Zinger Key Points
- Crypto trader cautions Bitcoin hodlers to avoid the mistakes that he made in his initial trading days.
- Another trader calls this area a "danger zone" but emphasizes that dips are buying opportunities.
- Get New Picks of the Market's Top Stocks
Bitcoin‘s BTC/USD reclaim of $100,000 has sparked a frenzy of bullish posts on social media, with seasoned traders highlighting how to keep a cool head in the midst of the bull market.
What Happened: Experienced trader Ssaasquatch cautioned newcomers to tread carefully and avoid the pitfalls he faced during previous cycles.
The trader shared his story of buying Bitcoin at $900 in 2016, turning it into $650,000 by the 2021 bull market peak, only to lose it all by failing to secure profits. “Painful? Absolutely. But I don't want you making the same mistakes,” he said.
He advises traders to define their “life-changing money” threshold—whether it's $20,000, $1 million, or more—and switch to a defensive strategy once they reach it. “Building wealth is about taking risks, but sustaining it requires careful, low-risk strategies,” he explained.
Ewgi’s Strategy or Preserving Gains:
- Convert 30% of your portfolio into stablecoins (evenly split between USDT and USDC).
- Gradually increase this allocation by 5% monthly until reaching 50%.
- Beyond 50%, reduce the pace to 2.5% monthly increases, capping at 60%.
This disciplined approach helps mitigate risk while still allowing for market participation.
What's Next: As Bitcoin hovers above $100,000, trader Altcoin Sherpa warns of a “danger zone” and expects market reactions at these levels. Still, he views any dips as opportunities to buy into the broader bull market momentum.
Another trader, FlowHorse, suggests the market could be nearing a peak within one to two quarters.
Historically, euphoric talk of ever-larger price targets often signals the end of a cycle.
He believes Bitcoin has already “won,” but expects a final rotation into altcoins before the bull run concludes.
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