Quote from: panganib999 on Today at 08:39:08 PM

Quote from: romeareo on November 17, 2021, 01:24:27 AM

tldr;
I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious.

This bull run I accidentally made $650k and I likely invested around $15k here and there.

1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything.

So, I cashed out with BTC at near ATH few days back.

I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did.

"Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well."

I am not super happy though. If the bull run starts in the next few weeks and then extends over to the next 2 quarters and BTC reaches an ATH of around $200k to $250k per coin, I won't be able to forgive myself.
At the same time if I ride the wave all the way up and all the way down and lose 90% of the value in the bag, I won't be able to deal with that at all.

I just want the bear market to be here as soon as possible so I can buy lot of cheap BTC coins and then forget about everything for the next 3 years. 2025 will be my second and final Bull slaughter.

Right now 100% of the crypto I have is in stable coins.
My current strategy is to wait for the bear market to arrive.

The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024.
From the exact date of halvening I will convert my BTC into Altcoins and invest in every new coins that gets listed in Binance that year and other famous exchanges. I will also reserve 10% of the crypto for the fad of the summer i.e Similar to Defi, NFT, ICOs.

This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life.

The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run.
Some times I feel.. why should I do this? If I play my cards right.. I might 10x during this bull run and turn $650k into $7 M .. this way I can end the whole thing in the next 4 to 6 months. $7 Million is a lot of money.
But my gut tells me I can only 2x or 3x atmost and while 3xing my NW, I will slip into the bear territory and lose 90% of everything I have.

The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA.

I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action.

What do you guys think about my strategy? Huh

There’s no safe strat when all you’re really doing is timing the market. Even experts would agree that they couldn’t predict what the market will look like let alone how much higher bitcoin will get during certain parts of its timeline during bullrun, It’s a little weird even to assume that such a strat exists.

I say buy low sell high. DCA as much as you can and stock up on crypto and bitcoin as much as possible as early as you can. Worry about moving all your investments out when the dumping happens, until then, continue holding. That’s what worked for me thus far anyway.

Also use this forum as a treasure trove of information.

But, if you read all of my posts in this thread I was able to predict and time the market both the top and the bottom repeatedly. Again, and again.
i.e I sold at the top in November 2021. I bought BTC back at the bottom around $16k. I again sold BTC at the local top at around $29k a few months back.
Now, 2 days back I got back into crypto. Only the future will tell if me buying back in now is a good decision or not.

I have never DCAd. I go all in buying or selling.. usually over 1 day or 2 days max. This is what worked for me so far.

This is the forum I use to get a feel for the market sentiment. I make decisions based on that as well.