Post
Topic
Board Bitcoin Discussion
Re: Lessons Taken from Previous Bull Markets: How Will Your Approach Change?
by
Stellarcast
on 24/08/2023, 17:49:50 UTC
The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.

Two lessons i learned from the last bull market that i think are worth sharing.

1. Don't sell too early
2. Selling some and buying more at a lower price is not a bad idea.


This. I fully agree with this, I had quite a bit of crypto back when the price shot past 60k and yet I held on to all of it, being greedy and thinking it would just be an uphill, slow and steady climb where I can set the coins aside and check back again in years. Before I knew it the price crashed and I sold a few, invested in a few sites and apps that would turn out to be bad decisions due to unforeseen fees, and I'm sure I have even forgot where some of them when to. Got into ETH too and I still have some which were used for staking back then, but now the gas fees are ridiculous at around $100USD for even a single transaction.

If you've made some reasonable profit, why not sell some of it and reap the rewards?