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Author Topic: Just a curious amateur! what are your expereince in the previous crypto bullrun?  (Read 164 times)
Macoach (OP)
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August 12, 2023, 11:24:16 PM
 #1

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
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August 13, 2023, 12:16:51 AM
 #2

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
I don’t know what is it about bitcoin and people retiring from their jobs, this is the umpteenth time I’ve read that statement. Bitcoin is not a get rich quick scheme, you would need to have a good amount of bitcoins to be able to live off the profit from a bull run. I have witnessed only one significant bull run since I began my crypto journey, and it was in 2021 when bitcoin hit ATH of $69k.  My target was to sell at $100k so I didn’t sell then. It was a exhilarating experience up to the point when the price started dipping. I missed a golden opportunity to do something I’ve always wanted- sell high, buy low. But it was a teachable experience, I took solace in the fact that 1 bitcoin is 1 bitcoin and there was never a loss.

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August 13, 2023, 12:53:09 AM
 #3

Bull run is very hot in the air and you will feel it by many news, abundant new potential projects with promising game-changing technology and use cases, market volume and market cap will increase a lot by new cash flow pours in the market by new participants.

However, bull run does not bring profit and happiness to everyone as money flows and changes from one person to another.
In bull run, you can lose your money by investing in shitcoins that have rug pulls later or by trading with Leverage and Futures.

In a bull run, focus on Bitcoin as it starts with Bitcoin. If possible, avoid shitcoins especially new coins launched by taking advantage of a new bull run, new trends in technology and use cases.

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August 13, 2023, 12:59:43 AM
 #4

Base on my.expeirenxe last bull run there's a lot of investors come up, new projects that could possible make you earn a lot and make a re-investment, people are actively sharing their winnings but of course the market becomes congested each transaction so high for the fees reason why people don't commit everyday a transactions.
We know this coming bull run people now accumulate as possible so I don't become late and grab the opportunity every market price drop.

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August 13, 2023, 01:35:21 AM
 #5

Last bull-run help me go through the pandemic, I have use the money for hospitalization of my mother and food during those times, and the lesson for me is during the winter season or bear market try to acquire token that has potential, and keep it, I may have sold some coins early but, others were kept.

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August 13, 2023, 02:12:34 AM
 #6

I actually converted a portion of my Bitcoin savings before the bull run took place. I had no choice; I needed the money. When the bull run came, I did nothing. I didn't need money anymore. I was just a witness of how the price rose high and recorded a new ATH. At that time, I was expecting the price to hit $100,000. The bullish sentiment was so strong that $100,000 seemed so near. And then the price went down. The crypto winter came in and then a series of unfortunate events happened one after another. But no big deal. I've learned my lessons. The price always recovers.

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August 13, 2023, 02:29:54 AM
 #7

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
If you've never been part of a bull market, what you're feeling is panic and a desire to sell your assets for several times the profit. Those who are strong in holding onto their assets during a bull run are those who are determined to be consistent in their investments. i failed at that and sold my Bitcoins before reaching ATH at the last bull pump. I don't regret it because now I can collect more when the market goes down.

.
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August 13, 2023, 03:01:50 AM
 #8

It's always amazing to see a bull run and I was glad to experience mine in early 2021. I entered the market in March 2020 when the Bitcoin price was still at $3k, I wasn't able to buy a lot I would say but still managed to get some up in that sale. In 2021, it went up to $60k which is almost 20x and some altcoins which I saw at $1 were at $220 which is 220x. It was something extra-ordinary and I haven't seen that anywhere. Let's see what the next bull run brings us with.
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August 13, 2023, 03:28:12 AM
 #9

People will feel different emotions when bull run happen because not all will earn profit during that time that's why I said people will have different emotions during that time. I didn't get the chance to earn profit during bull run but I did earn profit in other matters like investments and more. Investment isn't the only one you can do and if you have enough money you can try mining too but you must have money in the future for maintenance of the rig and more.

