This round of cryptocurrency bull market, when will I cash out?

Recently, many friends have left messages asking me if I have realized the chips in my hand?

I guess it may be because the big drop came too suddenly and too violently, so everyone was caught off guard, and they didn't think about the countermeasures psychologically, so they urgently need recharge beliefs and operational references.

I can reply to everyone truthfully, I am still the same, and I have not sold any chips.

Regarding when I will sell in this bull market, I mentioned in a previous article: My expectation is that Bitcoin will start to be liquidated in batches when it is close to $100,000. But whether it is 100,000 US dollars or not depends on the development of the market in the future.

If the development of the market is rapid and skyrocketing, I am afraid that the bull market will be very dangerous and will not last long; but if the market is advancing like waves, with one retreat and three advances, then I will most likely wait for $100,000.

But if all my expectations and predictions are all wrong, and Bitcoin neither skyrocketed nor reached $100,000, but turned around at a middle price and led the entire market into a bear market, then what should I do? I also wrote: Then hold the chips in your hands and wait for another four years until 2024.

Now that we have encountered such a good correction, this fully proves that at least so far, this round of bull market is going very healthy, and it is still within my expectations, so I will not realize it now. If this round of correction can last for a month or more, then the future development of this bull market will be better, so I expect this correction to continue for a period of time from the bottom of my heart.

What are the advantages of our ordinary retail investors over institutional investors? Just being able to endure the torment of the market downturn and the torment of loneliness. Now is the time to show our strengths.

Let's take a look at the following news:

"The $32 billion Grayscale Bitcoin Trust (code: GBTC) has plummeted 20% this week, surpassing the 13% decline in the world's largest cryptocurrency Bitcoin. Wednesday's closing price was 0.7% lower than the underlying asset. The premium has disappeared without a trace.

According to Bloomberg Intelligence research, the disappearance of the premium suggests investors are looking to exit as Bitcoin’s rally stalls after piling large sums of money into GBTC as they sought to participate in Bitcoin’s stunning rally. "

We all know that Grayscale's investors are mainly institutions. This news shows that institutional investors are stampeding out of the market during this sharp drop.

I have repeatedly said in articles that institutional investors are just retail investors with large amounts of funds, and chasing ups and downs is still the nature of most institutional investors. So among the Wall Street investors I know, there are only a handful of whom I admire from the bottom of my heart.

The phrase "three positive lines change their beliefs" is always used to describe retail investors. In fact, this sentence also applies to institutions. We will continue to see that these institutional investors who have left will come back. When Bitcoin soars again, they will find new stories to explain why Bitcoin is soaring, why it is valuable, and why it is worth buying.

I once wrote in the "My Investment Experience" series of articles that after a series of blows, my new investment habits made me very indifferent to the rise and very interested in the plunge.

This big drop got me interested again. I immediately discovered that another target I liked had fallen within the fixed betting area. Not only me, but some readers also mentioned in the comments that CRV has dropped to as low as $1.7.

What I want to remind everyone is that this price is a fixed investment price, not a Stud price. I don't have the operation of stud, only the operation of fixed investment.