

The ART of TAKING PROFITS with Raoul Pal
24 snips May 21, 2024
Financial expert Raoul Pal shares insights on taking profits in a bull cycle. Topics include navigating crypto market cycles, strategic wealth compound in crypto markets, profit-taking strategies in cryptocurrency investments, and insights on long-term investing from successful investors like Bezos and Gates.
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Setting Investment Goals
- Establish your investment goals and timeframe.
- Consider your personal risk tolerance and financial needs.
Raoul's Bitcoin Journey
- Raoul Pal bought Bitcoin at $200, sold some at $2,000, and rebought.
- He learned that holding would have yielded higher returns.
Drawdowns as Opportunities
- Drawdowns are inherent to crypto's growth due to network effects.
- Embrace them as buying opportunities instead of fearing them.