My plan for the coming bull run is to never be blind by the bullish market cause one of thing i learn through crypto market is to always think ahead in other to always seize every moment cause good thing dont really last forever. I sold 85% of my holding when Ex Apple Co -founder publicly said he sold all his holding cause people like him can easily influence the market. Besides, this is the reason why I sold 75% of my YFI holding either.
Topic: Your plans for the coming bull - page 9. (Read 1401 times)
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The 2016/17 bull run was just for about 9month and it hit around $20k, I never thought it will end so soon .(snip)
Same page, I thought bitcoin would continue to rise like there's no correction, I got hyped that time but I never regret anything as though I wasn't able to maximize my profit but at least I sold at a profit. I earn both trading and bounty hunting that time, so it was one of the luckiest moment of my life, I don't want to divulge any amount I made but I tell you, it was a significant amount enough for me to change my life financially.
... now as the bull run commences,let's say it runs for a year, how many project campaign do you plan to cover within the period?
Why such a plan like that become a concern now because of the current price behavior?
Should be, even prior to this expected bull run, we should just continue our usual accumulation as much as we can.
There is no we can tell how long BTC will behave like this so plan early instead of waiting for the "good timing". In the end, whatever happened, you will have a good number of BTC on your hand waiting and preparing for the next trend.
I wasn't in the cryptocurrency space during the last bull run and as such, I do not have any experience about that. But so far, I've learnt that it helps to have a strategy (based on your analysis) so you do not sell too early or end up hodling all the way up and back down again. The task is to find the perfect balance between greed and panic.
It's almost impossible to predict where the peak would be, so I would have a certain range within which I would sell a portion of my stash (which isn't that much) and hodl the rest regardless of whether or not it drops. I would only be compelled to sell off if it hits a ridiculously high price.
My contingency plan would be; if the price crashes significantly after a spike; below x value, I'll buy back completely.
It's almost impossible to predict where the peak would be, so I would have a certain range within which I would sell a portion of my stash (which isn't that much) and hodl the rest regardless of whether or not it drops. I would only be compelled to sell off if it hits a ridiculously high price.
My contingency plan would be; if the price crashes significantly after a spike; below x value, I'll buy back completely.
That last bull run has taught a lot of us not to be greedy and always get the profit that we deserve. My plan is to pursue buying until the price of the bull run hasn't shown. Relative to projects, I might be sticking to the oldies and won't be focusing on the hype.
Getting myself ready if it comes unexpectedly because it can also go as quick as less than a day.
Getting myself ready if it comes unexpectedly because it can also go as quick as less than a day.
I sold nothing during the last big bull run. I’ve been heavily invested in bitcoin since 2014 but 2017 was my first face melting bitcoin bull run. I was like a deer in headlights tbh, I had no sell strategy & I was seduced by the price going continuously upwards.
I’m much better prepared this time & I won’t miss out on taking life changing money out this time.
I’m much better prepared this time & I won’t miss out on taking life changing money out this time.
We're you joining campaigns to earn funds or were you buying into their tokens?
I sold at $10k during the fall last time but I remember being busy at the time so it was an easy move to make. I still held some funds in crypto but cashed out the rest and rebought around $6k. I don't think I'll get that lucky this time I do it and I'll probably aim for if the price reaches a few hundred thousand to start selling -- if it doesn't reach that far and it cashes I won't feel too bad.
I'd spend your time now trying to accumulate stuff before the run. If you wait for then you'll probably make less in BTC terms..
I sold at $10k during the fall last time but I remember being busy at the time so it was an easy move to make. I still held some funds in crypto but cashed out the rest and rebought around $6k. I don't think I'll get that lucky this time I do it and I'll probably aim for if the price reaches a few hundred thousand to start selling -- if it doesn't reach that far and it cashes I won't feel too bad.
I'd spend your time now trying to accumulate stuff before the run. If you wait for then you'll probably make less in BTC terms..
The 2016/17 bull run was just for about 9month and it hit around $20k, I never thought it will end so soon then,while I was still strategizing on how to get the best of it, the time was up, it was like a movie as it was sliding down gradually,hoping it will rise till today, the few project campaign I participate in then were just what payed me well, few of them dropped their token which I never touched till today because they have so much lost value, now as the bull run commences,let's say it runs for a year, how many project campaign do you plan to cover within the period?
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