8 months ago
64
Bitcoin has doubled in value since September 2024. Price started the month off dipping to $53,000 before rallying to a high of just under $110,000.
It’s been quite a run, hasn’t it?
Bitcoin, and the wider cryptocurrency markets, has been known to life-changing wealth for numerous people.
Some of them achieved this financial freedom thanks to their foresight and recognition of the revolutionary technology behind blockchain. Others made it purely on luck.
But I’ve seen too many people throw those gains or completely lose it all for nothing:
- People take the round trip. They never take profits even after seeing insane gains during the cycle.
- Others take profit but put it on other coins. Some either go heavily and lose it all or some invest when the cycle is coming to an end and end up having to wait years.
- Yet others who spend it on liabilities to show the world what they have made.
I think it’s essential to develop a game plan for what comes after. So I’m here to share with you what I usually do after every cycle and what I’ve learned from my personal mistakes.
English (US) ·