Selling Crypto: Strategy, Timing, and Discipline

TLDR; The video warns about the importance of selling crypto at the right time to secure profits, providing a strategy for identifying the top of the market and emphasizing the need for a disciplined approach to selling.

⚠️ The Importance of Selling

The speaker emphasizes the importance of selling crypto at the right time to secure profits.

They warn that failure to sell regularly at predefined periods on the way up is the biggest mistake one can make in the market.

The speaker advises the audience to write down price targets for their assets and the corresponding amount to sell, highlighting the need for a disciplined approach to selling.

💰 Selling Strategy

The speaker provides a personal selling strategy, intending to sell a portion of their coins when Bitcoin hits $80k and again at $100k.

They highlight the need to stick to the plan, even when it's uncomfortable, and emphasize the emotions and animal spirits that can challenge following the plan.

The strategy includes looking for blowoff tops and signs of tremendous volatility around the $100k marker.

📉 Identifying the Top

The segment discusses various indicators for identifying the potential top of the market, such as the mvrv zcore, seasonality, and the coinbase app ranking.

The speaker mentions that finding the top is an incredibly difficult art form and emphasizes the need to force oneself to sell regularly at predefined periods on the way up.

🎮 Gaming Leaders as Indicators

The speaker suggests looking at gaming leaders, such as immutable, to spot blowoff tops, emphasizing the importance of combining elements to understand the market's strength and potential weakness.

They highlight that blowoff tops might not be as obvious with Bitcoin due to Wall Street buying pressure and that the top coins in gaming may function to show a blowoff top more easily than Bitcoin.

🧾 Plan and Emotions

The segment emphasizes the need to make a plan for selling and to stick to it, discussing the challenge posed by emotions and animal spirits when trying to stick to the plan.

The speaker points out that the biggest risk as the market goes higher is being too greedy to take profits and ending up another statistic.