My First Million cover image

The Man Who Owns 1% Of ALL Bitcoin

My First Million

NOTE

Pomp On Timing The Cycle vs Setting Price Targets

In the world of crypto, selling is driven more by the cyclical nature of the market rather than specific price targets. Unlike traditional stock markets where investors may sell based on overvaluation, in crypto, selling is more about identifying where we are in the market cycle. It is challenging to determine the value versus price for cryptocurrencies, leading to a focus on timing the cycle instead of setting price targets. The decision to sell is based on specific timeframes like the end of the year, the beginning of the next year, or a particular date in the future, rather than on valuation metrics.

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