The idea of being in an uptrend feels like an illusion to me these days. It might sound odd—being involved in crypto, trading, and investing—yet not believing in the traditional concept of an uptrend. But let me share why my mindset has shifted.
First off, I no longer subscribe to the "hold until it skyrockets" mentality. That approach feels outdated and too risky in today’s volatile market. Instead, I’ve embraced a strategy of “riding the waves.” Some might disagree, but for me, this is the essence of navigating the crypto world effectively.
The market isn’t what it used to be. Whether you’re a seasoned trader or a newbie, it’s clear that the dynamics of crypto have evolved significantly. The old notion of coins rallying back to their previous peaks or setting new all-time highs (ATHs) is no longer the norm. The reality? Over 85% of active coins may never revisit their former glory, let alone set new records. The reasons are vast: project failures, token unlocks flooding the market, poor development roadmaps, and more.
I recently decided to lock in profits, and of course, the opinions started rolling in. Some said I “timed the wave perfectly,” while others claimed I was too cautious or just lucky. Frankly, none of that matters. Profit is profit. Whether you time it perfectly or stumble into it, the goal is to come out ahead.
Many people get caught up trying to predict market phases—whether it’s a bull rally or a pullback. But let’s be honest: no one can predict the market with absolute certainty. Analysts use data, charts, and sentiment to make educated guesses, but at the end of the day, it’s all speculative.
This is why I focus on short-term and mid-term trades. Instead of hoping for a mythical uptrend, I aim to capture opportunities as they come. Whether it’s a quick wave or a prolonged surge, I stay flexible and prioritize safety. My strategy revolves around making consistent gains, even if they’re smaller, rather than chasing big wins that may never come.
To me, this approach makes more sense in today’s market. By adapting to the waves, you can capitalize on opportunities without getting stuck waiting for the “perfect” rally. The key is understanding when to step in, knowing when to exit, and never letting greed cloud your judgment.
So, do I believe in uptrends anymore? No, I don’t. But I do believe in staying sharp, being adaptable, and ensuring consistent profits. That’s what keeps me ahead in this ever-changing market.