Messari founder Ryan Selkis has shared his tips for handling crypto profits in the bull market. Selkis advises investors to hold their assets for the next couple of months and then take some gains when the market-value-to-realized-value (MVRV) reaches two to three times, indicating potential overvaluation of prices. He suggests setting aside half of the gains for taxes and using the other half for further investment if desired. Selkis’ strategy aims to maximize profits while also being aware of tax obligations.
In addition to Selkis, crypto influencer Neuner has also shared his advice for navigating the current market. Neuner encourages his followers to approach the bull market like a marathon, with plenty of opportunities yet to come. He advises against rushing into trades and trying to time the market perfectly, as this often leads to losses. Neuner also mentions the importance of staying updated on emerging coins and market indicators. One specific indicator he highlights is PEPE, which he describes as a good market indicator for knowing when the market is becoming oversaturated. When people start flocking to PEPE and its price pumps, he suggests it’s a sign to exit.
It’s important to note that as the market evolves, different coins may gain popularity compared to previous cycles. It is crucial for investors to stay informed and adapt their strategies accordingly. Selkis and Neuner both provide valuable insights for handling crypto profits in the ever-changing bull market.