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Author Topic: Safe practices to adhere to in the bull run  (Read 707 times)

Offline MCcabe Rory

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Safe practices to adhere to in the bull run
« on: April 24, 2024, 08:31:33 PM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion

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Safe practices to adhere to in the bull run
« on: April 24, 2024, 08:31:33 PM »

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Offline yhiaali3

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Re: Safe practices to adhere to in the bull run
« Reply #1 on: April 25, 2024, 06:14:48 AM »
The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.

For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.

You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.

Offline MCcabe Rory

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Re: Safe practices to adhere to in the bull run
« Reply #2 on: April 25, 2024, 07:40:09 AM »
The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.

For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.

You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.

Thanks for the tip. Same applies to alts?

Offline bayu7adi

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Re: Safe practices to adhere to in the bull run
« Reply #3 on: April 25, 2024, 08:00:41 AM »
Of course hold until the sell target is reached... bullruns are the most profitable moment to hold or do DCA when a correction occurs, some people can't predict the end time of the bullrun, so it's safer for them not to rush into buying, and I agree That...

However, if you have a long-term view and have strong hands, you can still buy more with the DCA technique and aim to hold for a longer time. Back again to each individual's trading style.

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Re: Safe practices to adhere to in the bull run
« Reply #4 on: April 25, 2024, 10:10:00 AM »
It depends on your goals and approach. For some, the ultimate goal is for Bitcoin to reach 100k, in that case it's best for longtime investors to keep holding for now as analysts are predicting this bull run will see Bitcoin reaching the 100k/150k mark. For some other seasoned investors, the targets are even loftier, they want to HODL till it reaches 250k or more. If that's the strategy you want to keep, then I'd suggest you keep buying regardless of the price, but especially during the dips. DCA is smart, but long-term HODLers can benefit from even more aggressive buying. As for alts, definitely do your research and invest in the ones that are high potential and have solid base tech. Keep your portfolio diverse for minimum risk. When Bitcoin rises, the altcoin season will follow so it's all about betting on the right coins.

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Re: Safe practices to adhere to in the bull run
« Reply #5 on: April 25, 2024, 10:50:40 AM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion

All I can say about this bull run that is our future today is just proof that I have noticed that many of our communities here in the crypto space are those who have really prepared to hold assets that they expect to make a profit in the run.

Just keep doing what we started with DACA bitcoins or altcoins, and don't stop or be greedy when you see that you have reached your target price.
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Re: Safe practices to adhere to in the bull run
« Reply #6 on: April 25, 2024, 10:53:51 AM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion

My advice is to keep on holding until you make a profit or to increase your profit, but be sure to follow the market and the chart and sell for a profit if there's a correction coming.

There's nothing wrong in selling for profit but be sure you are comfortable and fair enough for you, the time of halving or when there's a shift in the market from bear to bull is the time to make a profit so this is the time to set your goal and an open eye in the market.
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Re: Safe practices to adhere to in the bull run
« Reply #6 on: April 25, 2024, 10:53:51 AM »


Offline Faisal2202

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Re: Safe practices to adhere to in the bull run
« Reply #7 on: April 25, 2024, 11:54:24 PM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
I will say, create a profit booking plan, as without it we won't be able to book maximum profit. First know your limits with some coin, as if you have invested in BTC and at the current price tag expecting BTC to give you 4x then I will say recalculate your limits, as well as of BTC. Because BTC doesn't have the potential to give more than 2x at the current market price. But if you are talking about alts then do the same thing, but the main point is to judge the potential of the project we are investing in.

Besides, do DCA in profit booking, if you think you don't have a good knowledge then DCA in profit booking can become handy. Don't sell low, even if you have to wait another cycle. Never invest more than what you can't afford to lose. Always control your emotion in bull season, never expect that you will get rich in the bull run with few thousands dollars if you are investing in BTC, but in alts there is a possibility.
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Re: Safe practices to adhere to in the bull run
« Reply #8 on: April 26, 2024, 11:12:21 PM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
I also see the halving as the start of a new cycle and bull run, more importantly, we will have an altseason in the future. Before the halving, I focused on DCAing BTC and a few top ALTS, but after the halving, I decided to use most of my capital to DCA ALTS and allocate a small portion to BTC. I believe that ALTS will soon outperform BTC in price and can bring more profits.

