Bitcoin was worth around $4,000 in March this year when the corona black swan hit the markets and it's now almost 7x from that level. It might even get to $30,000 by the end of the year and 2021 looks even more promising in terms of growth, but nothing lasts forever.
$20.000 didn't last for too long in 2017, a matter a fact it only lasted a few minutes, and months after that peak we got to have a $6,000 BTC. Who would have imagined that? Markets don't go up for like forever, or at least they do breathe once in a while and those are called bear markets.
Now, all of the Bitcoin holders that haven't sold during the 2018-2020 bear market are on profits. Some altcoin bags still need to wait to break even and some will probably never do that. I hope NXT will be in that position.
Not selling in late 2017, early 2018, was definitely a bad decision for me, and probably some of you as well, and all that happened due to the lack of knowledge regarding these assets and how the four year market cycles work. Had I knew, that about one year after the halving BTC peaks, I would definitely sell when all that madness occurred in late 2017.
I wasn't aware of that though, and neither do I now know when my coins will peak and how high. I would be a genius or a wizard if I'd knew that, but one thing I am sure of is I'm going to sell most of my holdings. That's clear. There are profits to be made and waves to ride and not gonna repeat the same mistake as in 2017.
I will dollar cost average and am planning to start that as of June-July 2021. That's when I think the fun will commence and honestly don't want to sell too soon, but not too late either. I'd love to unload on the peak, but I have doubts about nailing that, hence dollar cost averaging is my strategy.
What's yours? How do you plan to make the most out of this bull market and what's your exit strategy?
Thanks for attention,
Adrian
Initially Posted Using LeoFinance Beta
