2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.
Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
Any advice on how to prepare when it comes to being ready to take profit?
You can check it from how the money flow is going. normally investors first invest in bitcoins. So the bitcoins will be pump. They will take profits after some time. Then they will invest that most profits into alt coins. so alt coins will be pump. My advice is always take the profits from alt coin in every bull market. Because after some time most of the alt coins will be dead.
Yes, money often moves from bitcoin to altcoins or vice versa. But to a large extent the price is manipulated by exchanges, which pump up the coins to sell at high prices. In this market, everything depends on stablecoins. The more stablecoins are printed, the faster the prices of different coins rise.