On the 21st of May, I have recommended you to add Fida to your portfolio. Today it pumped 45 percent. Iris and Lever will also pump in the next couple weeks.
You better ask yourself this question. Now!!! Many people didn't do it during the last bull market and ended up with nothing.
Setting a goal is of extreme importance when it comes to take your profits. We might be in the imminence of a bull market which will last until 2025. Where will the peak be, nobody knows! So set your goal and take the profit when the time comes. And do it without regrets, even if the market continues to go up after you withdraw. Then wait for the next bear market and invest it again if you wish so.
Be patient, believe in the utility of crypto in our present and future. Don't look for the quick profit and most of all, don't be too greedy!
Some common mistakes that you don't want to do during the #AltSeasonComing :
1. Invest more than you can afford
If you're rushing into selling your tokens, even at a loss, you might be doing something wrong. You're probably putting more money into crypto than you can actually afford to. This will lead you to bad decisions when you're desperately in need of money. Only allocate into crypto the money that you won't need for your daily life or for your monthly expenses. DO NOT PUT ALL YOUR SAVINGS INTO CRYPTO!
2. Being emotional and impatient
It is good to read about the market forecast and being informed. But remember, nobody holds the full truth and nobody can predict the future in a precise way. Always trust your instincts, stick to your plan and wait for substantial profits. BELIEVE IN YOUR PORTFOLIO!
3. Putting many eggs in the same basket
If you don't diversify your portfolio, sooner or later you'll pay the price. Allocate your money into at least 20-30 differents tokens with different narratives. For example, I am not an advocate of meme coins. But still, they represent 5% of my portfolio. DYO RESEARCH AND CREATE A DIVERSIFIED PORTFOLIO!
Everything indicates that this might be your last opportunity this year to purchase some tokens at a very low price.
Altseason is coming and with it, huge profits. This might last for approximately one year, with a lot of up's and down's of course!
My 5 golden rules for the upcoming bullrun:
1. fill your bags 2. be patient 3. don't stress with the red candles 4. gradually fill your bags when the market goes down 5. gradually take profits when the market goes substantially up
Why should you always add some small market cap tokens to your portfolio? Well, because despite being very unpredictable and lead you to total loss, they are also the ones that can easily make you 100x profit.
Here are 3 gems that I recommend you to consciently add to your portfolio:
1. $FIDA 2. $LEVER 3. $IRIS
By "consciently" I mean: Never put too many eggs into this basket. Small market cap (less than 50M) tokens should represent 5-10% of your total portfolio.
I've bought 4 BTC for 1200$ back in 2016. The bad news are: Shortly after, I've sold all 4 of them for 2000$, happily cashing in 800$ (which I've thought was quite good at the time...).
Crypto is all about being patient, being informed, believing in your portfolio.
I've learned my lesson since 2016 and here I am now. Waiting for an imminent bullrun and hopefully to get a well deserved return after waiting 8 years.
My two advices for beginners:
1. Never rush into selling 2. Never spend more than what you are willing to lose.