When the last Bull Cycle happened I was on the outside looking in with interest. There was no FOMO on my side like many others who entered and got thoroughly screwed buying near the top. I did decide to get involved in crypto that March being three months later after all the carnage that would then follow for the next 3 years or so. I was ignorant enough to think Bull cycles happen every year and soon learned that there are cycles and history more or less does repeat itself.
Looking around on twitter many are talking about 10 x whilst others are being more adventurous with 100 x or more. I have never witnessed this type of madness before even though in the back of my head I can recall the old blockchain was around 7c before it went nuts peaking at over $8 in no time. That is literally over 1000% growth within a few months so what are we going to experience this time around?
The mention of a Super Cycle to be added to the equation so your guess is as good as mine. The tell tale sign of the retail investment is still not quite there as we haven't seen amass influx on Hive yet. Then again I wouldn't really know as I have a following feed and stick mainly within two tribes so would returning users know exactly what to do this time around or are they on the other blockchain lol.
All I can think of is whatever I have invested right now it should be worth a hell of a lot more come January making next year look like a great year as long as you take profits. Taking profits has to be the key lesson that many didn't learn the last time around and I am sure many will still be left holding bags once the bears arrive. Greed is something that over rides the brains thoughts and all logic is thrown out of the window. This is not happening with me however as profits will be taken as I just cannot afford not to.
This Bull cycle is my first so learning lessons and studying closely how everything works will be on the to do list, but taking profits will be the top priority as selling at the ATH is going to be impossible to guess. Moving stop loss regularly guaranteeing safety keeping the profits is going to be the main concern over the next however long it is going to be. Catching falling knives which is what selling a red candle is like is not part of the plan. The one lesson learned so far is always sell green which all of us already know. This is not rocket science and should be fun.
I can recall some wise heads stating if Hive does do something amazing price wise one should be ready selling some stake and that is something I am still struggling with to be honest. If it happens I may sell some but just cannot do loads as it has taken too long to earn and see the value in the stake rather than financial gains.