Everyone is so excited about the bull run because we hope to make some profit. But I just want to say that this bull run will not be the best bull in the Bitcoin circle. There are still better days ahead, so we shouldn't just plan for this present profit without preparing for the future. Let me group Bitcoiners in this bull run thus:
1- Long term hodlers
2- Medium term hodlers
3-Traders
1. Some of these long-term hodlers don't have any plans to sell. Some of these are selling just a fraction of their Bitcoin for personal reasons. These set of people are more concerned about the future price of Bitcoin. They believe that there will always be a new ATH in several future bull runs
2- These sets of bitcoins are always targeting to make a profit every four years. Some of them use the DCA strategy to buy for four years and they sell during bull runs. After selling they can use the funds to invest or solve a need and will start DCAing for another four years.
3- Traders are people who target to make a profit from Bitcoin within a short period.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
All of the above stated are good approach to Bitcoin investment and profit targets, what we should look at now is that which can be tailored to fit our style and pocket as the case maybe. If you can recognize that which fits you the most and makes you profitable without having to stress so much, then you can make a pick off it and then proceed to plying that path of investment and making profit from Bitcoin nevertheless don't forget to always make sure to properly manage your risk so you don't get caught up at any point.
