Well, that is the question that many people ask themselves, after all a bullrun has its beginning and its end even if we do not like this idea.
The vast majority of us bloggers, important people in the world of cryptocurrencies, youtube channels agree that the bullish race of Bitcoin is not over yet and therefore we still have get closer to the fanciful price of the 6 figures, yes, that $ 100,000. There are even people who aim much higher but to be honest at the moment I see Bitcoin approaching that number of $ 100,000 I do not think it will take long to start selling a large part of my positions. In this aspect I prefer to ensure a large part of my portfolio value and stop lose a few dollars than to be swallowed by the bear market.
But, once this happens and we see market starts deflating by people who run towards the exchanges because big institutions, whales, and so on will begin to shake the vast majority of the retail market, which entered because it went viral in the news that Bitcoin was beginning to break new records and it could even go higher, then the slaughter will begin. Who was smart and took 20% off practically entering close to its new ATH was lucky, but the one that entered at its highest peak .. well, you can get a slight idea ..
So what will all those that we have accumulated during the last two-three years do? That's it? Here comes our end in the crypto market? Of course no, we must be responsible with our money since we sacrifice a lot to get it, monetary management is essential to not get caught in any market but specially in that one, so selling is the only way to buy back at relatively low prices when this situation comes again, it is the only way to get on there.
Look, every time we enter in a new bear cycle i truly believe that it is a significant great opportunity to enter in this market before it's too late. And too late why?
Because probably 10 years from now this market will have led us to a capitalization in which it will be harder to enter and take those benefits we are seeing today, believe me, this is not it will last a lifetime, and those who had some vision about the technology and decentralization that this whole world supports, will be completely rich, and others millionaires, if they did well in previous market cycles.
These types of people confuse the fact that by selling your tokens you are not in favor of the movement and you only speculate with the price to make money, it is and it is not like that.
So do you know how many people have lost tons of cash by entering the highest point of 2017 and having the need to sell just because they believed that this was not going anywhere? Many people.
Now do you understand why the 90% of the people who invest lose money? not only in crypto obviously, but let's take this theory to our market. Now do you understand the HODL word? Now you understand when why many people recommend over and over and over again that what we invest we must be willing to lose ? Why? Because dear friend, if you entered out of greed, avarice and at the highest point of the bubble, they have taken your money, that 10% rest.
In 2017 we did not have DEFI, lending or borrowing services , we did not have layer 2 protocols developed yet, we were still developing the third generation blockchains, everything and when I say everything is everything, was a complete speculative bubble, How were you going to buy an asset of a project when you simply was it in full swing?
Because "theoretically" you trusted in the project behind, in the hard work of the team and because you had a vision of the future about it. Therefore, why did you sell at a loss? Because these were not the main reasons, but the FOMO, the fear of missing a great movement that would make you rich, that magic button that will make us rich, but this does not work like that. Have you ever wondered why you decided to get into all this world?
At present we are living a completely different panorama in which big companies, institutions, important names are buying and offering Bitcoin as a payment method. Today we have exchanges like Coinbase on the -WALL STREET- journal, ETF's, leveraged markets, and this is as I say just the iceberg peak. If even near the place where I live they are going to install Bitcoin ATMs, who would say it then?
But let's not be fooled again, even if we have all these factors and big moves on the table, the regulations are acting strongly against all this, and the reason they are forced to do so is because of the large monetary mass of fiat money that is going in. They clearly want to have control over this, when the market did not even reach 10 billion dollars, it was not so significant a figure considering the amount of money that exists and is printed until today, but now when they have been surprised by those figures that they would never imagine that the crypto market would move, now they want to know each of our movements and impose such high taxes on it.
CONCLUSION
The path of cryptocurrencies is not as easy as some people wanna make us know, and not everyone benefits from it, especially if you entered thinking about pressing that non-existent magic button that you trusted would make you rich in no time, you may be lucky once but if you act the same way you will end up caught late or early by market, no doubt about it.
Educate yourself, study about financial markets, especially the traditional ones, macroeconomic framework and everything that moves it, this helps to have a more perspective global on where monetary masses are moving in and out, and so you may have that possibility that few have to take a piece of the cake.
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