A couple months ago when the bear market was at one of its craziest levels, I made a post about how the bear market was when the next set of crypto millionaires are made and this is because people now had the chance to get into their favourite crypto projects at reduced prices. Also, investing in the bear market gives you a very good understanding of the possible next bull cycle and when to take profit. But while we all wait for the bull run and all the excitement that comes with it, right now is the time to make your bull run plans.
I have quite alot of friends who got into cryptos just when the bear market was over or in the bull run really didn't seem to have a plans to take profits from their investments until it was too late to do so. Some also started taking profits from a very early stage and didn't really get as much profit which isn't a bad thing but with a good plan, they might have been much more happier with their profits.
It is important to start making plans now for the bull run. This plan should include which cryptos you'd wanna be holding till then, if you would be selling or not, how long would you wait before taking your profit and the percentage, what strategies would you use when selling etc. All these are important and play a role in how happy you'd be with your actions after the bull run has ended and another bear market begins.
I've made plans already but some of my plans are susceptible to changes like which cryptos I'd add to my portfolio. Making plans now will also protect you to a good extent from the FOMO and excitement that made so many people lost focus on the most important thing the bull market which is to take profit and prepare to invest again in the bull run.
I'm glad most of my close friends now know better and it's nice seeing how prepared they are this time. Hopefully, you my dear reader finds this post useful as well.