How I'm Playing This Bull Run After 5 Years In Crypto

Summary

In this video, the speaker breaks down the current crypto bull run, highlighting key phases, from Bitcoin’s dominance and Ethereum’s rotation to the high-cap altcoin surge and altseason. Drawing from previous cycles, the speaker shares crucial lessons: don’t rush in, keep some capital sidelined, take profits on the way up, and focus on a few key narratives. The speaker also advises exiting before the bear market hits and warns against greed. This informative guide emphasizes smart decision-making for navigating a volatile market and making life-changing profits in the crypto world.

Takeaways

• 😀 Bitcoin's bull run typically starts with a surge in Bitcoin price, followed by altcoins rising later.
• 😀 The first phase of the bull run is often marked by a Bitcoin dominance increase, with altcoins lagging behind.
• 😀 Retail participation is crucial for altcoins to start pumping, and it's not expected to come in until Bitcoin hits certain price points.
• 😀 It's wise to keep some capital sidelined during the early phases of the bull run, as new opportunities might emerge later.
• 😀 Don't rush into investments; take your time, and evaluate carefully when entering the market.
• 😀 Ethereum generally follows Bitcoin's lead in the bull run, and its rotation typically begins once Bitcoin hits a certain price.
• 😀 Phase three of the bull run involves high-cap cryptocurrencies starting to pump significantly, often with parabolic growth.
• 😀 It's important to take profit on the way up during phase three—don't wait for the top, as many people regret not cashing out earlier.
• 😀 Focus on key narratives and projects you're familiar with, especially during phase four when everything is in full swing.
• 😀 The final phase involves mass retail participation, leading to altseason, and you should be strategic in this crowded phase to avoid losses.
• 😀 The crypto bear market is brutal, and most altcoins won't survive. Take profits while the market is high and be prepared to exit before the downturn.

Q & A

What is the key event that marks the start of a crypto bull run?

The start of a crypto bull run is often marked by Bitcoin's halving event, which historically triggers a rise in Bitcoin's price and initiates the bull run phase.

What phase are we currently in during the 2024 bull run?

As of 2024, we are currently in Phase 1 of the bull run, which is the Bitcoin pump phase. This phase is characterized by Bitcoin's price increase after the halving, with Bitcoin dominance rising.

What does the Bitcoin dominance chart represent and why is it important?

The Bitcoin dominance chart shows Bitcoin's market cap as a percentage of the total cryptocurrency market cap. It's important because it reflects Bitcoin's strength relative to altcoins, which tends to rise during the initial phases of a bull run.

What should investors do during the Bitcoin pump phase?

Investors should remain patient and keep some capital sidelined during the Bitcoin pump phase, as altcoins typically don't see significant growth. This strategy allows flexibility for future investment opportunities.

What was the mistake many investors made during the last bull run, according to the speaker?

Many investors made the mistake of going 'all-in' too early, without holding any capital in reserve. This left them unprepared for future opportunities and market fluctuations.

How can Ethereum (ETH) play a role in the bull run cycle?

As Bitcoin continues to rise, capital starts rotating into Ethereum, triggering Phase 2 of the bull run. ETH often breaks out after Bitcoin’s initial pump, leading to a period of rapid price increase.

What is the lesson learned from the 2021 bull run about taking profits?

The lesson is to take profits on the way up. Investors should not wait for the top because market corrections can happen suddenly, leading to the loss of substantial gains.

Why is it important to take profits during Phase 3 of the bull run?

During Phase 3, high-cap altcoins experience significant price surges. Taking profits in this phase is crucial because the market can reverse unexpectedly, and holding out for higher gains may lead to missed opportunities.

What should an investor focus on during Phase 4 of the bull run?

In Phase 4, investors should focus on a few key narratives they understand well, such as AI, gaming, or real-world assets (RWAs), instead of trying to capitalize on every trend. Focus helps prevent being overwhelmed by the flood of new projects.

What is the speaker’s strategy for exiting the crypto market by the end of 2025?

The speaker plans to sell everything by the end of 2025, before the bear market begins. They advocate for taking profits on the way up and avoiding holding onto assets too long, which can lead to significant losses during a bear market.