My Plans/Sentiment in the NEXT Crypto Bull Cycle.
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It is no time to sell your favorite altcoins or BTC at the current price. The market has been seeing a dump approximately for +-(10-20) % dump for the last couple of days on a regular basis. This has been going on for a while. While it has been erasing traders from the market is a significant amount. Especially those who are trading with high leverages, they seem to be taking most of the hit. While spot traders are in for a ride. Short term profits or losses are being generated but upon considering long term gains all those hodling are in for a treat.
Best Bull Run
Crypto veterans are calling out several speculations regarding this bull run. Some are speculating this could be one of the best bull run so far ever to exist, till date! The reasons are institutional money are flowing in and ETF's being approved in some major countries. In addtion there has been rumors about funds coming into crypto which were sitting idle in banks. It includes pension money, savings and so on. Even though the risk factors are being calculated and if everything goes as planned we might see one of the biggest bull run till date.
Time to sell?
Not yet! As BTC is yet to show its full glory. We are not there yet! If everything goes as planned we are in for a treat. This might goes sideways, if we get to see the start of an epic drama. This includes a world disaster or probably a WORLD WAR type scenario. Which is sort of very unlikely atm. I am stacking my favorite coins and just waiting for the next coming weeks
HIVE
I will try to powerup HIVE. As a matter of fact, I will try it as many times as possible in the week. As this is going to be very very interesting in the coming days. As we have seen how HIVE can play a major part in our portfolio. Getting a chunk of HP in the pool is indeed intimidating. Also helps in the curation and not to mention a shout out to the community standard. Although, i would love to hold liquid HIVE just in case the price gets to see a spike. In addition I plan of buying back hive once the price settles down. As I can not get enough of HIVE :)
When to sell?
TBH this is something that nobody would be able to say it accurately. Also the market while pumping might as well give out some ridiculous amount of pumps. Which is why I have some initial pump where I will probably book some profits. For instance, I would take out some profits when BTC will probably hit a mile stone. Upon hitting that moment I would stack some stables converting few of my cryptos.
FOMO-FUD
After spending years in crypto, I have realized that market always acts upon its own. Invest in good coins (team, product, roadmap, utility etc) and just hold onto your targets. Once the market condition gets well, you will reach your target ;)
Although it is much easier to say than done. But when you get to see your portfolio going down it is very difficult to stay calm. Well, once you master that ability to stay calm in every other situation, you are in for a good ride my friend! Lets see what 2024 awaits for us! All the best to us all.
Best regards
Rehan
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