Did You Miss Me?
I hope not; that would mean you have less of a life than I do.
Last week in the first episode of βππ§ππ£ ππππ ππ π¦π£ πΉππ₯ππ ππ, I tried to answer the question of whether we can dump on retail this cycle.
I took quite some time to answer that question, which could have been answered with a simple YES.
Now you can take my word for it, but there is one person who proves my point and that is:
My Mom 76-year-old mom who 3 years ago was very skeptical, told me this week that she was listening to some podcast that touched on crypto and she understood the reference to BTC as the Digital Gold.
That to me speaks louder than Trump.
And the renewed interest in Dead ur Elderly Coins such as XLM and ADA. Robinhood Retail is buying and they buy what Robin Hood gives them:
Of course, this refers to US retail as the rest of the world has a few more options.
But retail is coming and they come at exactly the same time they came last cycle:
And within a few weeks, the impact became clearly visible.
But....
In general, retail investors tend to hold cryptocurrencies for a shorter period during bull markets, they are motivated by big gains and they are only there for speculation and profit-taking.
They come in because they hear The Gospel of Greed:
[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Sell Into "The Gospel of Greed"
Follow the Money
Hence if they are now coming in, I am getting out....slowly. Because I follow the money and do the opposite. I buy when everyone else is selling and I sell when all are buying.
I love a beautiful Bloodbath, feeling uncomfortable is such a motivator for buying.
Right now touching ATHs and seeing BTC dominance above 60% the cracks are showing
But that happened last cycle as well still Dominance peaked in December and ALTs exploded from Jan but the first signs were in November.
Why I donΒ΄t wait
Selling takes time, practice, and patience.
If you start selling after BTC dominance peaked you will have little time and might have missed some selling opportunities. But what you miss for sure is the selling mindset.
You will be in greedy euphoria, and you will feel like the pump will never end. You will not want to sell, as you are afraid to be missing out on even bigger profits.
So you will wait and procrastinate finding a million reasons not to sell.
Then by May, you will start doubting your own actions and holding on to influencers that call for one big pump in May before retail goes on holiday.
Waiting on a pimp Pump that never comes
That procrastination is listening to the end tune of The Gospel of Greed, and you are still holding while the top for most tokens has already passed you by.
Because yes most coins made their ATH in that short October, November 2021 push.
But coins like LINK, LTC, UNI, ICP to name a few never reached a high again since April/May 2021.
And your mind will procrastinate, it will tell you to wait, and to not sell. Youn up holding a huge bag.....
That is why I want to get in the selling mindset and if you have been around the blockchain as long as I have you picked up some coins that are already 3, 4, 5X. Why not sell a little, you never know what tomorrow hodles.
If I need to sell 100% of my ALTS by May 2025 I have 6 months. Hence I need to sell 16% of my portfolio each month starting from the day the Trump Pump(TP) began.
16% in Stables by December 6th
Last week I mentioned that just one week after the TP I went from holding 0,2% in stables to 2,5%. This week I really pushed my mind into profit-taking mode and it worked.
Mainly thanks to Mantra (OM) and XRP I went from 2.5% in stables to 7.5%. So over the next 2.5 weeks, I need to do another 7.5% to get close to that 16%.
Still, itΒ΄s just a number and I also know that I can do 10% one month and 20% the next month because the trend should remain upward for a while.
The thing is that your total holdings, or at least mine should also go up. My selling Portfolio did 17% up over the last week.
Hence the fiat amount I need to sell each time to ensure I sell everything by May will go up as well.
If I do not start now with little amounts on the way up, how can I convince myself to sell 1000 dollars a week in March?
If there is one thing I learned from last time, sell gradually on your way up and have selling points of no return.
Bikini Bottom Line
Feel free to hodl for eternity, itΒ΄s fine to keep stacking.
But if you had a plan....
And that plan involved dumping on retail....
You better get into that mindset, because selling is scary.
Because we were told by the orange man to never sell our Bitcoin.
Fortunately, that means I am allowed to sell everything else.
No, I am not looking for fiat, but I do see Gold as an opportunity to hodl till we reach the next bear market.
Stay Tuned and See what I am doing next week!
Thank goodness you made it till the end Pees, Love and I am out of here!
Posted Using InLeo Alpha
Taking profits never hurt anyone. It certainly makes sense to have a plan and to capitalise on this bull market. I hope we aren't near the top though as we hardly moved from the last ATH.
I have picked this post on behalf of the @OurPick project! Check out our Reading Suggestions posts!
Please consider voting for our Liotes HIVE Witness. Thank you!
You know this series was inspired by your question a few weeks ago if we would be able to dump on retail this cycle !LOLZ
It was really like a week before the signs that retail is coming became clear.
I have not been grinding through this bear market to now be trapped by my own greed, and selling is hard when everything is flying.
Plus what is even more tricky is the buy-the-dip calls....but I will touch on that one next week !PIMP
ATH is getting lower each cycle I think last time it was 3.2X so based on that diminishing peak my expectation still is between 120-150K BTC of course I hope to be happily surprised
Thanks for the Pick!
so you are not buying the supercycle narrative? LOL
i remember 3 years ago talking about your exit strategy and good to see you executing your plan.
I am not buying full-stop.
I have planned my exit from the start and so far if I would just sell my ALTS in my selling portfolio I would be in profit on my investment without touching any of my other holdings.
So for now I love it when a plan.....
lolztoken.com
count as resistance training?
Credit: marshmellowman
@mypathtofire, I sent you an $LOLZ on behalf of whywhy
(1/4)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
I wonβt sell anything this year. Q1 will bring another nice upwind imo.
Definitely q1 would be the first possible cycle top and I will have to sell 84% of my selling portfolio in Q1 but I need to get in the mindset because selling is hard if you don't practice imo
I was buying a lot of those tokens before they were cool! ADA, ALGO, XLM, XTZ, I hope they all moon!
Oops I hope I did not hurt your feelings !LOLZ
But they are decent projects the only thing is that due to their age they do not really have that 50X potential anymore. Then again I do not call it crypto casino and educated guessing for those who can lose a few thousand for nothing......
lolztoken.com
He wanted to take up residence.
Credit: reddit
@bozz, I sent you an $LOLZ on behalf of whywhy
(2/4)
I don't expect to get much out of them, but if they can go maybe 10x to 20x this cycle I would not be complaining. They have to pump at least a little once alt season starts.