It looks like the bull run has been confirmed and when prices continuously rise it won't be a straight 45-degree angle to the right, it will ebb and flow, and you will have ups and downs along the way. The bull market is the idiot's guide to getting rich in crypto, all you do is lock in your significant positions during the boring times like we had for 3-4 years and then price in smaller positions all the way up during the ball run and then take profits.
In a bull run, everyone makes money on paper, the ones who make money at the end are the ones that know when to take profits. FOMO is a huge component of any bull run and why you will see crazy volatility going forward.
The 15 - 30% pullback is nothing
I always refer to the run up to $20 000 as a benchmark for runs and thanks to @coingecko for the data. If we look at the last run to 20k, we saw BTC pull back six times at a scale of between 15% - 30%, and it continued to rise. These false bottoms often freak out the market and shake out weak hands all the way to the top, and in turn pay HODL'rs to stick to their guns.
HODLing is never easy, I get the emotions behind it and the FUD and the shilling, you need to be impervious to a lot of things, everyone trying to scam you out of gains, but if you learn to HODL, watch the market and find profitable exit points, you'll do very well.
Look no one knows where the top is, and it's going to be hard to sell at the top, but near the top should be more than enough should you have set your positions early on and did your research. Catching the upside with BTC will be easy but relatively small compared to the upside in certain alts so it may be good to put in smaller positions just to be able to take advantage of that satoshi arbitrage as new investors come in looking for "cheap" coins and falling for the good old unit bias.
Missing profits is not the end of the world
Take it from me, someone who HODL'd all the way down and DCA'd either way and still made a 46% gain on my nominal fiat value, this game will hurt, but it won't kill you. Many of you will lose during your HODL'ing because you'll want to buy in on the run and sell when you see it lose, you need to learn to go against these trends if you want to make the most of your HODL'ing.
I've prepared for four years now with my HODL strategy, and if I don't make major profits, I won't be too mad, but I think I am better equipped this time around to know where to exit.
Also, with the launch of stable coins both backed and algorithmic, it's an easy way to shift profits and then shift them back once things correct. Just don't hold in fiat for too long, even if it's digital.
Have your say
What do you good people of HIVE think? Are you ready for the bull run? What will your strategy be?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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