I was thinking about a funny scenario yesterday.
designed on canva
What If the bull run is over? Bitcoin reached its all-time high! and what is happening is retracement that will lead us directly into the bear season.
I bet this would affect a lot of investors and they would feel so disappointed, what kind of bull run is that? lol
It was just a thought, Bull run is here and can't be over until Bitcoin Halving, so there is no panic for any retracement that happens now.
Mostly meme coins pumped hard at the beginning of this BTC craze but now they have also started dipping badly since Bitcoin touched an all-time high which made me realize something.
When the bear starts, the meme coins will be the first to drop so badly the same way they pumped hard, hence we must be cautious while investing in them and not be too greedy not to book profit when they pumped hard.
I made a silly mistake in the last bull run, I got a coin from Airdrop and they pumped it to 12k dollars but I was greedy and hoping for those coins to touch 100,000 dollars and just in the middle of it, Bitcoin crashed and some of this coins follow the trend and never came up again, That was how I lost that huge amount of money and since then, I have made up my mind never to have too much hope on a project and book profit whenever I deem it necessary.
The same advice goes to y'all, it is okay to fall in love with a project and want to ride it to the end but there is no end, learn to take some profit so you won't feel bad when everything crashes during bear.
If this is going to be your first time to witness a bull run, do not be too greedy and do not sell in haste too cos it can be painful if you sell and the coins are pumped so hard. The right thing to do is to sell at a price you are happy with and don't look back...
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I want to sell some hive at $2 , but I think the bull will be over and hive can't be reaching there 😞
who knows? Hive is still a sleeping giant, we need the koreans to wake it up but do not put al your egg on hive, you can diversify and wait for hive pump
I think managing our emotions, especially greed is necessary to make the best out of the bull season. Market prices will not continue to rise forever, at some point, they will come down again. The aim is to book profits and prepare for the bear season that'll come later.
yea you got the point
I love your last statement. Sell at a price you are happy with and do not look back. Yes oo. You see in this crypto world, greediness will surely occur making people lose out on opportunities but the best is to sell at a reasonable price you haven't sold before, be happy and keep going. Looking back could make one feel sad, but of course, crypto is unpredictable.
This is a lot of money and in today's money it could easily be above 15m in Naira. Like you said one should be wiser in today's market
@tipu curate
Upvoted 👌 (Mana: 65/75) Liquid rewards.
yea, unfortunately no one can really tell which project will rug and which one will survive, some of my friends got an airdrop that later worth 50 million naira but they all sold early.
You have said it all here. Thanks so much for the word of advice. Meanwhile that 12k will be a lot of pain even till this moment.
it does not hurt anymore, infact the pain left barely a month after I made times 3 of it
Happy token sales season
I am glad that finally it is happening.
Thank you for these wise words
Regards
you welcome man
I have only a little knowledge about crypto and based on my understanding I feel we should not fall in love with any project. We should fall in love with profit and booking profit is very important which most of new traders miss because of expecting huge profit or their greediness.
yea that s just it, because we don't know when the project will say goodbye, online investment is risky so we must learn to book profit at all time, but we should also learn to be patient to maximize our gains, just keep a little for the unexpected but book your profit
Some people are very greedy that they don’t want to take profit
They want the price to rise like werey😂😂
lol that is human nature
Well you can never know🤣.
At times I say I will take profit the next time this and that happens but you just end up holding on cause you want the coin to go much higher so you get more money.
Mehn, missing out on the 12k dollars is so painful. Am sure you’re still hurting up until now.
Taking profit will be a good idea for people who bought under 69k; remember there are people who always buy the top and those people might have held on for 2 years plus hoping that price goes higher.
Well I hope for 70k or more before we see another crash.
Why will you buy coins when it's bull market? Anyways there's nothing to worry about for now because that coin is going to 120k meanwhile the crash isn't now. We are even yet to enter Bitcoin halving.
Good luck to everyone and remember me when you get this money.
Plus why are you mentioning my name
To me there is nothing wrong with buying the top. Just that you'll have to wait longer to see profits. Like those who bought btc at 69k in 2021 only saw profit after about 2 and so years. There are people who will always fomo even if you are an experienced trader lol.
Hey hey my friend
You are right.
we have people that buy atl and we have people that buy ath, the issue is no one knows the ath or atl
Good luck to everyone and remember me when you get this money.lol
nah I am no longer hurt cos I made triple the 12k barely a month after
If you see any meme coin like that abeg dey update me 🥴
There are many meme coins out there now and no one knows which one will do well so it is okay to risk what you can afford to lose.. people have been talking about WEN and COQ, maybe these two can do more wonders.