A time like bull run brings a lot of opportunities and fortune with it for people who knows what to do, how to act and for this one main aspect to master is the Art of HODL without making the mistakes in the bull market with the memes to make this more easy and fun to understand.
The Denial of Bull Market is when You Should HODL
It is very common if you're scared after facing a crypto bear market where everything went down.
When things go up we don't believe this is real bull market and when it dumps like 3-5% that PTSD makes us believe we're going to crash.
So, when the people are in denial and complaining about market going up is a bull trap that is when I'll only HODL the long term exposure I've for next bull market.
Perks of Being HoDLer in Bull market
There are two types of people in bull market, one are those who want to become rich quick.
They don't HODL coins but keeps on flipping those coins after 10%, 20%,30% gains.
The person who holds outperform active flipper.
This one mistake I did in last bull market was flipping coins and thinking it will go down after this "20%" move but after a month or two that coin was 20x up, 30x up and so on.
This happens a lot in bull run and later it becomes your regret why you sold that coin instead of just holding it.
That's why I believe you should have "long term HODL bag" and "short term quick flipping bag of coins.
it shakes Weak hands
Bull market doesn't mean there won't be any hiccups. It's going to be a rollercoaster ride and will shakeout majority of people who aren't confident yet.
It is so over, we're so back are literally two sentiments you'll see everytime in market.
People give up so quickly when they're so desperately in search of gaining profits and they stay sidelined when market rallies upward cuz they were scared or got frustrated after getting liquidated over and over again while doing over trading.
Expectations of Making it All Back in one Trade from bull market
There are people who did mistakes in bull market and couldn't make profits than with bear market everything went down.
Those two years turned out worst and down -90% portfolio does increase this urge to make everything back in one trade.
Yea, we all want to make a biggest comeback of our life but this ain't no movie and we can't risk life savings or money you've earned after spending months and years.
So, holding doesn't come easy it requires a lot of patience and if you'll ask me, I've not sold some coin that is still -90% from bull run all time high is still something I'm holding and expecting will recover in next bull run.
This mean you have to make wise and tough decisions, when the greed is increasing make your exposure Less, when you think it isn't right time, jump it and just HODL.
Wrapping Up...
Well, this is all I've learnt and practicing for next bull run. I hope you found those memes and things I said fun and valuable also I'd like to know your thoughts in the comment section.
Wish y'all a good Sunday ahead and your loved ones too.
Fin.