Lessons Taken from Previous Bull Markets: How Will Your Approach Change?

[serjent05]

That is why while holding a Bitcoin, you will learn how to control your emotions. Experience is really the best teacher because it will teach you. We were also the same with them before because of our emotions, but because of our experience, we kind of don't panic right now. We can't really blame them, but I do suggest feeling their stress because that's where they will learn. They will research and understand more about Bitcoin.

Once a holder has trust in the Bitcoin market, he will develop a resistance to panic sell.  Since he is knowledgeable about the Bitcoin market and its cycle, he knows that the Bitcoin price dump will eventually recover just like what happened in the previous 4-year cycles.  So the person will have patience in waiting for the Bitcoin market to recover and will not sell their holdings due to FUD and price dump.  The believer will always wait for their targeted price to be met be then cash out for profit.

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[Oluwa-btc]

Well, Here are a couple few I can share.

Some Newbies or even old timers are stupid, for they always consider the Bull Market to be a time for them to be rich. Time without number it has been sang like a song that the Cryptocurrency Industry shouldn't be considered a a place to get rich quick schemes.
Doing so Newbies and quickies ends up getting over expectant. They end up also losing what they have in other to accumulate too much Satoshi's

Greed has led to the down fall of some who are too daft to capitalize on the profits they have. Hoping for too much and not getting that hurts. Just the way we do it when it comes to gambling, daily four odds would add more to your pocket than expecting too much from a million dollar ticket. Get to accumulate the little profits you see.

That Said, In terms of Crypto Currencies to invest, I'd suggest just Bitcoin, Transparent as it defeats everything that has to do with Inflation during fiat currencies financial worries. Both retirements and generational wealth can be stacked and stored in using Bitcoin.
Great Topic Op! As you read, do well to filter from what you read and wait patiently for the Bull. Most Bitcoin Maximalist practices the strategy of HOLDING them Bitcoin for a much longer periods than any.

Edit: Avoid Exchnages and don't keep large number of Bitcoin with Centralized Exchnages... Look back has always been a good guide for the future. We've always seen one of them failing during the Bull market.

[Blitzboy]

Best strategy for the bull run, is to accumulate your bitcoin using DCA method and also take advantage if the price of bitcoin when it dips to buy a good amount. Just like the price presently,if one can buy a reason amount of bitcoin during this period and hodli till the next bull run. Knowing the time to sell at the bull run is easy so that you don't go and wait till the bull run is over because you want high profit. Have a price target that when bitcoin reaches that price you can sell the some portion and hodli the rest. If you also think that you are smart,you can sell off all your coins and keep the profit. Use the capital to buy again in the bearish market. Hodli is the only way to make profit at the bull run.

Basically the purpose of investing is to expect profit, regardless of the timeframe. Of course buying at low prices and selling at high prices is to be expected, but some adjustments to the strategy also need to be made due to market volatility. Including accumulation, of course it's fine as long as you have a budget, but you don't have to force it if you don't have one.

Other than to profit, it can also be use as a hedge to inflation so that we can retain the value of our money. There are different types of investors, some are short-term, some are mid-term, and the last one is long-term, so time frame does matter here or can vary depending on what type of investor you are. Buying at lows and selling at highs are the basics of investing but there also some who buys at high and then sell at an even higher price.

Volatility is a standard/common factor of the market but it was the unexpected events like the news and economic issues are the ones where we need adjust the most. That's right, investing is only optional so there is no need to pressure or force ourselves to buy if we don't have a money as it can only lead to trouble.

Bitcoin is beneficial beyond producing money. Agreed. In places where the currency is depreciating swiftly, it's an unbeatable inflation hedge. However, categorizing purchasers by market tenure may be too easy. In crypto-investing, the "why" may be more significant than the "when".

Buying low and selling high is crucial, but trading is more than that. Beyond what you indicated, the "buy high, sell high" strategy involves risks but benefits. Oh, volatility! A unreliable market partner. However, crypto community behaviors frequently set the rhythm, not only news or economic developments. You should only spend when ready. Eagerness causes a severe hangover when you don't have money.

[jaberwock]

No matter what I write today, I'll likely forget it when I see those huge gains so having hold over emotions is probably the first thing one has to learn.

