Quote from: Altcoinsintel on May 10, 2021, 06:02:24 PM

Quote from: efreeti on May 10, 2021, 05:49:08 PM

Quote from: Altcoinsintel on May 10, 2021, 04:39:24 PM

Quote from: efreeti on May 10, 2021, 04:21:59 PM

Quote from: Altcoinsintel on May 10, 2021, 01:42:41 PM

Was great and May still hasn't finished. But there is danger and when remembering the previous bull run and how it ended, it was with a massive sell off and some news coming from Japan about MtGox and that trustee that was ready to dump 100k BTC. Of course this was probably a second reason, with the first one being hodlers offloading their Bitcoins and making millions after holding for three to five years.
Now, it is not going to be different either, it is Bitcoin reaching to a 40% dominance which is a critical level and altcoins rising way too much in all 2021. I expect a huge crash very soon, maybe by this or the next month and a change of the trend.

All the talks about seasons is senseless. Are you going to sell everything because you believe there is a season? I also think that a strong correction in the market is more than due, but frankly speaking how often in the past did we get surprised by the market?

It is hard to tell when the correction might happen, but once it happens it's probably going to be rough and fast.

A reasonable investment strategy is for sure to not be fully invested all the time.

I'm not talking about a correction but a two year bear market. I've been selling all the way up. I just haven't sold everything yet, but will certainly do that. Maybe instead of calling me sensless you should research how this market works.
Unless you think this time is different.

I haven't attacked you personally at all. I don't go ad hominem. I am just saying that if there was such a thing as season that traders then everyone would try to do the exact same thing, which is selling you believe the season starts to end. Now everyone in it could try to front run the others. We have also seen how short sellers got literally destroyed because some rich guy waits around the corner and fires a bullet against short selling by shoving in hundreds of million into Bitcoin.

You did that very well selling all the way up. That is a strategy which sometimes doesn't feel the best because it feels like missing out on even more gains, but it is the exact right action to take! I concur with you on that one. What I would not do is to divest my whole portfolio. I'd keep at least a little bit, but that's the only aspect where we differ.

It often feels I missed on bigger gains. I made some mistakes in the way up and sold too early a few coins, like Ethereum. You are longer in this than me, and did better so I can't challenge you in it. I am still learning how to manage with everything, and certainly I feel that I missed at least three or four times more profit.

Having a strategy can be very key. Set check points in your mind where you are willing to sell a few percent of your holdings. Having several check points is important. If you only have one and the price gets there you'll again don't know what to do if the momentum still seems to be there.

Selling all the way up is the right way to go about unless you can go completely nuts and either afford to go thousands of percents without selling or losing it all.
It is harder for those who can't play around with very much. They feel like they have to sell quite early or otherwise they'd be dumb if they miss out because it falls again.

The rich become richer in this market because they don't care. $50 million in the bank account and $30 million in crypto, who cares if crypto drops to $10 million. That is so different for smaller investors.