A lot of people ruined their last bull market. How did they do this? They failed to put money where they should have, then they realized too late and then hurried to put money where they shouldn't, when they realized this mistake, they go ahead to pull out too early, thinking the bull run was over, then ending up pulling too late at the end because of wrongly adjudicating or predicting the peak of the market.
The bull market peaks probably for a few weeks and the momentum lasts for a few months, and any decisions made in that period will end up deciding how your "four years" of bear market might be. For the people who made the right choice, they're immune to the bear market and in fact, reinvesting their lots again.
Now, one mistake of a person who previously made a mistake is trying to make sure they don't repeat the same mistakes, but believe me, people make mistakes again and again because they're so bent on fixing what went bad, they can't fix their plans, their mindset, selecting a different approach, looking at the reasons why they previously failed and all that. But this isn't a lecture, we humans, we sometimes know what is right on paper, but we just can't enact them in reality.
Missing opportunities is the nightmare of every crypto enthusiast, but in the heat of the moment, it's always difficult to even know that you're making a wrong call. People learn lessons when their emotions are stable, this is because it's practically impossible to learn when you're irrational. What makes one irrational? The fear of repeating the same mistakes. On the brighter side, no one can actually predict the market; when it falls, when it peaks, when it chooses to moon, the right time to trade, when to make those short witty moves.
What I tell people is to aim for 60 to 70% profit, anyone who aims for higher might get it, but chances are, you might get your timing wrong. It's like playing snake and ladder. No profit is too small, most people I know don't regret taking smaller profit, they only regret being greedy when they should have been sensible. It's life. Sometimes we cannot blame people for wanting perfection.
We don't know their background, they might be breadwinners, needing money for chronic illness treatment, wanting to permanently exit poverty and so many reasons, even when people choose to be greedy, they still have their reasons. The market does not respect anyone's background or backstory, so irrespective of where you are coming from, you can only do what the market demands: study, learn, understand, and make a move wanting to fix problems that caused so much pain, can lead to even more pain. Life makes it difficult to let go, and sometimes we make moves to avenge, restore, and correct.
When we should only carry the lessons of our previous disappointments and let them help determine our next move. Sure, we spend the bear market ruminating and putting things in place, but I've discovered that a few months into the bull market, people slip up, buy into irrelevant coins and projects, and abandon their original plans, that have been set for years. I don't blame people when they miss out, I just feel the reason they did must've been overwhelming. You might be reading and thinking "Oh this certainly can't be me", but the market can do anyone dirty, whether you're a guru, an influencer, or even despite your years of experiencing a diverse bear market.
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Why i earn l so much in the last bull market was because I took out profits and directed the money into hbd, but some of my friends were reinvesting their profits at the top of the market. We have so many reasons why people make mistakes, but if we can avoid those mistakes and take out reasonable profits, we should be good. I believe no profit is too small sometimes It's not all about the profit you can make it's about what you can do with it.
How are you doing today brother?
Directing money into HBD is an amazing way to secure the next 4 years. A lot of people have diverse plans and ambitions, but I believe keeping it simple and not too complicated is one way to go. We will see what happens in the next few months.
I'm alive, and for this, I thank God still.
thank God bro, let see how everything will go in the next couple of months, btc already at 58k
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Its been some time since I check the price of Hive, probably because its not moving drastically, in the last two months the lower it went was about $0.28 and we are at $0.33 so it doesn't bother that much but I did change my plans to get to 25k HP, I was set on only Hive but then came INLEO with their staking program a 22% reward for delegating when I only get about 12% with usual curating and its been paid on LEO, its a good +10% although I change plans so I wonder if it was the right decision because no matter if its more profitable or not the fact is that I change my plans, I dont want to fall in to the game of chasing profits and keep changing plans, it becomes confusing some times 😅
We're now at that stage of the market where you can't even afford to change plans anymore. Last bull market this was exactly the situation but hive still soared to $3
I planned to buy some decent portion of hive too, but I lost my brother and then started getting multiple diagnosis into my chronic illness, and began spending money on doctors and tests and medicine, so. I'm looking up to Jesus now.
I think you should do what's best or just buy a little bit of here and there, but keep your core plan in place
Trying to get the top is extremely hard. You are definitely right to take profits when the target reaches a point that is right. Trying to get the top and bottoms is probably a recipe for disaster because you can't know when that is.
People wilwill still target the top. Greed is one thing, although it's not overly bad, but one has to be careful
I've been enjoying watching my BTC go up and up! One must invest early and stay the course when the run comes and be ready to take some profits along the way!
How are you doing today?
Ahhh you have BTC, I don't have any, and if I do, I'll be changing or converting some of them to hive already. I'm still expecting alt season to hit big, but it might take many months.
Ever since ordinals became a thing it's become expensive to move BTC around, I'll have to look at the current gas fees
That's considerable. Well it's very easy to move it here.
I still haven't had time to check the gas fees, they must have come down if it's easy to sell there.
Market psychology is a very underrated topic. You can be the best strategist and still lose out because you don’t have your psychology straight. A good psychology is what will make you discipline, force you to adhere to your take profits and stop losses, and prevent you from buying into whatever is currently mooning.
I think when it comes to money, even the best strategists tends to fail you know. Sometimes it's just making plans and not being able to stick to these plans. The sphere is a sneaky place, anyone can just get unlucky
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There are so many mistakes people make during the bull run and the saddest one is investing in a meme coin and you think you’d get time four of your money but otherwise
That one alone is true
I missed by investing in the wrong market....can't wait for the next phase..
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Even the best plans can falter if the individual isn't disciplined enough to stick with it or allows market sentiment to override the plan. Sometimes, we pivot too late and end up losing on both fronts. I think sometimes we may need to adjust the plan but the right timing to do that is always tricky.
At this time the market has gone up a lot and if our investments are down and we have bought at low prices then this is the time to take profit but some more things we have to keep in our mind this time ETFs are approved. If so, this time Bitcoin may break its all-time high before the halving.