When you have made way more than you expected, way quicker than you expected thats usually a good sell signal. Capital preservation is the most important thing, also realise when your compulsive gambling rather than investing. Greed and impatience is your worst enemy. You dont have to make a million today or this week, plenty of opportunities will come down the pike, and when they do, you know you will make money rather than hope.
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Very well said, I've made a point of limiting my crazy defi ventures to 5% of the crypto portfolio - I'm focusing on stacking stablecoins now, I can't think of a better way to preserve one's capital in Cryptoland!
Tether is your best friend, but remember we are in a bull market. You dont want to be bearish in a bull market and vice versa.
My current aim is to gradually shift about 8% of the current value in Stable Coins - that's about the perfect hedge for me - it's not a huge proportion and that's enough for me to have a nice chunk secure - not life changing, but for me enough to think 'OK that's nice'.
that sounds the right approach, tether a percentage on the way up to make you feel comfortable. Thats what i did in 2017, the way its going it either going to go on all year or end soon and become bearish. I think there is more probability its just getting started, 2021 will most likely make 2017 look tame.
I get the same feeling - I'm finding BSC and BEPswap pools quite an easy way of moving to stables - I've got various strategies, some of which pay me in crazy defi coins, so it's not even entirely bearish!
@jphamer1 yeah entering a right trade at the wrong time or the wrong trade at the right time will cause chaos so that is why one should buy when the market is bullish and be bearish when the market is bearish....