The pie has exceeded US$50,000, what’s next?

Sure enough, the pie directly exceeded 50,000. The pace of this wave was very tight, with little reaction time. The historical high of the pie was only 69,000. After a year of decline, it took another year to To 50,000, it can be said that when the bull market arrives, 100,000 will be a relatively easy point. However, it is a pity that this wave of copycats has not obviously followed the rise. From the perspective of allocating and reducing positions, the positions that can be reduced are only the big pie and the chips of selling high and buying low before, and a wider range of profit taking is needed. etc.
What is gratifying is that the last time the market hit the market above 45,000, I asked everyone in the group to take back the chips to reduce positions. Looking back, although the time was not the lowest, the price difference was quite large, which was considered a good operation. However, objectively speaking, we did not boldly increase our positions in this wave of market conditions. The main reason was that we were worried that this wave of ETF benefits would materialize and become a turning point in the Mavericks market. Being cautious caused me to miss out on the greater profits of this wave of market trends. Fortunately, the market is still dominated by the big pie. Next, we can make up for it by chasing the popular coins appropriately.
What's going to happen next? Since the pie has exceeded 50,000 so quickly, it will definitely not turn around immediately in the short term. At least it will attract a wave of short sellers first. However, according to the plan, it is a good time to take profits above 50,000. My judgment is that the space above is limited. Combined with the previous judgment that the market in the next six months will be "widely volatile", it is my decision to reduce positions on rallies and reduce positions in batches. suggestion. Considering that this wave only has big cakes, and the copycats have not officially launched yet, we will first reduce the strong ones, and then if the copycats with independent market prices happen to be above our allocation, we will boldly sell more than half of them.
Of course, up to now, it is definitely the most comfortable to have a heavy or even full position, but there are very few people who can really hold a full position without moving. And there is a paradox: people who can take a large position in a bull market will most likely not sell in a bull market, or at least it will be difficult to take profits on a large position. So, our core question when investing in crypto is, do you want to know whether crypto assets are part of your overall asset allocation, or do you want them to be an important source of profit? If it's the former, you can buy it in batches and hold on, because the long-term value of crypto is still growing. If it's the latter, you have to sell when it's time to take profit. Don't worry about going short, after all, you've already Make money.