Say you produce a good and you sell it for 100 USD the unit. You have a complete infrastructure, machinery, workers, and all the costs you can imagine. You are in the business, so selling this good for 100 USD pays all your expenses leaving a profit. Now imagine that every 4 years you must reduce the price per unit 50%. You now have the same costs to produce the good + a projection of inflation for the next 4 years but you get half the money. What would you do? Increasing the good price to sustain your profit and maybe adding some value to face the next 4 years of inflation sounds like a good plan.

Once ppl realizes about this behavior, they can make money getting your product previous to the price rise + toying with the assets. Speculation starts and your prices are pumped beyond what you projected for the next 4 years.

It's pretty straightforward. Take a look at the historical graphics.  It is impossible to ignore this pattern ...

We are just going through the slow entry to a bear market. Same arguments and hopes I saw in 2014 and 2018 ...

If 65K was the top then we will most likely see 10K or even less at some point before the next recovery and ATH.

Can someone explain how do you get into this ICO?

I truly think we are slowly going into Bear season. As always, the bull-bear transition will not be clear and lots of indicators will point to a re-flourish of the Bull market. This is how these transitions work: if people could know for sure the rising is over, then everybody would sell. I started converting some BTC to stable when we first hit 45K and kept doing so from 45 to 62K. Right now I am mostly in FIAT waiting for the prices to go down. Just as I started selling my crypto at a point and followed a plan, I will start rebuying crypto from 35K and down. I expect to buy most of my crypto between 10 and 15K. Last weekend CMC reported 1T less market cap in relation to the moment in which I saw the highest MC ever, which was 2.4T. Now it's kind of unclear b/c Elon is our friend, Goldman Sachs is embracing crypto as an asset and Dalio is vouching for Bitcoin. This last weekend, however, the massive drop and the end of the bull was way more obvious. We will see, nobody knows for sure but my guts tell me we will re-discuss this a few times more with bitcoin at lower positions until we finally accept that this bull run is done.

The good news is that we have some cheap coins coming

That graphic looks a lot like daily BTC inverted 

I use Blockfolio to keep track of my portfolio and Bitcoin Ticker Widget to set alerts up

So far we are experiencing a 15ish% correction. No big deal, this one was coming. According to CM, the complete crypto reported MC lost around 0.3T.
Two outcomes: 1) it does not break 50K and starts building up again, 2) it goes to 40-45K ranges and makes a deeper correction. Personally, I do not see a 40/50 correction happening yet. I handle these dips such as I handle the pumps. FIAT to Exchange, buy at certain points while it's going down until my money is out or the whole thing changes directions and starts recovering. HODL. Ofc for this you have to see this shitstorm coming and sell some coins before the dip starts.

I don't like the word "investment" related to Bitcoin and other cryptos in general. Unless you know how the cycles of Bitcoin work and you are fully aware of how your money can take up to 5 years to start making more money, the word "investment" is vicious. We all know that Bitcoin is high now. Is it going to go higher? Nobody knows. But we do know that at a certain point we will see a huge correction and Bitcoin may drop to 50/60% of its highest value.

People willing to "invest" money usually expect to have returns in the short term. They can handle 6/12 months of ROI, but can they wait until 2025? So you probably can explain to your relative that in 2013 many people bought Bitcoin at 1800 USD and then watched it dump to 300. Also how many people got on board in 2018 at 19000 USD to see it go to 3000 USD in a couple of months.

Those who were able to hold their coins probably made really good money. Is your relative willing to take that risk? 

Elon Musk, Bill Gates, Janet Yellen, the Tether drama by NYAG. You can keep seeking for coincidences. Truth is that the price skyrocketed to 58K and, as always, a correction was expected. Is this the one that will close the bull season? The next few days will tell. Meanwhile, if you made a profit with the Dec/Feb raise, take some.

