đĄ When to take profits? On the market peak
Placeholder partner Chris Burniske gave his forecast: most likely, we wonât see a $10 trillion cap in this cycle đ
He pointed out that as the market heats up, dreams grow and "bull geniuses" soar, but it's important to stay realistic. Back in 2021, everyone was calling for $100k for BTC and $10k for ETH, but in the end, the peak was around $70k and $5k. So, don't forget that lesson.
Why is it important to take profits on the way up? If you bought crypto when the market cap was below $1 trillion and now you're waiting for $10 trillion, it's wise to take profits in chunks â from $3T to ~$10T. Missed opportunities are not the end of the world, the important thing is to take what you can. The psychological discomfort is normal, but you'll be in the green.
Where do you think weâll end up? Whatâs your plan for taking profits? đž Share your thoughts in the comments! đ
