We are in a bull market, even though it looks as if both Bitcoin and Ethereum have taken a little break and are moving sideways and have been doing so for some weeks. That is, most likely, a necessary breather, before they will keep on pushing, or maybe before the prices will fall as the halving takes place and people will sell the news, like we are used to seeing.
But, I wanted to share this little quote from ChatGPT that it just created for me, in which I can find a whole lot of wisdom, even though the quote has been made by a machine.
"In the frenzy of a bull market, it's tempting to let emotions drive our decisions. Yet, true success lies in the ability to stay calm amidst the chaos, strategically taking profit as the opportunity arises. For it's not just about riding the wave, but navigating it with clarity and discipline, ensuring our gains are not just fleeting, but sustainable."
When everyone else is buying, you need to be disciplined enough to sell... Bing Designer.
There are lots of important words in this quote, and sustainable is one of them. For something to work over a longer period of time, you need to walk with wisdom so that you can keep the ride, even when the market decides to move in a different direction. We all look for cryptoprojects that will stay around, also during bear markets. We see lots of shitcoins die between bull markets, simply because they never intended to survive, and they were just made for quick profit during the bull markets. But, just like you want to invest in tokens that are sustainable also during bear markets, you want to have a strategy yourself, that makes you able to survive during the bear market.
One important part is being disciplined, and taking profit whenever you have the chance, and according to plan.