A quick hopium post between all the FTX posts for those that plan to hold through the entire bear market until the next bullrun.

Do you have a strategy to take profits? Some might underestimate how difficult it can be to sell in profits. The feelings you felt through the bear, the fear of missing out or the fear of it going far down are as real in the bullrun. Right now you might have the least biased opinion without the euphoric high waking up everyday to more green and bullish news.

last bullrun chart

https://preview.redd.it/7n5od5lzmt6a1.png?width=1915&format=png&auto=webp&s=c6a78f725ddf7adfa1613d1835855dd7431034b6

Check out the price movement starting from the 12th december in 2020 – just 2 years ago.Within a single month Bitcoin pumped +134% from ~$18,000 -> ~$40,000.But it wasn't consistent. It had strong pull backs in between partly sending it from 33k to 28k within one day. You would have to ignore those small bumps and ride the wave all up to a +134% ignoring gains and the volatility.

After the peak it fell -31% in less than 2 weeks from $42,000 back below $29,000. The fear would kick in that it might fall back even further especially when it's on bad news.

Yet it pumped after another +100% from the $29,000 level to $58,800 in 3 weeks.If you held from the first point on the chart until now you would be up +226% in 71 days on just Bitcoin. If you hold Alt Coins chances are high it would've been even more volatility.

The point is the more you accumulate right now at lower prices the higher the volatility will shake up your unrealized profits. This can become really stressfull especially if you are heavily invested.

I personally experienced a time and volatility where my bag & networth partly jumped an average pay check within a single day – up & down. It is insanely difficulty to hold through these times and not feel anything or look at the chart 24/7. Therefore I highly recommend planing ahead.

But how do I plan taking profits?

First of all it's important to understand that profits are profits. There is never something wrong with taking profits and realizing gains. You can always buy back another day Crypto won't be gone after you sell. Take a break after selling and create a new plan to not FOMO back in.

make yourself a plan in general to cash out!

There are multiple ways. As example you can set yourself a specific price goal you would start selling such as $69,420 or $42,069 and then proceed to sell every week or month similar as you DCA. Sometimes it sucks to have sold your entire holdings and watch the chart go parabolic but it could've went the opposite as well and dump heavily.

But at the end of the day I can't tell you how to make the best profit possible – nobody can. It all comes down to your goals, your investment amount and how much you believe in crypto to maybe even hold through the entire bullrun similar as the bear market. But if you haven't thought about it yet at all I really recommend starting to make a plan.

The bullrun is not close yet but nothing is guaranteed in life. If the US decides out of nowhere ( for whatever reason ) to declare Bitcoin an official currency today you can take a guess what would happen to the price within hours.