You can have the best Altseason plan on planet Earth, but it’s worthless if you don’t follow through with it.
It’s easy to hypothetically set rules and boundaries — the difficult part is applying them when the time comes.
Most people will mess up this second part.
They’ve spent months:
• Learning basic TA concepts. • Studying cycle top indicators. • Setting realistic portfolio targets. • Understanding human psychology. Etc.
But the problem will arise once it will be time to switch from theory to practice.
They will feel completely lost.
Greed will cloud their judgment, leading to a making a lot of mistakes that would have seemed impossible on paper.
Moral of the story?
Be aware that during the upcoming Altseason or the euphoric part of the cycle, you’ll be your own worst enemy — not the whales, not politicians, not the mainstream media, not other people, but YOU.
I’m not saying that there’s a possibility that what I’ve described above might happen.
IT WILL HAPPEN.
So now that you know, put a bulletproof system in place, even from that perspective.
The biggest problem during easy mode isn't making profits.
Not surprisingly, everyone is doing that (at least on paper).
The biggest problem is keeping it.
Here's how the journey looks for 99% out there:
1️⃣ $1000 to $3000 2️⃣ $3000 to $2000 3️⃣ $2000 to $5000 4️⃣ $5000 to $4000 5️⃣ $4000 to $10,000
6️⃣ $10,000 to $6000 7️⃣ $6000 to $8000 8️⃣ $8000 to $4000 9️⃣ $4000 to $2000 🔟 $2000 to $800
You'll not find many people (even newbies) that have not seen their portfolio in profit at one point.
In the early stages they are making a ton of money. They go as far as yelling their friends and family they made like $1000 in a single day!
Every dip also doesn't last long so they keep it.
Eventually the market turns around and they don't know any better either.
"A dip? We always bounce back no worries"
(not realizing at one point it actually doesn't anymore).
It actually bounces back initially.
"See! We back up again!"
But it's actually a lower high this time and every single time the market dips it does bounce back to confuse them BUT it's always lower than before it and it never comes back to the old highs at all.
In the end they are left with nothing.
Ironically every single one of them thought they were making a bucket load of money. Even telling their friends they did.
In reality none of them did.
The art of seeing your portfolio in profit is an easy one.
Again, it's extremely hard to find someone in a bull market that tells you their portfolio isn't in profit at one point.
But finding someone that keeps it? Extremely rare.
These days when I hear a friend of mine tell me they are making profit (and they are completely new) I know for a fact they are not.
Make those profits fam, but more important, make sure to keep it.
Former 🇬🇧 UK Minister John Baker has been approved by an advisory committee to take up a paid advisory role at Bitcoin-native venture capital firm Axiom.
The committee found no conflicts of interest and advised Baker to adhere to the "7 Principles of Public Life."
🇯🇵 Japanese energy and automotive firm Remixpoint to allocate over 💴 ¥500M (💵 $3.2M) in Bitcoin as a strategic hedge against the depreciation of the Japanese Yen.
In crypto it’s easier to go from $10k to $100k, and $100k to $1mill than going from $10 to $10k.
Why?
You need a 1,000x on your portfolio.
Hitting a 10x on your overall portfolio is difficult.
Started with zero is harder.
If you’re starting on a small portfolio you should:
🔶 Increase your income
That’s so easy to say, no-one gives any advice on it.
1: Find something you’re truly passionate about.
2: Find a way to create attention on your passion.
3: Find a way to monetise your passion.
Why do you need to be passionate about it?
🔶 You need to work on it when you don’t want to.
Consistency is required to build attention around your passion, if you don’t have a passion in it then you won’t work on it when you don’t feel like it.
It will feel like work.
Build your income so you can take full advantage of crypto.