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JUST IN: ๐บ๐ธ Hedge fund manager Anthony Scaramucci says
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While most people are so focused on finding the absolute best time to sell, they eventually don't do it at all. They don't realize that taking profit isn't finding a perfect moment in time. Taking profits is an entire season and absolutely not time-bound. You'll always find outperformers both early in the cycle and also late in the cycle. Why wait? Most people would agree (including me) that we are probably still quite early in an upcoming new altcoin wave right? Yet often I've already skimmed of some profits. This early? Yes. On the positions that have barely started to move or are in a loss? No. (unless I don't like what I see and just exit them at a loss ofcourse) But on the positions that have started running already independent of the rest of the market? Yes. It's quite a defensive method to prepare for both short lasting or long lasting altseason. If you think you can surely time the top of the entire market quite accurately than sure, go for it. You'll indeed bag more than doing it an entire season. I just don't believe YOU can. Just like I believe I can't either. Just me though.
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$XRP is no longer a stable coin
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Respect to you if you are grinding your way through this bull run alone. No fatherโs money. No handouts. No favours. Just pure hustle. Even through losses, doubts, and setbacks. Youโre going to go far in life, And this crypto cycle with me will prove it.
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Engagement is high now Where were u guys?
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For those wondering: When you hear locals talking about crypto it's rarely a top signal in the early beginnings. Retail joins in different phases. And they actually onboard each other. The first wave that buys crypto doesn't have profit yet. A few weeks or months later when they do (not really, because it's paper profit) they tell their friends an others. "I literally made $2k in a day!" That's when the biggest surge actually comes. Often the first wave of retail joining in a bull can still make good profit (although mostly they don't take profit either). When you look at 2017 and 2021, you heard retail talking about crypto all the time. Literally for multiple months before the top was in. It's because you hear the "phase 1" folks talk, then the "phase 2" folks talk, then the "phase 3" folks talk, ... Only after the last phase it usually tops. That's usually the wave where it's every barber, local newsman and old granny at your family party. Not just a few locals or friends texting you. It's a top signal, but only at a certain time.
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