🔵 Bitcoin Bull Run Cash Out Plan – Part 3 – Preparation – When Will Altcoins Peak?

1 53

Written by

ColinTalksCrypto

Cryptocurrency Blogger - https://ColinTalksCrypto.com

3 years ago

● Bull Run Cash Out Plan Part 1 - https://youtu.be/dq6LtKWb77k

● Bull Run Cash Out Plan Part 2 - https://youtu.be/T_dJZdX-01Q

00:00 Introduction

00:33 No one knows what the true price top will be for Bitcoin & crypto.

01:48 Demonstration of bull market in action

03:09 Past Bitcoin peaks, % rises and % drops

04:41 Selling too early (missing profits due to cutting bull run short)

07:12 My price target & profit-taking strategy

08:24 “Cashing out” is really for the ultimate purpose of owning more crypto. (“Cashing out” is really just a temporary hedge against bear market correction)

10:08 Holding vs not taking profits

10:48 Look at the big picture ($100,000-$200,000 or more). Don’t undercut yourself.

11:35 The 2 biggest mistakes one can make during bull run.

11:58 Are we there yet?

12:27 Altcoins peaks. How do they time with Bitcoin?

14:02 Final thoughts. Follow me for future updates.

--------

Video structure:

1. Due to popular request, I’m doing more cash out plan videos.

2. We don’t know where the top is going to be. And no one knows where the top will be. We only have educated guesses, and anyone who tells you they know exactly where the top will be is lying because it’s impossible to know that.

Here’s an example of what I’m talking about. If we were [here], would you think we were getting close to the top?

• (slide graph over a bit). Now what about [here]? Would you sell? If so how much?

• Keep sliding chart over until we’re actually at the peak

It’s difficult to know, in the moment, what you later know in hindsight.

You don’t know where the optimum selling points when the graph hasn’t unfolded yet.

3. We do have examples of the types of moves that Bitcoin has made historically (show chart and go over it)

4. The follies & mistakes made in regard to timing and price triggers. For example: Crypto Chico originally said he would start his “cash out” around $30,000 or $40,000 price of bitcoin. More recently a subscriber told me he changed this to start around $13,000 bitcoin.

Altcoin article referenced:

https://medium.com/@silvestrimichela.s/predicting-bitcoins-next-highs-f9046328e1ed

- - - - - - - - -

Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

#bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price #cashoutplan

CREDIT: Subscribe Button by MrNumber112 https://youtu . be/Fps5vWgKdl0

- - - - - - - - -

⚡ ColinTalksCrypto.com ⚡

💜 EOS donation address/account name: colintcrypto

💜 Ethereum (ETH) address: 0x5b90414Aeb115f910698304E63C2C3092739c9c0

💜 Bitcoin Cash (BCH) address: qpzc3apy9s8x2qtlqxxgnalfxtzgnkg5nq352w9k2t

💜 Bitcoin (BTC) address: 1Da6ivdriJpzqnLkNEa1XnKk5nGCiyRZrF

💗 YouTube: http://youtube.com/ColinTalksCrypto

💗 Twitter: https://twitter.com/ColinTCrypto (@ColinTCrypto)

💗 Facebook: http://fb.me/ColinTalksCryptocurrency

💗 Steemit: https://steemit.com/@colintalkscrypto