This being my second cycle (I "discovered" crypto in January 2021), I'm confused by the sentiment of fear surrounding a predictable cycle correction. There are so many clichés with crypto, that ring true: "Time in market, beats timing the market", "Don't catch falling knives", "DCA in, DCA out", "Don't invest more than your willing to lose" and the list goes on. This cycle is acting very similar to the last one, and even had the implied missing ALT season, if you were lucky (good) enough to catch the right ones. As any asset matures, the peaks and valleys become less pronounced.
Historically Bitcoin peaks 13 - 18 months post halving. That's been the case for the past 3 cycles. Meaning, if halving was April 2024 (it was), then the cycle top should be anywhere between May and October 2025.
Of course, to throw in another cliché, no one knows shit about fuck. But if there's one thing that I learned from the first cycle, take your profits and don't get caught holding the bag. Unless you're planning to long term hodl, in which case corrections are irrelevant. I spent the previous bear market, researching, watching charts, learning and accumulating. The bull is fun, but the bear is where you make money. Because anything is still possible, there still may be another leg up, and if so, I hope your bags overflow.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments