Two Rules for hodling (non negotiable)
1. Commit to discomfort
2. Commit to consistency
Discussion
3. Enjoy the ride
3. Commit to winning at life
Does your buying behavior change in bear markets vs. bull markets? Or are you a consistent buyer regardless of price?
I donāt have an income right now. So unfortunately not a buyer. I play a different game these days. Iāve been trying to make more bitcoin by investing in bitcoin startups. Higher risk, higher reward.
But if I was to give advice it would be to pause your DCA a few months into the bull market. Accumulate dry powder during the bull. Then begin buying when it makes you feel sick to your stomach. Your buys should feel stupid, like youāre throwing money away. If you donāt regret making the buy it probably isnāt a very good buy. Then after I had deployed all of my dry powder I would begin to DCA again until a few months into the next bull.
How do you determine when a bear market has ended and the next bull market has begun? Is it based on the halving? A percentage increase off the lows? Do you use previous cycles as a model?
nostr:note15rz4nd64l5kp0mr2pxcsg8f87vft0j54s7utgkqaaafhvfpujwesgs86wd
Or one rule: commit to uncomfortable consistency