Write it on The Wall, Stick To The Plan and Don't Fold

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Looks like poor Bitcorn is not yet finished with crawling back up to fresh air from its steep airless cave(the $16k to $17k area) and the following famous quote describes perfectly my feelings regarding the crypto market right now.

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”
-Sir John Templeton

Are we yet in a bull market? Frankly, I don't know. I'd say though that we're pretty much over with the bear season. We might crabwalk for a while after the pump tempers down a bit, and after the cooling down period, we're gonna have a proper damn bull market.

Just like we got in previous cycles. However, if you pay attention to the altcoins market you will notice that they have come to life as well. Some keeping pace with Bitcorn, others being a bit slower in that regard, and a bunch of them outperforming it by a large margin.

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The way I see it, A.I.-related coins have benefited from some really nice rallies lately, and tbh I was informed about that happening prior to the actual rally, but I was skeptical about it. Some girl on twitter did shill a bunch of her A.I. coin picks a few weeks ago that would perform well in the next bull market.

I didn't feel like "recomposing my portfolio" though. I don't know why but I stuck with my holdings. I guess the previous experience with DOGE and ETH from back in 2018-2020 has left me with a bitter taste regarding over-diversifying and continually changing my picks.

I have pretty much placed my bets before the bottom happened and unfortunately, I haven't been able to catch the insane sales on them, but I'm fine with my entries and I got a strategy that I'm sticking to. I'm so determined to make it in the next bull market that I almost scratched my selling targets on the wall so I don't miss on nailing them or be tempted to unload too soon.

I know that it is tempting to swing from one coin to another, just because the current holding is not pumping as it should, or because it is not benefiting from the hype, and so on and so forth. This bull market AI tokens might get overly hyped but although being in the early stages of the bull market(probably not even in one already) I don't feel like recomposing... I really don't.

I know that if I do that I won't stop and will once again waste another bull market like I pretty much did the last one. There's always gonna be a bunch of them rallying and looking tempting while yours look like missing it, but trust me, they'll all make you money if you just simply stick to your plan. Be ruthless with your emotions and don't fold.

Otherwise, you will find yourself falling easily for temptations and jumping like a monkey from one tree to another missing most of the bull market goodness. I don't know about you but I have my strategy pretty well nailed and sticking to it. I'll have to do a fresh painting for the wall once I've dumped the last coin of my portfolio though :).

Anyway, remember that BTC was supposed to hit $100,000 and it didn't that leading to many of us not taking profits when we should have had, so don't fall again for the same mistake. That's it for today. I hope you have/had a great Monday and see you next time.

Thanks for your attention,
Adrian

Posted Using LeoFinance Beta



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3 comments
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Emotions are hard to separate from, but they are also bringing joy when we get on the winning side. I am glad at least that during this bear market (which probably is not over yet and might continue if another crisis is invented), I performed DCA to strengthen some of my assets. We shell see what the future reserves for us.

Posted Using LeoFinance Beta

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investing can be an emotional game

It all about waiting half the time you either get a bit richer or lose everything :)

So whos got a coin

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