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The hardest part while investing in crypto is not surviving the bear...

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by COINS NEWS 102 Views

...it is, at least for me, to find an exit strategy in a bull run and - even harder - stick to it.

I've been in crypto since 2015 and have been throwing serious money (for me, may be a laughable amount for others) at it since 2017.

Did I get anything out when I was at x6 in Jan 2018? Of course not, I saw it dwindle away in the next bear, even below my initial investment.

Did I realize some gains when I was at x12 during the peak of the last bull? Nopeydinope. I've been free falling since then.

Am I stressed by the bear? No, I learned in the first to not check the charts.

What stresses me is to prepare for the next bull. To define a point where and how to exit. It's addictive to see your portfolio grow and grow and the fear of selling just before another x2 is real.

Use the time you have now, while the bull sleeps and make a plan. And once you have a plan. Stick to it. It will be hard but it's better to miss the last x2 and realize some gains because that gives you money to DCA during the next bear and buying during the bear is what makes the next bull even more rewarding.

Look at me, after two bull runs I'm still not rich and I don't have any money to buy in at those firesale prices because everything I have is already in and I can't afford to add more at the moment.

My plan was to get money out in the last bull to reinvest now but I didn't. Don't be me in the next bull run.

submitted by /u/xiagan
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