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

[Hewlet]

The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.

Looking Back: The past bull runs have been full of excitement and sometimes nerve-wracking moments. There's a bunch of stuff we can learn from those times. Remember the big runs in 2017 and 2021? And even the recent ups and downs? What did you take away from all of that? Maybe you realized how important it is to set clear goals for how much profit you want. Or maybe you saw that it's a good idea to spread out your investments and not jump into things just because others are. Let's talk about what we've figured out so that others can learn from us too.

Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.

Remember, the crypto world can be super unpredictable, and no plan is perfect. But by learning from our past and changing our strategies, we can handle the ups and downs better.

What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.

DYOR

[jrrsparkles]

learn from all of you while I figure out my own strategy too.

The plan is simply to buy as much as possible because I feel still we are a year for the real bull to kick in if the market acts as predicted so you can buy more bitcoins just like me and when you hear buy bitcoins from everyone that is the actual time to dump your profits and wait for the next opportunity.

Another approach is you can pick the trending shitcoins which can make you millions with thousand dollars as investment but finding the one is like sniping blindfolded after 50 spins.

My strategy is clear bulls-eye so you can choose which one you want.

[kryptqnick]

To me, the most valuable time of lessons was at the end of 2017 and the crash of 2018. I didn't sell anything at $18-19k back then because the fees were high and I was kinda greedy, assuming the price wouldn't go down while the fees would decrease. 2017 was also a time of mistakenly buying altcoins at their ATH point, believing that they'll go up even further. I didn't waste a lot of money on that, and I only bought coins that were in the top-50 by market capitalization, but still, a major mistake. And then the price went down at the start of 2018, to which I remember thinking that it'll go back up in a few weeks...
There were a lot of wrong assumptions there, so I've learned a lot of lessons:
- if the price is good for the time being, sell some when you feel like it;
- keep calm when the price is down for a couple of years, that's normal;
- Bitcoin matters, altcoins are safer left ignored like they don't exist.

[Medusah]

I am looking forward.  Besides profit, I want so bad to see my friends' reaction when I would be the only one who hodled his coins for so long.  Everyone was saying that bitcoin will not repeat the cycle and it is dead. 

One more thing: I am curious to know what will be the cause of the next bull run.  I cannot predict, but I doubt it will be something we have seen before.  So focus and hodl.

[DVlog]

The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.

Two lessons i learned from the last bull market that i think are worth sharing.

1. Don't sell too early
2. Selling some and buying more at a lower price is not a bad idea.

If you are not a bitcoin maximalist then most of you hold some other altcoin as well. In the last bull run, One of my friends sold some of his altcoins with 2X to 3X profits when they rode all over to more than 20X. He lost a lot of money and he regrets it. On the other hand that same person keep holding his Bitcoin even that touches 65K market by expecting it to cross 100k. He regrets that as well by thinking if he would have sold some of his bitcoin he could have bought 3 times more bitcoin with that same money.

So i think most of us want our portfolio to grow so if i get a chance to increase the number of bitcoin i have i will take it.

[hd49728]

To me, the most valuable time of lessons was at the end of 2017 and the crash of 2018. I didn't sell anything at $18-19k back then because the fees were high and I was kinda greedy, assuming the price wouldn't go down while the fees would decrease.

The fork and the spam attacks from Bcash team caused very expensive fee on Bitcoin network. We can see it with the transaction fee chart from Bitinfocharts.com. The average transaction fee was about $40 to $50 in late 2017, it's crazy.

I understand why you did not want to spend expensive transaction fee which is some of reasons why you missed a chance to sell Bitcoin around $18k to $19k in 2017.

2017 was also a time of mistakenly buying altcoins at their ATH point, believing that they'll go up even further. I didn't waste a lot of money on that, and I only bought coins that were in the top-50 by market capitalization, but still, a major mistake.

You luckily to did it in 2017 as top altcoins in that bull and bear cycle are safer than top altcoins in 2021 to 2022 bear market. Last year, in 2022, we witnessed two terrible crashes of top altcoins, Terra and FTT token from FTX exchange. Those crashes are unbelievable in 2017 or 2018 but in 2022, they actually happened and two top altcoins, one tier-1 exchange crashed within a few days.

[Doan9269]

What do you think about the lessons we've learned from past bull runs?

