I am in crypto since 2017 and rode the madness which happened in this year up and for the most part down 2018 and the following years.
I used the last years to buy, sold some if I had to and I am kind of happy with my position I have now ( I do not believe anyone is ever happy with their position)
There was a time in 2017 where you could buy anything and it was a disappointment if you did not double your money within a couple of weeks.
Everyone was a trader, if the trade did not work out it was a "long term investment". People were talking about crypto in bars and it was the first bubble I ever was a part of.
I got caught up in it as well as I lacked the experience to see what was happening and how markets work. I thought BTC is taking over the world now.
I told myself I will not make the same mistake again as riding sooo much of your gains down again was not a pleasant but I think a very necessary and teaching experience and it needed to be painful.
When the shoeshine boys talk stocks it was a great sell signal in 1929 and so it was 2018 for crypto as well and I decided this will be my sell signal.
The part I am working on is how you know what the shoeshiners talk about?
Google trends, youtube views and channels related to crypto, crypto twitter?
In my facebook feed I see some random people posting charts, crypto related ref links and even new crypto scams. So I feel we can hear the first whispers already but still have quite some room till the masses give out tips.
Do you have a shoeshiner exit moment? Do you even plan to exit?