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RE: My profit taking strategy while riding the hype of the current crypto bull run

in LeoFinance2 years ago

Is it different and will it last well into 2025? No one knows and history tells us it should be similar. If you take profit too early that is also as bad as not taking profit and I think we are in for a lengthy bull run still. People are suggesting that this could end this year meaning it is one year short of the 4 year cycle and I am not buying it.

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In my opinion I would give it 6 months from the Bitcoin halving. I believe if will be a faster bull market, with unseen ATHs which are not sustainable for a long period, thus this estimation.

Possibly this is a correct assumption. The ETF's and now ETN's from the UK will impact the prices for sure, but they are institutions buying and not selling so why I am not certain this bull cycle will be so straight forward. I still think 2025, but will have sell orders in place just in case.