What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.
1. The top is lower than the target price typically voiced by people. Last time it was $100k, in 2017 people thought that $20k is only the beginning
2. The top is very short-lived, it only lasts for a few hours or a day.
3. The market moves in large steps, be it up or down. It's not going to move gradually, so you need to be ready to react fast.
4. Every sudden price can be the final act of the bull run after which will come the big crash and bear market. But it's impossible to tell a correction from a crash until weeks or months after. In the last market the price crashed from $60k to $30k, which seemed like the end of the bull run, but then it rose back to above $60k, but it didn't last long and the final crash came.