This article will probably blow some of the readers who get to read this blog but I just want to express my thoughts on this topic since I have been reading some comments hoping and wishing for the bull run to come again soon just like what happened last year during the bull run.
To be honest, I'm also one of those people who kept wishing and hoping for the bulls to be awake already after hibernating for quite some time now because who doesn't? I mean, who doesn't want to see the prices of our favorite cryptocurrency coins and tokens flying and reaching their all-time highs? Who doesn't want to feel rich again as if we can already afford to buy the things we have been wanting to buy because our crypto portfolio or bags are now reaching huge amounts of money?
But the more we wish and hope for the crypto market to go in our favor, the more it keeps disappointing us that instead of pumping, the prices of our coins and tokens keep dumping and dumping due to many unfortunate events surrounding the cryptocurrency world.
And we are left with huge disappointment and the only thing we can do now is to wait and hope for the best thing to come, and that is the next bull run or the next bull cycle.
But before you wish and hope for the bull run to come sooner, ask yourself these questions first. "Are you ready?"
Are you emotionally ready?
Assuming that the bull run will come next year, are you sure that you are emotionally ready for it? Are you sure that you have already mastered your emotions and that you can control your Greed when all you can see are the prices of the coins that keep pumping and setting new all-time highs? Are you sure that you will not experience the Fear Of Missing Out again where instead of unloading your bags and selling a portion of them to secure your profits, you go and keep buying at such high prices?
Are you mentally ready?
When the bull run is here, are you sure that you are already mentally ready? Do you already have an exit plan on what to do next when the bulls are already smashing the bears to give way to your favorite bags of coins to reach your desired prices? We all know that the bull run doesn't last long so it is important that we know what to do next once it comes. Should you keep holding your bags waiting for them to reach impossible prices or should you sell most of them so you have something to use to buy back again during the bear market?
Is your crypto portfolio ready?
Don't wish and hope for the bull run to come soon when your crypto portfolio is not even ready yet.
I mean, most of us have probably witnessed and experienced how the bull run can change your life and financial status for the better, especially when you have a lot of good crypto coin holdings. When BCH reached the price of $1,650 alone and you had 15 BCH at that time, you were already a Filipino Millionaire. What more if you had a lot of holdings?
So before you wish for the bulls to come out and be wild again, keep stacking those tiny satoshis that you can earn first, build your crypto portfolio, and keep holding on for dear life so that you will experience massive gains that will change your life positively.
I experienced becoming a Filipino Millionaire not just once but twice last year with my crypto holdings but I wasn't smart enough to do what I had to do because I wasn't emotionally and mentally ready for it.
It's probably the most expensive lesson I have learned last year so I want to make sure that I will apply the lessons I have learned so that I'll be ready and prepared for the upcoming bull run.
Cheers to building our crypto portfolio!
The most common mistake of just HODLing even in the bull market :) We should take profits at least. And yeah, while it's still crypto-winter, we gotta work on our emotions so when the time comes, we will know what to do :)