It has served a reference to us to have a direction on the way the market is likely to be going considering it passed experience on same occassion, we've also learned that bitcoin is always profitable if we invested and hodl, we learn and see consistency in bitcoin, it's market and the network entirely, we also behold an incredible increase in it value each time we had a bullrun that set a new all time high for bitcoin.

What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.

DYOR

As you've said already to do your own research, investing in bitcoin buying the dip, holding and smiling after the halving has taken place and a new all time high is set.

[Faisal2202]

Crypto, or BTC, is all about analysis if one wants to make money out of it, and that analysis is based on past data. This means everyone learned and must learn from the past data, and they should not miss or ignore any point if they really want to make profits. Let me explain this with an example. I did not take any entries in the previous bull run, even though I knew or at least had some idea what halving and bull runs were. But still, I was afraid to take entry because I wanted to test whether this strategy worked or not.

But then BTC went from $40k to $69k, and I was blown away. Then I made up my mind that in the next bull run, which probably comes after the halving of BTC, I will not miss the change to take entry, and I am happy that I have some positions. I am now waiting for the next bull run and wanted to see the results that I saw people make in the previous bull run.

It's an obvious thing that this time the returns might be a little higher, as the scarcity of BTC explains that well. So, I hope you might have gotten my point here.

[mk4]

If there's something to learn — it's to simply dollar-cost average on bitcoin or whichever assets you're long-term bullish in, and stop acting based on your emotions. That's pretty much it summarized; and if you manage to do this alone, you're already better off than a huge majority of people.

[Stellarcast]

The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.

Two lessons i learned from the last bull market that i think are worth sharing.

1. Don't sell too early
2. Selling some and buying more at a lower price is not a bad idea.

This. I fully agree with this, I had quite a bit of crypto back when the price shot past 60k and yet I held on to all of it, being greedy and thinking it would just be an uphill, slow and steady climb where I can set the coins aside and check back again in years. Before I knew it the price crashed and I sold a few, invested in a few sites and apps that would turn out to be bad decisions due to unforeseen fees, and I'm sure I have even forgot where some of them when to. Got into ETH too and I still have some which were used for staking back then, but now the gas fees are ridiculous at around $100USD for even a single transaction.

If you've made some reasonable profit, why not sell some of it and reap the rewards?

[bittraffic]

One lesson to learn is to sell all you have when the price reaches its peak because you don't wanna hold BTC and tokens where prices are going down for more than a year. It happens every after the bull market. I have to remind myself all the time that bears are going to keep selling until those who invest in the bull market dries up. Those who didn't sell during the last bull market and hold still to this very day I think understood how much was lost.

[Rruchi man]

What do you think about the lessons we've learned from past bull runs? What's your plan for the next one?

This is a good topic to bring up before the expected bull run so people can really have thought about it, and plan for what to do when that time comes before it comes because having no plan/not planning for that time means you will make a lot of regrettable decisions then that you will get to regret later. Not planning on time/planning late (at rush hour) is also bad because there will not be the time to second think your choices which puts you at a position to make wrong choices.

Have a plan on when to sell, how much of your bitcoins to sell? all or some part?

[salad daging]

Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.

Yeah not going to sell too fast longer keep it better for bitcoin, I'm not thinking of that plan because this year is still in the bearish phase if it's sold then of course it's still a loss.
The plan that is still being carried out is DCA which is still being done this is an accumulation to accumulate as much bitcoin as possible at an average price for me this is the best way to do it than other ways 'maybe other people are different' but I still DCA strategy is much better to maintain.

To deal with risk, don't sell too quickly, if you continue to hold it, it will be less risky.
Not taking research too seriously or looking at charts will make us more uneasy just like you said be calm in any situation.

Another question is how do you not sell in the current cycle? Will you be able to sell in the next cycle, say 2028 or 2029? Much stronger isn't it.

[Lida93]

.

Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.

Expectantly there's another bull just ne the corner and it's thoughtful to have prior plan on how and what to do.

After the bull run take place and profit made it won't sound like a wrong idea to cash out the profit and use it to invest into other real life business. The essence of the waiting and HODLing was to gain and take profit anyway. Or

Convert your total bitcoin to a stable currency like usdt and wait for when the bull run elapses and bear market takes over to an appreciable price comfortable to you then buy and hold again for another four year bull run. (I think this will work fine for long term investors if they could have the enduring discipline to hold the usdt conversion till when the market go bearish as expected.). Lol.

I just have to stick to my strategy in as much as it's still working out so well for me, why the change of strategy when that which you have is giving you the expected results. If what you doing is working then it's expedient the right decision is to keep a cool head.

