Post
Topic
Board Bitcoin Discussion
Re: Lessons Taken from Previous Bull Markets: How Will Your Approach Change?
by
Lida93
on 24/08/2023, 19:39:40 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.

Expectantly there's another bull just ne the corner and it's thoughtful to have prior plan on how and what to do.

After the bull run take place and profit made it won't sound like a wrong idea to cash out the profit and use it to invest into other real life business. The essence of the waiting and HODLing was to gain and take profit anyway. Or

Convert your total bitcoin to a stable currency like usdt and wait for when the bull run elapses and bear market takes over to an appreciable price comfortable to you then buy and hold again for another four year bull run. (I think this will work fine for long term investors if they could have the enduring discipline to hold the usdt conversion till when the market go bearish as expected.). Lol.

I just have to stick to my strategy in as much as it's still working out so well for me, why the change of strategy when that which you have is giving you the expected results. If what you doing is working then it's expedient the right decision is to keep a cool head.