Hello My Friends; It was an interesting title, wasn't it...? But most cryptocurrency investors' nightmare has begun. You ask why … ? At what level will I sell the cryptocurrencies accumulated during the bear season...?
This is a nightmare... I wonder if it will go higher if I sell at this level...?
You will find the answers to dozens of questions such as why I didn't sell at this level, it started to fall... In this article...
If you're ready, let's start …
For the last year, you have researched projects that could be a gem, thinking that the bull season will come at any moment... Meanwhile, you also collected cryptocurrencies with high market value, whose prices were falling.
Now, bull season flares have been fired on social media. Bitcoin gave the answer to this and will continue to do so. What you see is a trailer of what you will see...
Nightmare ...
My Friends; You saw that the bull season was about to start and you bought Ethereum at $1250. Fine, whenever you want to sell it. The nightmare has begun... You started dreaming of being rich. Stop dreaming, you can make good profits with a little analysis and market monitoring. What would I do if it were me...?
Cryptocurrencies with market capitalization in the top 10, such as Bitcoin and Ethereum, always rise above the previous ATH (All Time High) with each bull. Our strategy is simple; When it reaches the ATH level, we now activate our Stop-Loss order. As long as the rise continues, you will revise your Stop-Loss order upwards. During the low wave, you will exit the market profitably and move into a waiting position. You can make new purchases depending on the market condition.
Remember the golden rule…
Your earnings; Perform cost and inflation analysis. This is your real cost. The remaining amount is your profit.
So how much should you invest for a new purchase? It's very simple too. You will apply the 80-20 rule, which is the Pareto principle. You will use 20% of your profit for investment and 80% to improve the life of you and your family.
As a result, for new purchases;You must use the real cost amount + 20% of the profit for investment. This is how I do it. Don't be too greedy. Getting rich instantly is unrealistic.
My Last Words; We will be rewarded for our investments during the bear season. Good projects will be valued during the bull season. Only when it's his turn. Therefore the train is not in motion. It is important to get on while waiting at the station...
As I always say, "Listen to everyone, decide for yourself..." Good luck...
Luck does not help those who do not want to work. Sophocles
