Navigating the cryptocurrency market can be overwhelming, especially for new investors. The unfortunate truth is that many newcomers don’t see profits until the next bull market—and even then, many still fall short. Why does this happen? It’s simple: understanding the market requires experiencing a full cycle.
During a bull run, everything feels like a win. Your portfolio looks unstoppable, and it’s easy to believe that the growth will continue indefinitely. But eventually, the market shifts. One day, you might wake up to find your portfolio down by 35%, and panic sets in. Some rush to sell, others see it as a buying opportunity, but the real winners are those who had the foresight to gradually take profits before the market turned.
As the market declines, you’ll find yourself waiting for a recovery that never fully comes. Weeks turn into months, and soon you realize the bull market is over. What you thought was just a dip was actually the start of a prolonged downturn. Now, not only are your profits gone, but you’re also in the red. This tough experience is invaluable.
It’s the lesson that teaches you how to truly succeed in crypto. I’ve seen many crypto-millionaires lose everything because they didn’t know how to manage their gains.
This is just my perspective, and I hope it resonates with those on their crypto journey. If you found this helpful, I’d appreciate your support.
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