[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Am I A Fool For Selling Already?
Did You Miss Me?
I hope not; that would mean you have less of a life than I do.
Last week in the first episode of βππ§ππ£ ππππ ππ π¦π£ πΉππ₯ππ ππ, I tried to answer the question of whether we can dump on retail this cycle.
I took quite some time to answer that question, which could have been answered with a simple YES.
Now you can take my word for it, but there is one person who proves my point and that is:
My Mom 76-year-old mom who 3 years ago was very skeptical, told me this week that she was listening to some podcast that touched on crypto and she understood the reference to BTC as the Digital Gold.
That to me speaks louder than Trump.
And the renewed interest in Dead ur Elderly Coins such as XLM and ADA. Robinhood Retail is buying and they buy what Robin Hood gives them:
Of course, this refers to US retail as the rest of the world has a few more options.
But retail is coming and they come at exactly the same time they came last cycle:
And within a few weeks, the impact became clearly visible.
But....
In general, retail investors tend to hold cryptocurrencies for a shorter period during bull markets, they are motivated by big gains and they are only there for speculation and profit-taking.
They come in because they hear The Gospel of Greed:
[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Sell Into "The Gospel of Greed"
Follow the Money
Hence if they are now coming in, I am getting out....slowly. Because I follow the money and do the opposite. I buy when everyone else is selling and I sell when all are buying.
I love a beautiful Bloodbath, feeling uncomfortable is such a motivator for buying.
Right now touching ATHs and seeing BTC dominance above 60% the cracks are showing
But that happened last cycle as well still Dominance peaked in December and ALTs exploded from Jan but the first signs were in November.
Why I donΒ΄t wait
Selling takes time, practice, and patience.
If you start selling after BTC dominance peaked you will have little time and might have missed some selling opportunities. But what you miss for sure is the selling mindset.
You will be in greedy euphoria, and you will feel like the pump will never end. You will not want to sell, as you are afraid to be missing out on even bigger profits.
So you will wait and procrastinate finding a million reasons not to sell.
Then by May, you will start doubting your own actions and holding on to influencers that call for one big pump in May before retail goes on holiday.
Waiting on a Pump that never comes
That procrastination is listening to the end tune of The Gospel of Greed, and you are still holding while the top for most tokens has already passed you by.
Because yes most coins made their ATH in that short October, November 2021 push.
But coins like LINK, LTC, UNI, ICP to name a few never reached a high again since April/May 2021.
And your mind will procrastinate, it will tell you to wait, and to not sell.
You end up holding a huge bag.....
That is why I want to get in the selling mindset and if you have been around the blockchain as long as I have you picked up some coins that are already 3, 4, 5X. Why not sell a little, you never know what tomorrow hodles.
If I need to sell 100% of my ALTS by May 2025 I have 6 months. Hence I need to sell 16% of my portfolio each month starting from the day the Trump Pump(TP) began.
16% in Stables by December 6th
Last week I mentioned that just one week after the TP I went from holding 0,2% in stables to 2,5%. This week I really pushed my mind into profit-taking mode and it worked.
Mainly thanks to Mantra (OM) and XRP I went from 2.5% in stables to 7.5%. So over the next 2.5 weeks, I need to do another 7.5% to get close to that 16%.
Still, itΒ΄s just a number and I also know that I can do 10% one month and 20% the next month because the trend should remain upward for a while.
The thing is that your total holdings, or at least mine should also go up. My selling Portfolio did 17% up over the last week.
Hence the fiat amount I need to sell each time to ensure I sell everything by May will go up as well.
If I do not start now with little amounts on the way up, how can I convince myself to sell 1000 dollars a week in March?
If there is one thing I learned from last time, sell gradually on your way up and have selling points of no return.
Bikini Bottom Line
Feel free to hodl for eternity, itΒ΄s fine to keep stacking.
But if you had a plan....
And that plan involved dumping on retail....
You better get into that mindset, because selling is scary.
Because we were told by the orange man to never sell our Bitcoin.
Fortunately, that means I am allowed to sell everything else.
No, I am not looking for fiat, but I do see Gold as an opportunity to hodl till we reach the next bear market.
Stay Tuned and See what I am doing next week!
Thank goodness you made it till the end Pees, Love and I am out of here!
