Post
Topic
Board Bitcoin Discussion
Re: Lessons Taken from Previous Bull Markets: How Will Your Approach Change?
by
salad daging
on 24/08/2023, 19:24:13 UTC
Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
Yeah not going to sell too fast longer keep it better for bitcoin, I'm not thinking of that plan because this year is still in the bearish phase if it's sold then of course it's still a loss.
The plan that is still being carried out is DCA which is still being done this is an accumulation to accumulate as much bitcoin as possible at an average price for me this is the best way to do it than other ways 'maybe other people are different' but I still DCA strategy is much better to maintain.

To deal with risk, don't sell too quickly, if you continue to hold it, it will be less risky.
Not taking research too seriously or looking at charts will make us more uneasy just like you said be calm in any situation.

Another question is how do you not sell in the current cycle? Will you be able to sell in the next cycle, say 2028 or 2029? Much stronger isn't it.