HOW TO LOSE WHILE EVERYONE WINS IN A BULL RUN
Bull runs are the golden moments in the cryptocurrency market. Prices soar, portfolios grow, and social media becomes a frenzy of people bragging about their gains. Yet, amidst the excitement, some people manage to lose money while everyone else seems to be winning. How does this happen? Let’s dive into the common mistakes that can turn your bull run experience into a financial nightmare.
1. FOMO Over Logic
One of the quickest ways to lose in a bull run is by letting emotions like fear of missing out (FOMO) take control. Imagine a coin that has already pumped 200% in a week. Instead of asking, "Is this still a good entry point?" you rush in because everyone on Twitter is hyping it. Days later, the coin corrects, and you’re left holding the bag. like pepol how buy $ACT &$PNUT in top
2. Over-Leveraging📈
Leverage can multiply your profits, but it also multiplies your losses. During a bull run, people often get overconfident and use high leverage in futures trading. A slight market correction can liquidate their positions faster than they can say “bullish
Stick to reasonable leverage or avoid it altogether if you’re inexperienced.
3. Chasing the Wrong Coins
Many investors chase after low-quality projects, believing every coin will moon during a bull run. Scammers also take advantage of the hype by launching new tokens with no real value. By the time you realize the project was a scam, the developers have vanished with your money.
4. Not Taking Profits
The phrase “diamond hands” often gets thrown around in crypto circles, encouraging people to hold their investments indefinitely. But in a bull run, failing to take profits can mean losing your gains when the market reverses.
Lesson: Take profits gradually and don’t be greedy.
The 2021 Dogecoin Frenzy
In the 2021 bull run, #Dogecoin soared from a meme to massive hype. Early investors made fortunes, but FOMO drove latecomers to buy at its $0.73 peak—only to watch it crash to $0.16, $DOGE wiping out portfolios.#BTC☀ #betcoin