit during the bull run or to slow down in their DCA or to remain consistent in Thier buys. The longer you've stayed as a Bitcoin investor, the easier it is for you to make better plans in preparation for the bull run, during the bull run, and also prepare for what will play out after the bull run.
Topic: You should have a post-bull run plan. - page 3. (Read 464 times)
Everyone is so excited about the bull run because we hope to make some profit. But I just want to say that this bull run will not be the best bull in the Bitcoin circle. There are still better days ahead, so we shouldn't just plan for this present profit without preparing for the future. Let me group Bitcoiners in this bull run thus:
1- Long term hodlers
2- Medium term hodlers
3-Traders
1. Some of these long-term hodlers don't have any plans to sell. Some of these are selling just a fraction of their Bitcoin for personal reasons. These set of people are more concerned about the future price of Bitcoin. They believe that there will always be a new ATH in several future bull runs
2- These sets of bitcoins are always targeting to make a profit every four years. Some of them use the DCA strategy to buy for four years and they sell during bull runs. After selling they can use the funds to invest or solve a need and will start DCAing for another four years.
3- Traders are people who target to make a profit from Bitcoin within a short period.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
1- Long term hodlers
2- Medium term hodlers
3-Traders
1. Some of these long-term hodlers don't have any plans to sell. Some of these are selling just a fraction of their Bitcoin for personal reasons. These set of people are more concerned about the future price of Bitcoin. They believe that there will always be a new ATH in several future bull runs
2- These sets of bitcoins are always targeting to make a profit every four years. Some of them use the DCA strategy to buy for four years and they sell during bull runs. After selling they can use the funds to invest or solve a need and will start DCAing for another four years.
3- Traders are people who target to make a profit from Bitcoin within a short period.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
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