At the same time, I think that for now we can continue to monitor the market and wait for a growth in Q4. Q2 & Q3 should be a time for the entire crypto market to re-accumulate as we have had a continuous recovery process lasting for more than 1 year. DCA & Hold is the only action I will take throughout Q2 & Q3.
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Re: Safe practices to adhere to in the bull run
« Reply #9 on: April 26, 2024, 11:17:28 PM »
Don't get a "profit rush". A lot of people make a lot of profit during the bull run and they end up not caring about the result all that much. They should realize that making money during this period doesn't mean that you are going to end up with a profit forever, eventually that bull run will end and you are not going to end up with anything decent for good. So what you should do is just take that profit and store it, but unfortunately a lot of people end up with a lot of losses because they risk a lot of money in the end.

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Re: Safe practices to adhere to in the bull run
« Reply #10 on: April 26, 2024, 11:24:44 PM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
If we are thinking about bullruns, I will think about my investment assets which have been held on a long-term basis. That won't be a problem if we don't encounter even higher prices. Because we got most of it during the last bearish season. Aren't we just waiting for the time to come? Because we really think we will be much more patient to welcome the bullish ra that we have been waiting for for more than 4 years. Therefore, just be patient, our assets will definitely double if we choose coins. Just waiting for the real bullrun.

Offline DaNNy001

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Re: Safe practices to adhere to in the bull run
« Reply #11 on: April 26, 2024, 11:50:30 PM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
The best I could ever think of is not to get all anticipated and hyped and sell too early or too late and that's the mistakes most people do. How and what do you do inorder to avoid this? Well for starters no one actually knows the exact price that any coin will especially those with big reputation like Bitcoin and Ethereum so have your own target price is probably the best thing you do and make sure you do all research by yourself so to avoid blaming anyone if it doesn't work out as planned .

If you have a specific target then it will save you from all the stress and panic of wanting to or contemplating on waiting more.

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Re: Safe practices to adhere to in the bull run
« Reply #12 on: April 27, 2024, 12:24:51 AM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
Hy folk!
  • If you have invested for long and your coins have started to appreciate, make sure you are not clicking random links or downloading random apps if you are using hot wallet. It will be bad that you labour for a scammer.
  • Mind how you invest in new projects without researching because this is the period that scam projects flood the industry to steal your money.
  • Ensure you have an exit strategy. Some people will keep holding and the bear market will approach them and they will have to wait for another cycle.
  • Don't invest because of FOMO
...Tumbler.io......Because.Your.Privacy.Matters......Bitcoin.Mixer...

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Re: Safe practices to adhere to in the bull run
« Reply #13 on: April 27, 2024, 01:53:21 AM »
The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.

For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.

You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.

Thanks for the tip. Same applies to alts?

Depends on which alts you hold, if it is solid like in the top 20 in marketcap or prices then it could have follow Bitcoin's path, it might be a slow increased but we still have next year to see how alts will do and I think they will do just fine.

If it is meme or shit coins, there could be occasional pump and dump, so just be careful with it. Not sure if you have the experience though. But nevertheless you can lose money from them. Best of luck in your journey and hopefully everyone here can make great profits in this bull run.

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Re: Safe practices to adhere to in the bull run
« Reply #14 on: April 27, 2024, 05:00:02 AM »
Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
1. Always double-check or triple-check the websites you're going especially when it's a new website.
2. Don't interact with strangers especially those who just sent you a DM out of nowhere.
3. Always be vigilant and don't be gullible. Don't get attracted too easily with huge returns in a project.
4. Make a list of red flags that will help you decide which projects you can invest, and which are scam.
5. Have a selling target especially now that we are in a bull run soon.

These are just some of the things that you can do during the bull run. Some of them aren't directly increase your profits, but that will help you at least secure the profits that you might get during the bull run. Hope it helps. :)

 

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