The profit illusion in crypto bull market

The current rise of BTC suggests that this bull market may outperform the last one. In the last bull market, BTC reached $69,000, but we're already at $53,000 now, which could mean an even higher price before a bearish trend sets in. Everyone seems to be enjoying the bullish trend, except for me because I don't own any BTC. I'm looking forward to the altcoin season so I can make some profits, given the valuable lessons I learned from the last bull market.

Towards the end, a lot of individuals got excited and carried away with the idea that BTC would reach a value of 100K. The hype surrounding BTC at that time was insane, and everyone was eagerly anticipating it. Many of my friends did not take advantage of the opportunity to make a profit because they were also following the trend, hoping that BTC would eventually reach 100K. Although some of them made a few profits later, they did not sell at the right time. They ended up selling some of their coins when BTC dropped to around 45k. I believe they could have done better.

We all have price in mind

We all have a price in mind when it comes to selling our coins. However, sometimes the hype surrounding a particular coin can lead us to set unrealistic prices, causing us to miss out on the chance to sell at the right time. It's important to have a realistic price in mind for the coin we are holding. But, some of us are looking for life-changing money and we might set a price that is too high, causing us to lose the opportunity to make a profit.

So many people are always scared to sell their coins just because they don't want to miss out on future profit, and they have forgotten that markets don't respect anybody's opinion, markets don't follow anybody's will, and markets won't give us a sign when it reaches the top, Also, it won't give us a sign when we're in a downtrend. that is why we must always consider making a profit rather than trying to get rich quickly or having a fear of missing because when it comes to investment, what matters is the profit, not how you could have sold at the top of the market.

No profit is too small

Many people believe that investing in cryptocurrency during a bull market will lead to massive profits that can change their lives. However, this is often just an illusion, as many end up not making any profit and even regretting their decisions. Some even buy at the top of the market in hopes of making insane profits, instead of taking profits when they have the chance. I've seen people who gain 20x their money in the bull run but waiting for an opportunity to sell for 100x and they choose to hold onto it. Unfortunately, when they finally decide to sell, they end up losing all their profits, including their initial investment capital.

We must consider making profits when we invest because that's the only thing that makes the difference. We should free ourselves from the illusion that we must make huge profits in the bull market before we sell coins, or before we sell what we invest in. One of the things we must get right is our timing and setting good prices to take out profit, and we must not try to deceive ourselves by setting unrealistic prices because no profit is too small, as long as we are making profits, it will add up at the end of the day.

thanks for your time.

Posted Using InLeo Alpha