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August 13, 2023, 03:38:02 AM
 #10

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

what we know first When is Crypto Market Bullish Again? well, regarding the OP's question, if you speak that's for sure. If someone has experienced it, of course it's easy to say. But, don't ever experience it. it can be strange later... what is certain is that this period is very much anticipated because your investment, for example in bitcoin, will go up high, but, make a note if you enter now and hold it until the time is right. don't come in now it's only been 4 hours out Grin Grin Grin.

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August 13, 2023, 05:24:33 AM
 #11

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

Dealing with bull run depends on holders decision, there are people who already have a selling target price in their mind before they starting accumulating Bitcoin, and this target price is what they work with, and if eventually the bull run comes and the target price is not being meet, they might decide not to sell yet and wait for another bull run, but in some cases you will see that why they are waiting for the next bull run, the price of Bitcoin will drop back down first which might equally lead them to regretting their actions.

Why most times some people sell on every new bull run which add little profit to their initial buying price, but later on the market price seems to do double.

Which ever the case maybe, to me the best way to deal with the bull run is if you are not a long time holder, you can be taking every little profit that you can achieve from every new price jump in the market as the bull run don't usually come to start for long.

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August 13, 2023, 07:21:06 AM
 #12

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
Bull run is what every crypto investor are always on the lookout for because that is the best to time to make good use of the market and cashout big though not everyone will be able to ceize this opportunity or rather let me say not everyone was able to seize the opportunity during the last bull run because so many people were not too focused on bitcoin, they were focused on alt coins which led to to investing in shit coins in which the price is controlled by bitcoin and as time goes some of this shit coins began to experience massive drop in value and made investors loose so much in the end. Not that i have experienced a bull run myself but i have heard and read so much about it.

I believe a lot of people have now understand bitcoin better and they are now aware that bitcoin is the most reliable coin and they will now take full advantage of it when the next bull run arrives. We are all here anticipating the next bull run and make use of the opportunity to make huge profits. My advice for you is to avoid new coin when the run arrives because it is now difficult to differentiate legit projects from scam projects so to be safer just invest in Bitcoin and some reputable alternative coins.

Those Retiring from their work place just because they own some amount of bitcoin have shown they lack proper understanding of bitcoin and why it was invented. Bitcoin was invented in order to be used as an alternative payment for fiat currency which is not controlled by any central authority in order to give people financial freedom but people often abuse it’s use and take advantage of its price volatility.

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August 13, 2023, 07:30:37 AM
 #13

You will get a different experience here than that experienced by several users who have experienced great benefits from Bullrun. It's hard to tell what Bullrun feels like before you experience it for yourself, you need to prepare yourself before Bullrun comes, so that you can be part of the big, long-awaited party. You will experience for yourself how enjoyable Bullrun really is, this experience will be a story that is hard to forget, especially when it comes to your first experience in making big profits in Bitcoin investment.

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August 13, 2023, 07:36:44 AM
 #14

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

In any case, that would have been in the bull run of the first cycles. In the cycle we are in, from peak price to peak price, it has only increased by 3.5X. If we were to count from the minimum it would be 20X, but for that you would have to hit the cycle minimum to buy a good lump sum and then hit the maximum to sell everything at that time, which is as likely to hit as you are to win the lottery.

And just think that even in that case, if you invested $1K, you've turned it into $20K, which doesn't give you enough to retire on. If you invested $10K, you will have had $200K, which is a good amount, but if you were able to invest $10K, it won't be that much for you.

If we go to the previous cycles, the multipliers were higher, but apart from the improbable case of hitting cycle minimums and maximums mentioned above, what has been really profitable and has given you enough to retire is to hold on for two cycles, not one.

In my case, as I didn't have a good amount as to be able to retire, I just remember as sweet moments checking the price and seeing that we had beaten another ATH, just as I would enter the forum and it was full of bullish threads, just as on Youtube and social media, everyone saying that the price was going to $150K, $200K, even some prediction $0.5M. The bad thing was the disappointment afterwards, that those predictions didn't come true.



