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How to take profits like a pro during the upcoming crypto run.

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by COINS NEWS 15 Views

There are roughly 4 phases during the bull run. They might overlap with each other for a while.

  1. BTC pumps, the rest just sucks ft. ETH. Any coin vs. BTC (pair) is tanking, nobody is excited except the BTC maxis cause 99% degens on this sub own alts.
  2. ETH wakes up (+- current situation) and we have a gigantic volatility on ETH/BTC chart, money moves between those 2 + some major alts. ETH folks, after being ridiculed for year(s) with BTC/ETH charts, start to get some confidence and we get the classical flippening yelling. ETH is gonna flip/overtake BTC (which of course will never happen)
  3. ETH season is done and we have a situation where money flows from ETH into major alts (top 10-20 by market cap). There will be several cycles, not all alts pump at the same time and some alts will have more than 1 pump. Alt season is not starting yet just the top ones are pumping.
  4. Finally, once every dead coin and every meme and everything left and right starts to pump we call that an altcoin season. Your granny, your boss and co workers, your uber driver and basically everyone talks about them bitcorns.

The latter is the top indicator and you should move your money into BTC again. The alt season typically lasts for about 1-2 months so if you don't time it right and are stubborn you'll go all the way down to 90-95% from this cycle ATH (that's basically 99% of you in this sub) when the bear bottom hits you in the face.

You also don't keep all of your converted BTC when the bear starts, you either sell 50% for FIAT (if you need to buy something in the real world like a lambo or a new wife) or stablecoins. You can park your stablecoins on lending and borrowing platforms and get 10-20% APY while your fiat gets you close to zero APY when you move it to your bankster's place.

Once the bear is at its peak you use that fiat/stablecoin to buy BTC again because nobody is buying BTC at ATL except the smart asses like you positioning themselves for the next bull run for that 10x cheese.

Repeat this every cycle, and you're set for life and of course never sell everything in one go during the bull cause nobody can time the top but sell 10%, then 25%, then 40% (close to the global top = ATH hopefully) and finally 25% that's left for one last profit taking.

Basically, you sell gradually at each local top of your favorite crypto and sell heavily +- 50% of your bag when you feel that this is gonna be as good as it gets (you'll never get the top so anything close to it = before and/or after ATH is great).

I'll send an invoice to y'all later on, you can thank me later. Ok, bye.

EDIT: I decided to use the comedy flair because most of you will fail, yet again, to follow the simple rules of profit taking, ending up being the exit liquidity + eternal bag holders. Comedy and tragedy, a very thin line indeed.

submitted by /u/cascading_disruption
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