The importance of being Staked
If you pick a quality project like ICP and you buy it at the bottom of the bear market it is very important to be locked/ staked for the bull market, because when it pumps your monkey brain is always going to be thinking about trading it. I bet you there are a lot of people that are selling their ICP at 10 dollars right now that are going to regret it in a month or two.
The huge return comes from the price point that you get in compared to the theoretical fair value in the bull market that you give the project. Not from trading it. The biggest risk is that you exit and it leaves you behind right now.
My personal situation is this. My average price is 5 dollars. My thesis is that sometimes in 2025 we are going to reach the crypto cycle top. This coin will be worth between 200 and 400 dollars whenever we get to the top of the cycle in my opinion. This is what? Between 40 and 80x from my entry price. I dont need to trade it and to stress about it. If i make 40x im good. If i make 80x on it im even better. So chill and wait is the best thing to do in the bull market.
The huge return comes from the price point that you get in compared to the theoretical fair value in the bull market that you give the project. Not from trading it. The biggest risk is that you exit and it leaves you behind right now.
My personal situation is this. My average price is 5 dollars. My thesis is that sometimes in 2025 we are going to reach the crypto cycle top. This coin will be worth between 200 and 400 dollars whenever we get to the top of the cycle in my opinion. This is what? Between 40 and 80x from my entry price. I dont need to trade it and to stress about it. If i make 40x im good. If i make 80x on it im even better. So chill and wait is the best thing to do in the bull market.
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