BearishBully
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"What is my plan?". The only question you should be asking yourself. Not "is it true BTC will reach 1.000.000 on this #BullMarket📈 ?" or "should I buy the #dogshit coin of turn before everyone mass-sells it?" or "what is this protein-shake drinking mother-scammer #BearishBully trying to preach?"
What is a plan? People will tell you: when and how to get into a market, a #bear one if you're smart or a pullback if you are less smart and a bit more risky... or when to get out of a market, a #bull one if you're smart or a recovery if you are less smart and a bit more risky. Heck, people might tell you that you can even play against a market, shorting the c**p out of it, or betting all your hard-inherited money on margins and futures and whatnot. But none of that is a plan. Those are merely actions.
A plan takes longer and sets you on a mentality to last in the market. You could plan a general number of when to start selling some of your BTC, which I will do (but you don't have to). You could plan at which market cap a coin is expected to stagnate and sell it off, like ADA, which I did (and you might have done too). You can plan to set a limited percentage of your portfolio to buy middlecaps or, well, riskier crap, which I do (and you don't need to). Essentially, a plan should survive more than a single market cycle and it should also be able to adapt to new information... and if you don't have a plan, you're pretty much effed mate.
And if anyone, me included, ever tells you their plan, are they being honest? Why would they?
We eat from your failure, as you eat from ours. Crypto is the thunderdome in the most literal capitalistic way. We will all lose money to it. Some might earn money from it. Very few will get obscenely rich with it... and now that ETF's are a thing, we will even get rich at the expense of all those parents and grandparents that said "digital gold? I don't understand!" while holding their medicine on one hand and their palm phone on the other while searching the number from their brokers.
So Temper your Greed, make a plan and beat me.
#TyG
What is a plan? People will tell you: when and how to get into a market, a #bear one if you're smart or a pullback if you are less smart and a bit more risky... or when to get out of a market, a #bull one if you're smart or a recovery if you are less smart and a bit more risky. Heck, people might tell you that you can even play against a market, shorting the c**p out of it, or betting all your hard-inherited money on margins and futures and whatnot. But none of that is a plan. Those are merely actions.
A plan takes longer and sets you on a mentality to last in the market. You could plan a general number of when to start selling some of your BTC, which I will do (but you don't have to). You could plan at which market cap a coin is expected to stagnate and sell it off, like ADA, which I did (and you might have done too). You can plan to set a limited percentage of your portfolio to buy middlecaps or, well, riskier crap, which I do (and you don't need to). Essentially, a plan should survive more than a single market cycle and it should also be able to adapt to new information... and if you don't have a plan, you're pretty much effed mate.
And if anyone, me included, ever tells you their plan, are they being honest? Why would they?
We eat from your failure, as you eat from ours. Crypto is the thunderdome in the most literal capitalistic way. We will all lose money to it. Some might earn money from it. Very few will get obscenely rich with it... and now that ETF's are a thing, we will even get rich at the expense of all those parents and grandparents that said "digital gold? I don't understand!" while holding their medicine on one hand and their palm phone on the other while searching the number from their brokers.
So Temper your Greed, make a plan and beat me.
#TyG