Placeholder Partner: This cycle may not reach the $10 trillion target
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2024-12-06 09:03 4,502
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Golden Finance reported that Placeholder partner Chris Burniske posted on
This is a good mantra when rebounding from market bottoms and will prove to be in the right direction during this cycle, but will eventually be overtaken. That said, as we enter a period of heightened mania, with dreams inflated and bull market geniuses emerging, it's important to stay realistic.
For example, 2021 was littered with predictions of $100,000 for Bitcoin and $10,000 for Ethereum, but at the time we peaked around $70,000 and $5,000 respectively, and Bitcoin is only just reaching that mark now — and that’s a lesson .
Furthermore, if you buy below $1 trillion and target $10 trillion, I think it is reasonable to take profits in tranches from $3 trillion to $10 trillion. No one loses money just to make a profit, and missing out on potential gains while harvesting profits along the way is just psychological pain. "