 

[virasog]

learn from all of you while I figure out my own strategy too.

The plan is simply to buy as much as possible because I feel still we are a year for the real bull to kick in if the market acts as predicted so you can buy more bitcoins just like me and when you hear buy bitcoins from everyone that is the actual time to dump your profits and wait for the next opportunity.

Another approach is you can pick the trending shitcoins which can make you millions with thousand dollars as investment but finding the one is like sniping blindfolded after 50 spins.

My strategy is clear bulls-eye so you can choose which one you want.

Whatever coins you want to buy you need to buy them now. That includes the high market cap coins plus the shit coins. The biggest mistake people make is they buy during the bull market and most of them buy at the top of the bull season and are stuck with their investments.

The important thing to consider is to sell your coins in parts in the bull season and not buy any coins. Since we do not know the bull market's top, we need to slowly cash out during the bull season. People often do the opposite; they sell in the bear season and buy in the bull season.

[SatoPrincess]

The most important thing I have learnt thus far is to stay calm, when everyone is excited and selling their bitcoins, it is best to remove yourself from the crowd and pay attention to the chart movement. Don’t sell too early, and don’t fall victim of FOMO. I think FOMO is the biggest enemy of a bitcoin investor, it’s a hard one to beat because it feeds on our emotions and affects our ability to make the right choices. Keeping calm and trusting your gut is the best improvement I have made in my crypto journey.

[Quidat]

To me, the most valuable time of lessons was at the end of 2017 and the crash of 2018. I didn't sell anything at $18-19k back then because the fees were high and I was kinda greedy, assuming the price wouldn't go down while the fees would decrease. 2017 was also a time of mistakenly buying altcoins at their ATH point, believing that they'll go up even further. I didn't waste a lot of money on that, and I only bought coins that were in the top-50 by market capitalization, but still, a major mistake. And then the price went down at the start of 2018, to which I remember thinking that it'll go back up in a few weeks...
There were a lot of wrong assumptions there, so I've learned a lot of lessons:
- if the price is good for the time being, sell some when you feel like it;
- keep calm when the price is down for a couple of years, that's normal;
- Bitcoin matters, altcoins are safer left ignored like they don't exist.

There should always be a selling point and this was also my mistake on that particular bull run period specially on that 2016-2017 on which this is the time i do make myself get involved with crypto.
On the time like this then im not really that totally experienced on how market works or behaves on which on the time that everything is increasing then i do believe that it wont go down. Same as yours, i did make up some purchase believing that the price might shoot up even more until the reality slaps you on your face and telling that it wasnt really that possible for this thing to happen. We know on how reality works and this cant be called a market in the first place if it was really just that moving on a single path or movement. There's always a correction in a market and this is why its always been ideal that you should be having that target point on selling out so that on the time that the market depletes then you wont really be having those regrets and keeping telling to yourself that you should have sell earlier but its already too late. Tons of people had already learnt up that lesson on which that previous cycle or bull run happened.

[Cryptomultiplier]

Well, I for one don't do much trading, but it would be unfair to only think of the bull run as a time to only make profits.
I have experienced flash bull runs that have been happening since I started my crypto journey. Although it didn't last long, the one lesson I have learned from those who rushed in to take advantage is to always be patient.

The next bull run am really looking forward to is after the halving in 2024. I would love to see how the impart is felt by partaking in activity and listening to testimonials of those who make profit from it massively.

For now, any bull run is not going to affect my DCAing until the time I set aside for liquidation.

[The Cryptovator]

There isn't a flawless strategy in the realm of cryptocurrency, as plans need to adapt over time. To capitalize on a bull run, patience is key. Alternatively, leveraging volatility to grow one's portfolio can be advantageous. Personally, I frequently employ this tactic by accumulating during major dips and profiting from the market's fluctuations. While I do keep some coins for potential bull runs, I'm not consistently bound by that strategy. Whenever I identify reasonable profits, I aim to capitalize on them.

[nelson4lov]

Having seen at least 1 bull market and actively participate in it, my plan now is to position myself such that I would be able to adopt with the new trends that the future bull run will bring that includes accumulating Bitcoin whenever the market takes a serious heat and some other high cap altcoins here and there. People who positioned themselves well in previous bull runs ended up being the winners. Finally, I am putting together a strategy on how to get out and not leave money on the table because unrealized profits are simply not ours.