What if I am not greedy, but have set a plan when I would sell? For example I have bought Bitcoin when the price was $10k. $70k is a solid price to sell. I would have even sold it at $50k. x5 is more than enough. But what if I dont need $, want to keep Bitcoin or my plan (even if it is ridiculous) is to sell it $1kk ? Should I change my plan and sell then? Of course no. In my situation, I would sell it whenever I feel I want to sell.
The essence of investing is to make a profit, to achieve that goal we need a well-designed strategy.
And before we buy any coin, The taking profit strategy should be fully outlined.
So we will never go into a trade or investment blind.
Because no one can accurately time tops or bottoms.
But Your Money, Your Rules...
And if you don't implement that strategy consistently, that's your choice.
That is very true, in fact there are many people who are dedicated to looking for altcouis that are of low value and calculate that they can earn when they make a big bang, and they are ones that are found in respectable exchanges such as Binance, Kucoin, and they can invest a lot money there, of course they can always earn and when bitcoin rises a lot and this drives other coins, because trust in crypto increases, therefore it is the decision of each person to know what they are going to put money into for their investment, I would to say clearly that whoever puts money in Bitcoin will have a great profit in the long term, but my advice is, bitcoin can go down in price, stay the same or even go up, but when will it go up to the next ATH? It is speculated that for this year and 2025, that is why it is recommended to buy as much bitcoin as possible.
Of course now we are already surpassing the last ATH, this is a new price, I think it is $72k, but it is presumed that it could just be an impulse for what can grow.