That is definitely the way you should approach it and it is a smart way of doing it as well. I know that a lot of people do not consider it that way but they should and that's how it will continue to improve. I think it should be important to know the difference and it should be very important to keep it going as well. I know that people are not doing any mistakes any time soon, but they should reconsider that option.

It's a smart way of doing business and I would say that it will definitely make you profit on the long term as well. It's a tough thing to be able to wait that long, not everyone can do it, but as long as you can do it then you are going to make a profit from it without a doubt for sure, it is just how it is.

[libert19]

No matter what I write today, I'll likely forget it when I see those huge gains so having hold over emotions is probably the first thing one has to learn.

That is definitely the way you should approach it and it is a smart way of doing it as well. I know that a lot of people do not consider it that way but they should and that's how it will continue to improve. I think it should be important to know the difference and it should be very important to keep it going as well. I know that people are not doing any mistakes any time soon, but they should reconsider that option.

It's a smart way of doing business and I would say that it will definitely make you profit on the long term as well. It's a tough thing to be able to wait that long, not everyone can do it, but as long as you can do it then you are going to make a profit from it without a doubt for sure, it is just how it is.

Are you sure you are responding to right comment?

[pawel7777]

The only things I've learned from the previous cycles is that bitcoin is the king and all the rest are shitcoins that come and go and that there's no bad moment to buy bitcoin, as it eventually surpasses all earlier highs in a perpetual uptrend. There's really no special plan or anything, but being stubborn and patient when it comes to my bitcoin.

My strategy is to buy as much as I can of this great thing and hold it for as long as I can because...
It's going up up forever Laura.

I understand this post was probably only half-serious, but just wanted to point out that the "holding forever" strategy is pointless and you might as well just send all your bitcoins to the Bitcoin Eater address.
There's nothing wrong in taking profits from holding bitcoins eventually and using them to finance your life goals etc.
I think many people would benefit greatly from figuring out what is that they actually want from life and setting clear (and realistic) goals. Sounds obvious but vast majority of us live without any plan.

[xSkylarx]

That is why while holding a Bitcoin, you will learn how to control your emotions. Experience is really the best teacher because it will teach you. We were also the same with them before because of our emotions, but because of our experience, we kind of don't panic right now. We can't really blame them, but I do suggest feeling their stress because that's where they will learn. They will research and understand more about Bitcoin.

Once a holder has trust in the Bitcoin market, he will develop a resistance to panic sell.  Since he is knowledgeable about the Bitcoin market and its cycle, he knows that the Bitcoin price dump will eventually recover just like what happened in the previous 4-year cycles.  So the person will have patience in waiting for the Bitcoin market to recover and will not sell their holdings due to FUD and price dump.  The believer will always wait for their targeted price to be met be then cash out for profit.

That is why I am saying that if we do have experience, we tend to not panic sell because we do have the knowledge that it is really part of the cycle,though being a believer can still make you have more patience because you don't lose hope on Bitcoin and continue holding, which also makes sense. As long as we are patient enough and are not taken away by our emotions, we could hit our goals and target price.

[savetheFORUM]

I don’t think I need to change my approach when it comes to bullish market. I have gained decent amount on the previous bull runs, so there’s no missed opportunities I guess. However, if there’s one thing if ever, that is to maximize my bitcoin accumulation when the market is still bearish so that I can also reap maximum profits from selling my bitcoins. But I don’t intend to sell all of my bitcoin, probably sell a major portion of it and then leave some of them for future profits. I know bitcoin price increases more in every bull run, so after selling, I’ll just wait for another bearish market and buy back a lot of cheap bitcoin.

That's the universal strategy in my opinion because almost every Bitcoin believer and holder has the plan to sell a bigger portion of their holdings when the bull run arrives so that they can have some profits and since they believe the price might go higher, they will always keep a portion of it to sell later if the price goes higher and even if it doesn't, they will now have liquid assets that they can keep and wait for the cycle to reverse so that they can buy cheaper again.

I believe one doesn't need to make any changes in that strategy, but that is just for Bitcoin and most people will also have altcoins that they have bought and kept for the bull run, for such people, it's best if they sell all their altcoins as soon as they see they are getting a good price because altcoins can always drop significantly after the bull run.