Right now I'm in a state of mind where if something goes down, for me that's an opportunity to buy. My idea is to stick with this plan until mid-2025 and then I'll start thinking about selling into HBD or other stables. It would be nice to end this year with a bunch of extra HP and liquid HIVE 😅
Consider trading alts into Bitcoin as well.
It's easy to get greedy at the top and trading up into Bitcoin is a good way to remain greedy but reduce underlying risk.
I'm going to remember it :) but when the alts will be close to the top the same won't be true for BTC? I mean, when the bull run will come to its end, aren't we going to see all cryptos drop in value?
Yes but we have no idea when that will happen and Bitcoin crashes less than everything else.
So if we sell in this way and we are wrong Bitcoin will still go up and we'll still make some money. And if we are right we'll save a lot more than if we were holding alts. I'm going to be on the lookout for good BTC/USD liquidity pools to farm which will end up being a great way to hedge against the bear market.
In addition to all this the Bitcoin bear market only lasts and year and alt bear markets can get wrecked in a "crypto winter" that lasts multiple years.
Thanks for the explanation: it makes perfect sense! I can't wait to see what this 2025 will bring to us :D I'm eager to see if I will be able to make the right choices at the right moment.