High performing strategies on Iconomi have one thing in common: they give most of their profits back when the bull market ends. On the other hand, strategies that didn't give a lot back in the past often severely underperformed during the actual bull trending phases.
This shows that there is no ideal recipe to approach a crypto bull market. In hindsight, crypto cycles look obvious, but each cycle is just different enough to catch even experienced market participants on the wrong foot over and over again.
This time around, we are aiming for a more balanced approach by being a bit more conservative and taking profits earlier. This is not entirely optimal for pure bull market performance, but we hope that it will help us make the performance of MAV more reliable and allow us to retain more profits in the long run. Our profit-taking isn't haphazard, it's based on a simulation of past bull markets and our expectations and observations on how this bull develops.
Those who watch the strategy closely will see that we have some holdings in fiat and gold. This is because we think that the bull market is progressing at an unprecedented pace right now and as long as we don't see reliable signs of a temporary cooldown, we believe that a bit of care is appropriate.
Very good and sober look.