yeap, that's FUD ;P

We all knew that at some point Bitcoin was going to pass the last ATH and go higher. The reason why we all knew this is that Bitcoin followed this pattern in the past, some time (~1 year) after halvings. We also know how all those new ATH in the past ended up. I don't see why this time it could be different. Corporate money coming in does not explain the way Bitcoin and the Alts are behaving. Whales are still doing their thing and, as usual, will pump the whole market until an irrational point and then burst the bubble. To me, it's just a matter of when. While I see it happening, I take profit transforming the little numbers on the screen to some FIAT (I don't mean USDT on Exchanges, I mean those funny green papers). Will I sell all my coins? No fucking way. But I will sell some as I see it goes up and up. I just know it's gonna bounce and it will go above most of my exit points. The good news is that, if I am wrong I still have a lot of coins to be happy about it

These drops happen in a way people will not run to sell massively. I always think of the "frog not panicking in water gradually getting hotter and hotter until it boils" analogy. The Bitcoin price behaves like that: it goes down a lot, you feel the heat, then it goes up a little so you think "oh, it might be a correction and then we go to 50k", then it drops a bit more, and so on and so forth. You get the point ...

To me what matters is that these skyrocketing prices are always lead by whales pumping to get others onboard per FOMO, and then selling high. We don't have that much money nor know when they will decide to sell and take profit. All we can do is to take some profits while we see it going up. Time will tell if this huge drop was just a correction on the shortly coming way to new ATH or the highest point we will see for some years ...

This was precisely what my OP said. Set exit points such as 35, 36, 37, 38, 39, 40, and sell some BTCs to take profit. You can buy cheaper when the corrections occur or just convert to FIAT and cash out. Corrections will happen. Even if you think it's gonna hit 100K, it will correct a couple of times until your target. It's not about selling all your coins, it's about programming little sells that will most likely let you get back in cheaper.

Not if Bitcoin drops to 30K next week ...

I disagree re: my post being FUD. I am just saying, "program exits as the price goes up b/c history shows that Newton's law applies to BTC as well". It's not that hard to grasp; I am not saying sell all your coins; it's gonna crash! What I say is, ok, it's skyrocketing, and we all know a hard correction will come at the end, so if you have 10 BTC, it might be clever to sell 0.5 at 40K, 0.5 at 45K, and so forth.

I don't advise selling everything. You gotta do it in a way that will be positive for you on both outcomes: if BTC drops to 25K (something very plausible), you will have FIAT on the Exchange to get back in and probably double your BTCs. If instead, it goes to 250K, you still have some BTCs and made some USD. 

I guess this does not apply to those hodling until the year 2030. But for those that cash out coins on a regular basis like me (I own a crypto-related project funded with crypto) to setup take profit points is what allows me to have some fun and earnings while whales make the big money.

I am and it had some neat results in the past when I timed it and got out following a scheme until it all crashed. If you think I did not buy more Bitcoin once the whole thing went to the floor and I had USD from those sells into the Exchange you just don't get my point at all. I am not predicting when it will burst, just telling that it will.

I would not compare BTC with TESLA man. I am not into TESLA details but you do see that EV are the future and Musk seems to have one or two innovative products on that market. On the other hand, Bitcoin is just a medium to store value that performs really badly in terms of its costs, decentralization, and scalability. If you take a look at Bitcoin history, its price is mostly stable with the exception of these massive P&Ds that usually come some time after halvings. And every time ppl thinks "This might be the one that's different".

It's going to go up until a certain point and it will then do a massive correction. If I am wrong and it hits the 400K I will be a very happy man. I am never selling all my coins, I just set some exit points and sell portions as I see the price goes up.   

I never said ppl should sell now. All I say is: set exit points at some numbers and anticipate the correction (not talking about the small ones, but the big one, when the bubble bursts). Do you believe that it's gonna make it to 100K? Then set your exit points according to that. Re: me not being a Hodler, I never said I was. I get paid in crypto and do have most of my savings in crypto as well. Don't know about what's the HODLERS bible.

Been here since 2013 and I already saw this happening at least twice (2014, 2018). The price skyrockets, predictions are crazy, companies get in, adoption seems to get boosted, and many other things we are experiencing now. Then, one day the price goes down. From 1200 to 200 (2014), from 20000 to 3900 (2018). I know we all want this time to be different, but I truly think it's going to be the same.

Be Smart. Define points to sell and transform the numbers on your wallet on FIAT. Chances are you will see it crash and go much lower than your exits. If you are a holder, then this will allow you to buy cheaper.

Those are my two cents ...