Winter 2021, month of February, snow outside and temperature below zero.
I'm sitting with my hairdresser friend 🙂, drinking beer and talking about an almost unknown topic for us, Crypto...
However, he is not interested in investing, and I, who had heard about Bitcoin a few years before (but had no investment opportunities), started researching.
Day by day, March is approaching, the snow and ice are melting, the temperature is going up, and the prices of coins are going to high, towards some incredible heights.
Like every beginner, due to locked-in coins and the desire to make quick money, I miss the opportunity to take profit and wait for 100K 😀
Spring and ATH seem enchanting to me and I am expanding my portfolio to a large number of tokens at the moment, with the desire to keep them for a longer period.
And then, the "ice" summer and autumn, and the fall as if it was "cut by a saber", brings me back to zero.
I'm starting with education 😀
A real beginner...
Ran, fell, then took to learning how to walk...
By educating myself about the history of crypto, the terms FOMO, FUD, cycles, etc., I stay composed when my portfolio drops to -80, -90%.
At that moment, I knew that a difficult period was coming, but the Bear will go into hibernation at some point.
I don't panic.
I guess a person has to learn by his own example, that the loss of the value of the investment hurts him a little, but if he has enough knowledge, he will not make a mistake and sell the purchased coins.
That's how I, with bags of my coins, waited for more than two years for the top to repeat...
I had good teachers, I added a little to my bags along the way 🙂
So yesterday, after the new ATH, I opened a bottle of brandy that I bought in the winter of 2021, with the idea of opening it when I get rich from Crypto.
I only enriched my knowledge, and as for crypto, the portfolio just came out of the red...
Learning that Lambo was very far away, and that I still had a trip ahead of me, I toasted to a new bull market...
Cheers!!!
And then thinking....
Surely I'm not going to wait for a new Bear without taking any profit, but when, what and how?
After the decline of BTC dominance, my friends told me, there is an overflow of $ to ALTs...
Will it really be like that in this cycle? Will the ETF institutions that made this ATH allow the price of BTC to go down, to boost ALT coins...?
I don't think anyone can give me any answer to this question, because this is the first time that the market is in such a situation...
And I can hardly expect an answer.
Just keep a cool head, I will monitor the state of the market and have a strategy ready, ie, defined amounts at which I will be happy to take profit from part of the coins from my bags...
I have enough brandy, so I will see in the next period whether I will drink it to celebrate the income achieved or to mourn the missed profit.ath