Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
Why you always risking your money when you can totally not spending that much and not to lose that much , if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits. Follow your guts and you will be safe also do not forget to search more about others plan.
Yes, I plan to reinvest the money, not in cryptocurrencies but another investment. I think many people fall into this trap when they invest or win a big sum of money, they really don’t have a plan on what to do with their money. You always need a plan or an exit strategy when it comes to investing.I know a few people who invest in cryptocurrencies and I tell them the same thing. Have a plan when you decide to sell your cryptocurrencies. You may want to pay off some bills or buy something nice for yourself.
Nothing beats out the feeling on cherishing up your wins or profits via means on buying off your wants and wishes back in the past when you dont actually have the money to buy on.
Exit strategy would really vary on peoples preference.Some do like to reinvest and diversify.Some do only just like to hold and save it up for future because they are currently
not on in need of something.