Take the Profits - Buy the Dip - Eat, Sleep, Learn, Repeat
I am not too good with the first one, though. Whenever I take profits from a certain coin, it mostly continues its path to the moon and all I want to do is jump back in the ship. Sometimes you have to wait a bit and be grateful for the profits because jumping back and buying higher than you sold is not how you increase your wealth. I read a great quote somewhere regarding the coins you sell but I can't find it now. It sounds like this:
Think about the coins you sell like your ex. Why do you want to know how she/he is doing?
Go on and enjoy the show while it lasts!
If this bull-market is to continue for at least a few months, buying the dip and profiting from it should be included in your daily routine. If you're not interested in trading, you must have strong hands and hold your coins until they give you enough profit to take some of it. What is considered enough? I guess it depends on your strategy and the coin itself. For Bitcoin, many are saying it could reach $100K before the winter.
Personally, I'm not sure when the bull market will end. I love waking up to a green portfolio with coins rocking hard all over the place but one day, the bear market will start. With guys like Elon Musk pushing crypto further than it has ever been, the bull market could reach the end faster than expected. But it could also go much higher than expected.
I don't like to speculate. I love to read and I love charts. Especially, when someone explains them to me. That's why I read this great article about Bitcoin HODL wave chart. It was really educational and concluded with the author saying:
Let the bull rage on.
Meaning - there's still time to stack your coins and multiply them at least a couple of times. That's, of course, if you choose the right coins. Or choose any coin because in the real bull-market, even a shit-coin pumps. Look at Tron and how high it is. It's silly. Stupid money is incoming. Smart money is slowly starting to take profits.
I also looked at the video from this guy and learned a new chart called Bitcoin Log Growth Curves. They seemed pretty legit. To sum up, the author is giving us two possible scenarios but either way, he says that from this day, the bull market will continue for a maximum of 6 months and BTC top will be about $100K. Then the market will turn into a bear.
https://www.youtube.com/watch?v=SafNAVXR-h8&ab_channel=CryptoCrewUniversity
Conclusion
When there's a top, nobody will give you signals, they will take profits. Either way, I'm pretty optimistic that we are about to experience the greatest bull run in crypto history. Even if it lasts for only the next few months, we are safe for a few weeks. Buy the dip if you have some spare fiat, take profits, and buy the dip again. One day, you will have to stop buying the dip because it will become a falling knife.
Peace. Boi.
Thank you for reading!
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