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Author Topic: Just a curious amateur! what are your expereince in the previous crypto bullrun?  (Read 164 times)
Porfirii
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August 13, 2023, 10:13:31 AM
 #21

Based on my experience, finding the best time to take profit is hard: you may be selling too early, or waiting for too long and being unable to cut losses when the values start doing down.

Before the next bull run (if ever) it could be a good idea to set a goal that you think is enough to sell, and with the remaining wait to see if the prices keep going up. I don't think it is a good idea to sell everything at once, better to hold a part so you don't miss the train in case something extraordinary eventually happens.

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August 13, 2023, 10:46:55 AM
 #22

I just recently learned about cryptocurrency. I haven't seen a bull run, so I can't speak to how it feels or what to do when it gets to that point. I've heard incredible tales of individuals either retiring in a month or regretting their decision to hold back into the bear market because they believed "it always goes up" and didn't want to lose out on bigger earnings. The lengthy path down resumes once they delay when it is time to take gains. However, it would bring me greater delight if I could hear about your experiences and get knowledge from them about how you were able to deal with the bull run
Well, it was surprising when I first experience Bullrun in my crypto life. You can't simply think that the project will pump but it was impossible during that time. That is why those who have past experience with Bullrun will simply say that every Bull season Bitcoin makes history and surpasses its ATH before. And this is why newcomers had also been positive for the incoming because that is what they usually heard in the forum and in the news.
Like if you are buying Bitcoin at the current price of $29k, you can think that it doubled (or even more) during Bullrun which makes you and many people hold and patiently wait that time for a possible huge profit earned.

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August 13, 2023, 12:17:42 PM
 #23

Been experiencing bull runs since 2017. Yes it was insane but life changing for me. Maybe I was in the right timing when I came back to crypto in mid-2017 after BTC touched down $10k for the first time.

It saved me from financial disaster and uncertainty. Not just BTC, but on what certain altcoins, NFTs and other stuff are trending.

The best bull run I have experienced was in 2021 during the Elon boy days and also the rise of play to earn, blue chip NFTs, memecoins, etc.

But of course if you are about to create your own startup, bull run is not the best time to build but rather than the other way around which is the bear market. Just my two sats.

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August 13, 2023, 12:26:58 PM
 #24

I just recently learned about cryptocurrency. I haven't seen a bull run, so I can't speak to how it feels or what to do when it gets to that point.
I feel it would be interesting experiencing another bull run even tho I have never witnessed one. The market is currently in a bearish condition and this should be the perfect timing to hold Bitcoin, why not buy now then wait for the next bull run there you can experience one
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August 13, 2023, 02:58:42 PM
 #25

OP, just like others have stated, yeah, a bull run is a season of the Bitcoin market where the price usually spikes, mostly occurring every four years due to the Bitcoin halving. Since you said you have not experienced it and, from your tone, you are waiting in anticipation for the bull market, for you to really make your first experience worthwhile, you need to have a much larger fraction of Bitcoin; otherwise, you will just end up seeing the price move up while other investors will be selling and making profit. Bitcoin investment also shares some characteristics with other investments, like "the higher your invested amount, the higher your profit." So, if you invest a very small amount in Bitcoin, know that you will get a small profit during the halving. If you have a steady stream of income, just keep accumulating some bitcoin.

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August 13, 2023, 04:20:33 PM
 #26

The bull run moment is the most beautiful moment in crypto, where the price of almost all coins will increase sharply and give us the biggest profit of all profits we have ever earned. This bull run moment will be repeated for several years; this time, we may be close to the bull run moment.

So if you are still getting ready, immediately invest in crypto according to your ability. But before starting to invest, try to learn to choose a coin that will be a crypto investment. Almost all of us choose to invest in Bitcoin because it is the main investment in crypto. While investing in altcoins, we have to be really selective in choosing them because there are so many altcoins.

You still have time to be able to follow the next bull run by starting to analyze every coin on the market. Choose Bitcoin as your main investment. In the meantime, analyze the existing altcoins starting from the top 100 coins on Coinmarketcap or Coingecko.

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August 13, 2023, 05:59:14 PM
 #27

You know it's a totally overblown bull run if you're already looking at marketplace prices on luxury watches, cars, expensive collectibles, and the likes. Thinking that you're some hot stuff and that you're better than Warren Buffett or something.

Basically, euphoria.

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August 13, 2023, 06:01:49 PM
 #28

I just recently learned about cryptocurrency. I haven't seen a bull run, so I can't speak to how it feels or what to do when it gets to that point. I've heard incredible tales of individuals either retiring in a month or regretting their decision to hold back into the bear market because they believed "it always goes up" and didn't want to lose out on bigger earnings. The lengthy path down resumes once they delay when it is time to take gains. However, it would bring me greater delight if I could hear about your experiences and get knowledge from them about how you were able to deal with the bull run
In the previous bull run, I was involved in crypto but even after knowing about the bull run and halving all that. I chose not to enter into the market because I wanted to test this theory about which all people and news outlets were talking back then. But when I see the results I was regretting but as I did it on purpose so I did not regret that much but also thought not to give up on such opportunities next time.

Plus I also learn many people do loss a lot of money in such hypes because let's say the last bull run helped BTC to reach a new ATH of 69k dollars but those who thought it would go up filled there pockets at the price range of $60k to $69k.

My only suggestion is, if you are afraid like me then you should not but giving a second thought and having an open mind with both reviews is also good so only invest in what you do not fear to loss. Other than this, you should not leave this opportunity while you have some money that you do not fear to loss. Note* These are just my opinions i am not asking you to invest just sharing my thoughts so DYOR.

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