Messari Founder’s Strategies for Crypto Gains in Bull Market
As we step into 2024, Ryan Selkis, the founder of Messari, shares valuable insights on crypto investment tactics with his substantial social media following on X (formerly known as Twitter). Selkis emphasizes the importance of holding onto assets, particularly Bitcoin, during the initial months of the year.
His approach focuses on identifying the right moment to realize gains, specifically when the market-value-to-realized-value (MVRV) ratio escalates to two or three times its normal level. This surge often signals an overvaluation of prices in the market, presenting a prime opportunity for investors to benefit.
Your job right now should be to hold on for dear life to BTC for the next couple of months, then take some gains as MVRV crosses 2-3.
Set aside half for taxes and use the other half to play the hot ball of money game if you must.
But in Q1 a) HODL & b) create a strategy.
— Ryan Selkis (d/acc) (@twobitidiot) January 8, 2024
Selkis advises investors to be prudent with their profits. He suggests allocating half of the gains for tax purposes and using the remaining portion for further investments. This balanced approach not only safeguards against potential tax liabilities but also allows investors to continue engaging in the market.
Understanding the Market Dynamics
As the crypto market evolves, staying informed and adaptable is key. Influential crypto analyst Neuner provides his perspective to his significant social media audience. Neuner advises against rushing into investments, even as the market shows an overall upward trend. He likens the current bull market to a marathon, suggesting that we are still early in the race with plenty of opportunities ahead.
Neuner emphasizes the importance of patience and strategic planning in trading. He warns that a hasty approach often leads to significant losses, a common pitfall for many investors. Instead, he encourages a more measured and thoughtful approach to investing.
Additionally, Neuner points out the changing nature of the market, highlighting that popular coins in previous cycles may not hold the same value in the current one. He uses the example of PEPE, a cryptocurrency he previously identified as an essential market indicator. As of the latest reports, PEPE’s value stands at a modest $0.00000117. Neuner explains that the performance of such coins can offer insights into market saturation, serving as a useful tool for deciding when to exit the market.
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Filed under: Bitcoin - @ January 9, 2024 12:13 pm