AskLeo - What's Your Plan for The Bull Market?

First things first: Is this a bull market that we're currently witnessing for Bitcoin and some of the altcoins? Well, let's see what Investopedia says about that...

"A bull market is typified by a sustained increase in prices. In the case of equity markets, a bull market denotes a rise in the prices of companies' shares. In such times, investors often have faith that the uptrend will continue over the long term".

So, two main points a bull market has to nail and these are: sustained increase in prices and "faith in the rally." At least for the first one, we can all agree that the price action of Bitcoin for the last year or so is definitely worthy of a bull market. Over a year of an uptrend to me screams like a bull market.

In the case of altcoins, the situation is a bit different as quite a few are still 90% down from their ATHs, but altcoins have different behaviors from Bitcoin itself. They quite often go ballistic, achieving Bitcoin's performance in a matter of days or weeks. Some like Solana and Ripple are already in a bull market, while others aren't.

Market sentiment is still mixed, though. Not many see the sustainability of the rally. That's why the saying goes: "Bull markets climb the wall of worry"...

Anyway, now that I made it clear that to me this is a bull market, my belief goes to the stock market as well, where I also believe we will see new ATHs somewhere in 2024, probably way sooner than Bitcoin's time to score its new ATH. The so-called looming recession is ballooning around but not materializing.

All it does is keep scared investors on the sidelines, missing out on the opportunities the SPX and crypto are currently offering. But without a doubt, there will be plenty of hungry mouths waiting for us to dump our loads on them. Man, that kind of sounds a bit pornographic, but I'll leave it there as it is.

I don't know if I can call myself lucky or not, but I managed to buy the bottom for my bags/bag. My old for DOGE has been resurrected, and when I decided to go almost all in crypto, a quite risky decision for someone living entirely out of crypto, I managed to buy a small portion of the total supply of DOGE at an average price of $0.06.

The absolute bottom for DOGE was $0.049 if I'm not mistaken, but I'm fine with that. In my opinion, DOGE will easily reach $1 valuation, thus buying at five or six cents won't make much of a difference. Anyway... What's the plan though... Well, the plan is pretty simple...

Don't make the same mistakes as in the past two bull markets. And these mistakes are swinging from one position to another and missing out on important rallies and end up carrying on to the bags all the way up and into the bear market. This time I'm sticking with my picks, and I will be offloading rigorously once my targets are met.

I will start my DCA when DOGE hits $0.3, and at that level, I will dump something like 5% of the portfolio; the next level that I will be looking to offload is $0.5, then at $0.7, $0.9, and all the way up to $3.5. I don't know if DOGE will get that high, or higher, that's why I have a DCA plan. I will also take "time" into account.

If one and a half years have passed after the halving and some of my outrageous targets have not been met, then I'll simply dump everything because as what history has proven us so far, the market usually peaks one and a half years after the halving. DOGE is usually a show starter, but this time Solana stole the show. However, I am expecting it to peak before Bitcoin does, and I'm taking that into account seriously.

Why DOGE? Well, an old love and hate relationship and the belief that Elon Musk will do something that will be immensely bullish for DOGE. What that will be, I can't say; we will have to see...

An important thing that I also want to tackle in this post is "bull market cash." So, you got your targets hit, you sold, now what? Well, something like 30% of the entire profits stack will be cashed out into fiat because my savings account is almost nonexistent, and it is a bit frustrating to run on a flat tire.

The next 30% goes into HBD savings because Hive has proved to me resilience. HBD, although not being "too stable," is reliable in my opinion and it rocks a nice yearly APR for a stablecoin, and since I don't want to move everything into the fiat system, I'm choosing the Hive blockchain to park some of my profits and earn some interest on that.

The next 30% goes into other stables such as USDT and USDC, and they will remain in liquid form until the next bear market bottom when I will once again deploy them while 10% of the profits I will be taking after the bull market I will use for shorting the shit out of the market and whatever goes out of that will be my vacations and small swishes accomplishing money.

Wish me luck with my plan, and I would appreciate it if you would also like to share your plan for the bull market in crypto.

Thanks for your attention,
Adrian