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$XRP
is no longer a stable coin
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You look away for a minute, and $BTC is flirting with $92k
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Bitcoin is now worth more than Saudi Aramco to become the 7th most valuable asset in the world! Coming for Google and Amazon next...
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If you're buying at this stage of the bull run, make sure you're ONLY buying altcoins you actually believe in and understand. If not, it's going to be incredibly hard to hold through volatility - and the temptation to rotate will be strong. This is what wrecks most people.
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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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