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Author Topic: Advice Needed: How to Benefit from This Bull Run?  (Read 2441 times)

Offline Fhiyyerh

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Advice Needed: How to Benefit from This Bull Run?
« on: July 19, 2024, 10:00:24 PM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.

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Advice Needed: How to Benefit from This Bull Run?
« on: July 19, 2024, 10:00:24 PM »

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Offline EluguHcman

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #1 on: July 19, 2024, 10:08:48 PM »
A piece of advice for any crypto holders especially Bitcoin is to accumulate as much as they can and keep holding pa to patiently without panics to sell they coins because of you do due to impatient, you will regret it while watching others profiting hugely as a result of their assets was on hold  up to the bull-run.

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #1 on: July 19, 2024, 10:08:48 PM »

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Offline electronicash

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #3 on: July 19, 2024, 10:12:49 PM »
buy more.

this is likely the majority of the advice you get from investors. what i have learned in the past is that the bear market can last to 2-3 years which if you want to survive these bear market years, you have to make the most in the bull market. so fill up your bags while the bull market is yet to begin.

what i tried doing is spot trading in the 1 or 4 hr chart during bull market. so just buying and selling in sport market every time it reaches its overbought and oversold heights. this way you get to accumulate sats.

Offline Fhiyyerh

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #4 on: July 20, 2024, 12:54:11 AM »
A piece of advice for any crypto holders especially Bitcoin is to accumulate as much as they can and keep holding pa to patiently without panics to sell they coins because of you do due to impatient, you will regret it while watching others profiting hugely as a result of their assets was on hold  up to the bull-run.
But don't you think accumulating and holding BTC for many average crypto fellas is close to impossible because of lack of funds and somehow if you do not put enough in btc and forget about it you wont get any profit. Maybe other undervalued coins will be good

Offline Fhiyyerh

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #5 on: July 20, 2024, 12:58:21 AM »
My advice is as follows: don't be too greedy, be patient, have a specified price at heart to sell your bitcoin or altcoins, avoid FOMO, have a long term goal, apply a DCA method, and finally have diversified investments
You are legend. I agree with you about FOMO because when I was a newbie that got me a lot, cant say I escaped that even now.

Offline Fhiyyerh

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #6 on: July 20, 2024, 01:01:12 AM »
buy more.

this is likely the majority of the advice you get from investors. what i have learned in the past is that the bear market can last to 2-3 years which if you want to survive these bear market years, you have to make the most in the bull market. so fill up your bags while the bull market is yet to begin.

what i tried doing is spot trading in the 1 or 4 hr chart during bull market. so just buying and selling in sport market every time it reaches its overbought and oversold heights. this way you get to accumulate sats.
if someone is not necessarily a trader who will they know it get to the overbought point? how do they manage to understand its a sell or buy point?

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #6 on: July 20, 2024, 01:01:12 AM »


Offline Husires

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #7 on: July 20, 2024, 06:32:56 AM »
At the present time, trading may lead to loss. The best solution now if you do not have sufficient experience is to stick to Bitcoin and Ethereum and wait until the price rises sharply.
Trading in some altcoins or tokens will be beneficial to provide more liquidity and with this liquidity you can buy more Bitcoin and Ethereum.

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #8 on: July 20, 2024, 08:37:16 AM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.

Just invest on let's say Bitcoin, although the profit might not be that big since you are somewhat late as we are in the bull run, but still there could be profits here, x2 or higher. Or go with some solid altcoins as well, same, there will be profits that can still be as high as x3. Trading for me is not for everyone though, that's why I just advise to be a long term holder, invest thru DCA and yeah, it will be hard and grind weekly or monthly and you will really need to be mentally tough. But we still have like a full year to really see the peak of the bull run so it's not late to invest.
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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #9 on: July 20, 2024, 09:46:06 AM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.
Sell and reward yourself.
You need to take benefit out of this market when it's on the bull run. Do you want to wait another cycle before you make money from it? So if you have been grinding and you've got some significant gains projecting on your portfolio then all you have to do is take profit as much as you can and enjoy the reward from being patient and hardworking.

Offline bitmover

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #10 on: July 20, 2024, 12:23:41 PM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.

What coins do you have? What are your holdings?

Basically, a new comer should have mostly btc imo.

Btc is the king of all crypto because it always controls the bull run, guiding other coins.

If btc ia going up, others will go up too. If bitcoin is falling ,everything falls.

Once you get used to bitcoin movements  try some altcoins. But always keep most of your stash in bitcoin
« Last Edit: July 20, 2024, 12:26:40 PM by bitmover »
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Offline ajiz138

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #11 on: July 20, 2024, 02:55:50 PM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.
Sell and reward yourself.
You need to take benefit out of this market when it's on the bull run. Do you want to wait another cycle before you make money from it? So if you have been grinding and you've got some significant gains projecting on your portfolio then all you have to do is take profit as much as you can and enjoy the reward from being patient and hardworking.
This can be done by withdrawing profits if they have started collecting bitcoins for a long time or they bought at a price that is still below.

However, if they still haven't done anything or they don't have any assets in their portfolio then they can slowly buy when there is a correction. But you must remember that everything must be done by preparing yourself for the risks that will occur.

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #12 on: July 20, 2024, 10:02:11 PM »
What advice would you give to someone who is not necessarily a newbie in the crypto space but hasn't benefited much, even with active contributions? They're not much of a trader but are passionately grinding and want to benefit from this bull run.
If you want to benefit from this bull run then besides trading you must have start buying BTC by DCA method because it doesn't require technical and fundamental analysis and you can easily invest in BTC for the long term for better profit. That's the best and easiest way for newbies to make money. They should first analyze the market to understand if the is market bullish or bearish. I bullish is yet to come then it's preferred to start gathering money so you could buy more.

As of now bull run is almost near to end and some say it is yet to start. I will say analyze the option the market is giving and make up your mind and set a plan and then stick to it. If you wanted to make a profit from this bull run then making profit from BTC might not be useful but we can try alts for better returns.
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Offline nakamura12

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #13 on: July 20, 2024, 10:28:23 PM »
Accumulate as much as you can at low price and sell when the price increase then that's how you'll be able to benefit from the bull run. How else would you benefit when all you do is holding your crypto. There will be another chance but you'll have to wait for next bull run so when it's time for bull run then selling your assets will be a reward for yourself.
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Offline notblox1

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Re: Advice Needed: How to Benefit from This Bull Run?
« Reply #14 on: July 20, 2024, 10:40:09 PM »
Bull run didnt even started yet but you are always benefiting if you are increasing number of bitcoins you have.
Dont waste money on new risky altcoins and dont try to earn from trading coins, that is enough advice to have good profit in in future.

 

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