AVOID THESE 10 DEADLY MISTAKES IN CRYPTO!
1️⃣ DON'T OVERDIVERSIFY: Spreading your portfolio too thin across 20+ coins.
✅ Solution: Focus on 5-10 high-conviction coins.
2️⃣ TAKE PROFITS: Holding too long, hoping for higher prices.
✅ Solution: Set realistic sell targets and take profits regularly.
3️⃣ AVOID FOMO: Buying into coins that have already pumped.
✅ Solution: Accumulate quality coins before the hype, during sideways trends.
4️⃣ STAY NARRATIVE-AWARE: Betting on outdated trends or missing major narratives.
✅ Solution: Diversify across leading narratives like Layer 1s, AI, Gaming, #RWA, and DePIN.
5️⃣ DON'T ACT ON EMOTIONS: Panic buying or panic selling during volatility.
✅ Solution: Rely on research and logic, not fear or greed.
6️⃣ HAVE A PLAN: Going in blind without entry and exit strategies.
✅ Solution: Write down buy levels, sell targets, and profit goals in advance.
7️⃣ SECURE YOUR FUNDS: Leaving funds on centralized exchanges.
✅ Solution: Use hardware wallets like Ledger/Tangem for secure storage.
8️⃣ BE REALISTIC: Waiting for unrealistic 1000x gains.
✅ Solution: Use Market Cap, Technical Analysis, and fundamentals to set achievable targets.
9️⃣ DON'T FORGET TAXES: Forgetting to track profits and losses.
✅ Solution: Use tools like CoinTracker or Koinly to manage taxes easily.
10️⃣ DO YOUR OWN RESEARCH: Investing based on hype or influencers.
✅ Solution: Study whitepapers, use cases, and tokenomics before buying.
EXTRA POINTS TO REMEMBER:
🔑 TIME MANAGEMENT: Focus on building skills, not just price-watching.
🎯 DCA STRATEGY: Use Dollar Cost Averaging to minimize risk.
🚨 WATCHING WHALES: Track whale wallets to see where smart money is moving.
🌟 CELEBRATE WINS: Take small wins along the way.
🛡️ RISK MANAGEMENT: Never invest more than you can afford to lose.
📊 TRACK YOUR PORTFOLIO: Use tools like Zapper or CoinGecko.
FINAL WORDS
This bull run is YOUR opportunity to grow.
#bullrun2024📈📈 #MarketInTheGreen #BSCOnTheRise #EthereumAwakening?
