The state of the crypto market, let's talk about it. The pros and the cons as to where we are right now.
One of the cons that I've mentioned numerous times now, with Bitcoin getting to $100,000 as quickly as everybody wanted it to, one of the cons were going to be the fact that if altcoins don't catch up with Bitcoin rising, every pullback, every correction, and every crash, altcoins that have not really done well are going to suffer.
This has been a very Bitcoin-dominant bull run, and that's great for Bitcoin holders who are holding Bitcoin. As you guys know, I've been holding Bitcoin, Solana, and Ethereum, and I've been swing trading the altcoins as the cycle goes through.
Trading the altcoins on the upside and using stops and profits and proper risk management on the way down to protect myself. Whereas in previous cycles, one of the biggest mistakes that most traders and investors make is getting attached emotionally to their crypto investment.
Believing that it will be here long term, 5 years or 10 years. And it's actually a fact that every single cycle, the top 100 cryptos are always different. Only a handful of cryptos actually stay every cycle.
So if there's one thing that you learn from this video, and you share with your friends, and you share with others in general, is don't get attached to any crypto investment. Always have an exit strategy. If you plan to hold on for dear life for that crypto, it better be Bitcoin, in my personal opinion.
Because every cycle is different. Look at every single meme coin that has been talked about this entire last year. There was no long term game plan. They're all down 90% right now. And those who never took profits, those who never took healthy profits, those who never got out, never took their initials out, they are losing.
And one of the biggest things that I've preached is initials out and take your healthy profits every cycle. And I hope that you genuinely, genuinely read my article and consider a new game plan or strategy. If you're finding yourself at the end of every cycle down, because you forgot to take profits. Stay safe, and be sure to follow, like, and comment for more. Not financial advice.