BTC is currently 67k, up from 64k 3 to 4 days ago. Nothing exciting has occurred, with the exception of BTC maxis performing a good celebratory dance. It is a great time to be a Bitcoin maxi. In 2020, I owned some Bitcoin and Ethereum, and I witnessed a massive price increase.
I did not want to take risks, so I sold and made some good money, but there were more massive moves, and I sold too soon. Consider holding that BTC and selling at the current price in 2024. No one, absolutely no one would intentionally not take profit.
Crypto is supposed to be life-changing; we all believe in technology and the future, but if you do not survive the present, you will not be able to support it. For every coin you sell prematurely, you risk losing future gains, but your current financial situation will thank you.
Unless you are a collector, BTC should be held and sold when it is profitable. Most people are more sentimentally attached to certain altcoins that feel like home, which is why most people sell BTC in the fourth quarter of the year before the bull run and buy back in the first quarter of the bull run.
I do not regret selling my small amounts of BTC and Eth back then; it was how I made significant changes in my life, paid my medical bills, and so on; I would have been hurt if I had sold Hive. Why? Hive is more convenient for me, as well as many others.
However, I am also celebrating those who are BTC maxi.
A win for one means a win for everyone.
This means a significant run in BTC means alts will feast, maybe slowly, but surely. However, I believe that 80% of cryptocurrency holders rely heavily on altcoins, so many people are not celebrating.
However, this position is fragile; we could easily fall back to 60k, and alts will take a bigger hit, but October is expected to end strongly for crypto.
Why 2025 Must Happen For Me
I have bet a lot on this upcoming run, and I have even taken on a lot of expenses and debt in the hopes that they will be paid off by the end of it. Is this foolish of me? Probably yes. Perhaps a little more than "probably" or with certainty "yes".
So, if cryptocurrency does not have a strong run by the end of Q4, I will most likely be one of the most affected. The thoughts are nearly impossible to think about. I could be literally bankrupt, incapable of supporting myself or repaying any debts I may have incurred.
It is probably foolish to believe that an event will occur at a specific time when there is no evidence of certainty, only gut feelings, permutations, historical predictions, sentiments, and so on, but I can not go back now.
I have incurred these debts, and the bull run will have to pay for them; it feels like a bad decision, and it most certainly is, and I do not want to look for a reason to justify my actions. All I have left is hope, and that is not enough.
Foolish Decisions
However, I am not the only one who has done this; many others have, and most of the decisions we make in crypto are probably stupid until they start to pay off. When they do not pay off, it becomes extremely bad. I have played my cards well, with the exception of not waiting for the appropriate signals to begin incurring debts, but there is no need to apologize now; the alts must perform.
So, do I wake up thinking that the market might not run the way we expect it to, especially since the market is not mirroring the previous cycle? Yes, I do, and it has nothing to do with what will happen in the next six months, but rather with my own fears.
We are all aware that our sentiments and fears about the market are frequently incorrect. The market will do what it will do, and patterns may not always match how we expect them to, but we worry about bears more than we do about bulls.
Why am I saying so?
We had BTC break its ATH earlier, and many people thought we were in for a wild ride, but six months later, we are panicking and not as optimistic as we were. So, was this a red flag? Many people didn't see it as a red flag, but they're probably thinking October not being a complete moon month is a red flag.
At this juncture, the market has developed a mind of its own to the surprise of everyone. So if you're out there, banking on hope, you probably feel helpless and confused, you should, but then I'm overly optimistic more than pessimistic. I think you should, too.
Predictions Do Not Work Anymore
Nobody can accurately predict what will happen in this upcoming run, but I believe we will be able to produce some good results. 2025 is the bull market year, and the worst we can do is match the performance of the previous bull run without doing anything extraordinary, and even then, profit should be made, even if it is not going to be outrageous.
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I too am prepared for the worst that might happen next year pertaining to the bull run. But that's because I've taken calculated risks, and whatever the results of the markets I won't panic knowing I tried my best. Nonetheless, I have high hopes, hope as high as my first $10,000. It's not 100% assured but I will keep investing and keep hoping. I would say you have taken adequate steps in preparation for the said bull run and I pray it happens and you get to stabilize your finances. Thanks for your thoughts on this matter and have a great day.
Hehe 10k$ well it's not technically impossible. It depends on what you're actually banking on, I mean the coins you're banking on, because you'll need some good liquidity to take profit from.
Yeah. I've got some reliable plans in place for that. Thanks for your reply.
Predictions with crypto from past performance isn't holding as true anymore. Just look at September, it wasn't the usual disaster. I think we're in new territory, hopefully we'll see some massive gains very soon!
!hiqvote
September wasn't bad as October isn't as exciting, but BTC is beginning to do some some significant moves which means it'd probably not over until it's over
Hope it assists many who rely on a to get through lean times there are many, when a little push happens it could go either up or down again depending on how people react.
No longer try looking too far into the future it really is survival for majority of late.
Thanks for the well wishes. Yes, many like me are apparently reliant on the big push, it'll do a lot for me..
Hope it works for you this time, financially difficult times!
Fingers crossed we see a face melting 2025. I know many stacked alts the last couple of years while Bitcoin ran up to its new ATH. I personally wouldnt feel good have a big alts bag versus Bitty.
Technically, I think hold BTC but bank on alts for some great profits. But I can't follow my advice, I wish I could go back in time..
But in consolation and like you've said, 2025 could be melting..
yes, we need a face melting 2025!
BTC hitting an ATH sooner than expected coupled with the fact that it was right after A VERY LONG BEAR put serious selling on it. Everyone that had bled tremendously from the bear was looking to take quick profits and buy back in when the market corrected(which was what ended up happening). However, the correction was steeper and lasted longer than anticipated. Again, another effect of the sooner ATH hitting. All these things are part of why this Bull market is so unpredictable. The sentiment in the market is very dynamic, which is why it's unpredictable. There's no clear extremity of either fear or greed, which are important in FOMOing or FUDing people into and out of the market to start and sustain trends.
Most people who have seen some previous action expect Q4 to be bullish. But I'm a little scared when "most people" think something would happen. To be fair, there is far less hype around crypto at this point than in the past, so we should still have a decent distance to the top.
That's a great question as everybody is thinking only about the positives and for a sure bull run. While I hope 2025 will be the year when I take profits, I will not drop down if that doesn't happen. I guess is a matter of handling the expectations.