✍️ This is my PREDICTION and PLAN for 2024.
🙅♂️This is my personal opinion and not financial advice, always DYOR.
✴️📈Prediction: 2024-2025 may have a new bullrun, large money flows will pour into the crypto market and there will be many new trends and narratives to attract a large number of users to the market.
🌈Reason:
✨After BTC ETF was approved, many funds and big players from traditional markets such as stocks, bonds, and real estate will pour into this.
✨At the same time, new trends such as #AI, #RWA, #WEB3, #Inscriptions( #BRC20, #DRC20, #SRC20...), #GAMEFI will explode more next year.
👉And this is an opportunity for you to x10, x100 your assets if you have a good strategy.
✍️And this is my plan and strategy for 2024.
First you need to have a clear goal and next I always remind you that risk management and capital allocation in investing is the most important thing so I will share how to manage it. mine in previous articles.
1️⃣ Clear goals.
✨How much do you plan to invest in crypto, and what do you expect to achieve?
There are usually two ways to set expectations: by time or profit.
We can set both goals at the same time and whichever comes first we will take profit accordingly.
✨Time for crypto: Most of you are not full-time for crypto, but almost everyone has a full-time job and investing in crypto is just a sideline.
✨So, allocate your time appropriately, for work, for family, and how much for crypto.
👉Never give up your main job to pursue trading if you are not ready.
2️⃣ Allocate capital and create a portfolio
⚡️Long term (50%-60%) investment for 2-5 years
I will focus on Tokens that have a good foundation and team, have high capitalization and liquidity, and have a large backer behind them.
The characteristics of these tokens are large capitalization, so there will be no opportunity to multiply assets too much. Expect to be able to x5, x10 x10 in the next bullrun.
Here are narratives include Token watch list which i will focus in next bullrun :
☀️LAYER1 : $ETH $BTC $MINA ,$ICP $FTM $SOL $CSPR $SEI $SUI $BNB $INJ $RON ...
☀️LAYER2 :
🧩 ETH Layer2 : $ARB $OP $MANTA #zkSync #BLAST #Starknet
🧩Bitcoin Layer2 : $MAP $STX $RSK ...
☀️AI Tokens : $FET $TAO $ARKM $RNDR $AI
☀️ Inscriptions ( BRC20, DRC20, SRC20...) :
🧩 BRC20 Tokens : $ORDI $RATS $SATS $Ligo $ORDS $SAVM $BTCs ...
🧩DRC20 Tokens : $DOGI $BUNNY $DOXX $FIWB $BEEZ $UNIX
🧩SRC20 Tokens : $STAMP $KENVIN $SATO $STMAP
☀️ #RWA Tokens : $ONDO $CFG $PENDLE
☀️ #GAMEFI Tokens : $XAI $GALA $ILV $SAND #1CAT ...(update more latter )
☀️ #WEB3 Tokens : $GAL #API3 $AUDIO $EDU $THETA $ALT
👉When you choose a portfolio, don't buy it all at one price, do DCA, never buy it all at one place.
⚡️ Medium term (20-30%) from 6 months to 1-2 years : watch list will be updated
⚡️Short term (10-20%) from 1-6 months and depends on the trend : watch list will be updated
3️⃣ Risk and security management
✨Diversify your investment portfolio and don't put all your eggs in one basket.
✨Always pay attention to security and scams everywhere in crypto to protect your assets.
+ For long-term portfolios, you should put them in a hard storage wallet.
+ Don't connect or click on strange links
4️⃣ Look for opportunities in new trends.
✨ New trends often have a very high level of risk but also bring very high profits to you if you know how to participate and know capital allocation and good risk management.
✨ #MEME or the new trend will still exist in the market because human nature and psychology is to like lottery and get rich quick. And this game is for people with knowledge and game creators.
✨For these trends, you should only spend 10-20% of the capital in your portfolio. If you have $100 for the lottery, don't invest it all in 1 token, divide it equally into $10 for 10 tokens.
✨Suppose that out of these 10 tokens, you only need 2 x20 tokens, 2-3 x10 tokens, and the rest are divided many times, then you have won.
5️⃣ Do research and improve your knowledge.
✨ I really like the sentence that: "what you become is more important than how much money you have".
👉 If you have the knowledge, even if you lose all your money, you can still do it again.
✨So always invest in your knowledge, spend time researching and improving your knowledge if you decide to go long term with crypto.
✨You will be able to stand on your own feet if you have the knowledge. Investing in something you don't understand is like gambling.
6️⃣ Always remember to take profit.
✨ If you make a profit but don't remember to take profit, it's all just a number.
✨The money in your bank account is your money and that is still the ultimate goal of your investment.
I know everyone expects to get rich quickly, wanting to multiply your capital hundreds of times, but know enough and take profits when you reach your target expectations.
👉 And taking profits should also be done gradually, and not all at one price. For example, when x2 you can close 20-30%, x3 you close another 10-20%, x5 you close 10%..
🫡😍Finally, I wish you a successful investment year in 2024!
#Write2Earn #TradeNTell