When Bitcoin was over 20,000, looking at 150,000 seemed like a pipe dream, far from reach, after all, that required a 700% increase. Now, it seems there's still a 50% gap.
Ethereum is currently at 2,500, and to reach 10,000, it needs a 400% increase.
All of this is based on the fact that 2025 is the target date, with Bitcoin halving happening in a year, and there’s still half a year left, so there is plenty of time.
Considering the bull market cycle of a year and a half, in the first half, Bitcoin leads the way, and in the second half, Ethereum along with altcoins will surge together.
At the end of January 2021, Ethereum broke through the previous bull market high of 1,400, and we all know what happened next.
Now we have reached this critical time point: before things change, everything is quite similar. If in the coming months, Ethereum drops to 1,000 or 800, that would be something different.
One cannot say that there is still confidence at 1,500; when it rises to 2,800 and then falls back to 2,500, the confidence is not as strong as it was at 1,500.
A correct holding mentality must stem from a firm belief in the upcoming positive market, rather than feeling pessimistic about it. Holding on because of unwillingness and a wishful belief that one can still break even is not the right mindset.
If you believe the bull market has come to an end, then sell everything quickly; you won’t be able to recover any of your initial investment, so don’t torture yourself.