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67 sats \ 2 replies \ @0xbitcoiner 13 Feb \ on: If the SHTF, don't expect bitcoin to rocket to the moon bitcoin
Good advice! I've seen all the Bitcoin crashes, but I only experienced one after my first. I was already “vaccinated” from bear markets in traditional markets, and, as expected, I learned the hard way. I have several years of experience in the markets, not as a trader, but as a medium/long-term investor. I needed that experience to learn that we should buy while the market is falling and sell when it's rising. We should spend Bitcoin to enjoy the wealth we've created, not watch it vanish when the bears come. If it's not like that, when will we enjoy the wealth we've built? When we're old and bedridden? Being contrarian is easy to talk about but hard to execute. What's important is having a plan and sticking to it without hesitation. The best advice I can give is to keep things as simple as possible and always think in the medium/long term.
I needed that experience to learn that we should buy while the market is falling and sell when it's rising. If it's not like that, when will we enjoy the wealth we've built?
Could you elaborate on this a bit? I'm curious about how you've experienced the up/down moments. I'm guessing you're not talking about selling +20% of your portfolio in the up moments...
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I don't apply this rule to Bitcoin because I firmly believe in its value, so I try to make it the last thing I sell while I'm alive. But when it comes to traditional markets, especially sector ETFs and another promising stock, my strategy is to do DCA during bear markets. When the bull market comes, I sell everything once I identify it's over and start buying again. I'm not looking for quick, massive profits; my strategy is to achieve consistent returns over the years. Over the last 10 years, I've been able to maintain an average return of 15% per year.
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