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For those who have been through a couple of bull and bear markets, what are you doing differently now?

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by COINS NEWS 55 Views

For context, I am rather new in the crypto field and have only been through 1 bull cycle (bought my first crypto in 2020). For the crypto veterans on this sub, is there anything you are doing differently now when compared to your first bull and bear market?

For example, when it comes to DCA into crypto, it is pretty self-explanatory. You set aside some money each month and put it into your desired coin. But, what happens when your coin enters the bull phase and starts skyrocketing? Do you still DCA in or hold until a price where you would sell? Do I sell more than I buy at this point? How are you guys preparing for the next bull market besides just buying up crypto on the low?

As for keeping your cryptos, do you still hold a large portion of it in CEXs (in my case, yes)? Or have you migrated to using digital wallets or hardware wallets? Do you still utilize any centralized staking platforms to earn yield or are your coins completely off the grid now?

Thanks in advance for sharing!

submitted by /u/Qptimised
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