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August 13, 2023, 07:52:32 AM
 #15

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 think you will see later how the bull run which will make you able to tell others how it feels like to be able to feel the running bull which will make you understand what you should do next time in the crypto space.

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
From other people's stories you can feel how you should do with the questions that arise in your mind that it should be like this and it should be like that, but when you feel or experience it yourself or make up your own story it will feel extraordinary.
People set targets in order to achieve profits, but the road to get to the targets that have been set is always lived with ups and downs, not as seen by others when one reaches one's goal.
There is always pleasure when we are here.

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August 13, 2023, 08:34:24 AM
 #16

For me, the bull run is the season of joy for every token, they usually see a new all-time high in the crypto market. Early investors makes huge profit from their investment while late investors will be praying for the price of a token loose gain but it keep on gaining.

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August 13, 2023, 08:52:12 AM
 #17

When you feel a loss, just accept it and do not try to sell, because the price always returns to make gains, no matter how long it takes. Patience is the key to making a profit in bitcoin trading, and anxiety without thinking or a prior plan means that you will achieve losses in a short time.
The opportunity is now golden, as everyone expects that the price will rise during the next year, and all those who have made losses may make profits.

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August 13, 2023, 09:24:57 AM
 #18

My experience? nothing.

I didn't sell my Bitcoin during bull season, I only buy more Bitcoin and accumulate it until now.

Did I lose because I once bought Bitcoin at ATH? not really because I also bought Bitcoin when it's below $20K. Maybe I can have more Bitcoins if I sold all of my Bitcoins at $69K and buy Bitcoin when the price was at $18K, but I'm a human, no one can predict the future.

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August 13, 2023, 09:53:04 AM
 #19

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.
Let me share my feelings about bull run with you, though I joined this forum after I knew about the last bull run in 2021 but then what my friend a senior colleague who introduced the forum to me told me was that "It's a tensing moment for everyone both investors and traders"
It feels more like I Have Made It seeing the price growing up and up while you sleep and wake up. but if you miss the opportunity then to most it is there biggest regret.

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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.
It's a frequent notion here in the forum that people retired after a bull run and some regret. Most of the guys who regret a bull run, is either not opportune enough to meet the bull run or those who's ego or greed couldn't allow make the minimum profit. For you to profit in a bull run while holding then you most have a target or a limit set out for yourself when to sell. For instance: the price have never exceeded 80k it runs around 70k down then your selling point should be marked around 60k to 65k. But when people predicts and  wait for the biggest of it all then it turns out to fail them because you can't have everything that little is enough. Greed is the cause of most regrets for me I never regret anything opportunity missed. I believe there is still more opportunities coming.

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August 13, 2023, 10:00:16 AM
 #20

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
I don’t know what is it about bitcoin and people retiring from their jobs, this is the umpteenth time I’ve read that statement. Bitcoin is not a get rich quick scheme, you would need to have a good amount of bitcoins to be able to live off the profit from a bull run. I have witnessed only one significant bull run since I began my crypto journey, and it was in 2021 when bitcoin hit ATH of $69k.  My target was to sell at $100k so I didn’t sell then. It was a exhilarating experience up to the point when the price started dipping. I missed a golden opportunity to do something I’ve always wanted- sell high, buy low. But it was a teachable experience, I took solace in the fact that 1 bitcoin is 1 bitcoin and there was never a loss.

They think about doing that since many want to escape the modern day slavery and they fantasize to much when they heard about bitcoin.

 This is the reason many got broke because they always expect price of bitcoin will always go high then they realize late when bear trends occur and lose everything they had.

If they don't want to make their life hard they should never quit on their job even if they are earning good in crypto.
If they really want to quit since they feel like they don't like their workplace then better find another alternative source that can provide an earnings so that we became safe if one of our source closed.

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