There are 4 phases of a bull market.
We are nearing the end of Phase 2, the so-called run-up or early bull run.
In this article, you'll discover how to:
· Navigate each phase of the bull market
· Maximize your gains
· Avoid the most common traps
Here are all the secrets to help you catch 1000x this bull run
Phase ①: Accumulation
This is where we used to be for quite a long time.
We have seen many scary events such as the Luna collapse, the FTX collapse, the Binance fud, and the USDT depegging.
However, it was during these times that the major players accumulated significant positions.
No new liquidity is entering crypto.
No volatility, no narratives, only depression among everyone...
The market's price action was boring and choppy, leading many paper hands to leave.
But now we can see that this was really the preparation phase.
What happened after all this?
Bitcoin skyrocketed to its all-time high and even surpassed it.
Essential tips during this phase
➬ Avoid overtrading:
Don't sabotage yourself by betting recklessly on bad ideas because of boredom. Focus on survival first; winning comes later. Don't play poor poker hands just because you're bored—wait for the good ones.
➬ Build your positions only in quality projects:
Seek out projects poised to thrive in the upcoming bull market. Focus on those with product-market fit, competitive advantages, active development teams, solid roadmaps, and strong financial metrics.
➬ Keep some capital in reserve:
The allure of investing in many undervalued older projects is strong, especially since they’ve plummeted 90% from their peaks. However, consider this: the top performers of the next cycle likely haven't emerged yet. People prefer being “early” to a brand-new project over reviving an old one.
➬ Fill in your knowledge gaps:
This phase is the amazing for learning, not the bull market. The bull market is about capitalizing on available opportunities. Use this period to deepen your understanding. You don't want to be caught off-guard by a new protocol during the bull market and need to catch up on its fundamentals.
Phase ②: The Run-up (early bull market)
This phase is marked by rising prices, leaving bears in disbelief.
Disbelief can be detrimental.
Bear market PTSD holds you back from making gains.
However, the sooner you find yourself in this phase, the more you should make risky bets before the masses show up.
What sparks a bull market?
• Innovations and hype:
In the last cycle, we saw DeFi and AI take the stage. What’s next to capture our attention? GambleFi? A resurgence of NFTs? Maybe DePIN? RWAs?
Likely, there will be areas we haven't conceived yet.
• Economic shifts:
When the Fed finally cuts interest rates, it will open the gates for more market liquidity.
• Regulatory updates:
Clearer and more crypto-supportive regulations from the U.S. and other countries could be a significant catalyst for crypto growth.
• Reducing barriers:
Improved wallets, streamlined account setups, and user-friendly dapps could make a huge positive impact on onboarding new users into our sphere.
Simply put, a major single event can trigger a domino effect.
A few individuals make life-changing money, upgrade their lifestyles, and tell everyone about it.
This slowly spreads throughout their surroundings, repeating the cycle over and over again.
Phase ③: Distribution (peak bull market)
This is exactly when normies start flooding into the market.
This is exactly when even your grandma wants to buy ETH and stake it.
The funny thing is that people are entering phase 3 out of 4, but in their minds, they think they’re entering phase 2 out of 5...
Bull markets are self-reinforcing.
What does that mean?
As prices rise, it generates FOMO, creating a positive loop that drives prices even higher.
In the end, everything goes up.
Just look at the charts from the 2020-2021 cycle.
Investing just $1,000 in a shitcoin could potentially transform your life.
FOMO and euphoria kick in.
It seems like the festival will last forever, and exactly in this moment all rational thoughts take a step back.
People are quitting their jobs to become full-time crypto degens.
Some are even selling their houses to invest in crypto assets.
But by thinking this way, they may be making their biggest mistake, as the peak could be very near.
The main question you probably have is: can you identify the top?
Yes, you can try. Here are some signs:
➬ Everyone starts showing off their crypto gains.
➬ Mainstream media begins covering crypto extensively.
➬ Crypto YouTubers start uploading more than three videos daily.
➬ Popular brands start mentioning crypto just for hype.
➬ Celebrities cash in through sponsorships or launch their token/NFTs.
Remember, everyone will try to convince you that this time is different.
You must fight against your instinct.
The key during this phase is to focus on your take profit levels.
The party won’t last forever.
Take some chips off the table.
Your future self is hoping you’re not foolish.
If you never take profits, the market will take them back and teach you a very valuable lesson.
Phase ④: The Run-down (decline)
What goes up must come down.
The bullish surge will hit its zenith, and speculation will arise — was that the real peak, or are we at the beginning of a prolonged "supercycle"?
People will tell you that this time is different and that we're all going to get rich.
Be wary of discussions about super cycles, Bitcoin lengthening theories, or dubious charts.
Remember, everyone is financially incentivized to keep the party going.
They need to keep the audience engaged for as long as possible.
Remember, there will be moments of glimmer and hope.
Bitcoin previously peaked in November 2021. Despite this, there was still activity with OHM forks, FTM/Solidly, and Luna.
And, once the price finally falls, the Capo will appear and say, “I told you so.”
✪ Why I'm not leaving and why I believe we'll see another great bull run
I've dedicated a significant portion of my life to my career in crypto.
I have the strongest belief in our space.
Let me make it simple.
Society and culture have made life increasingly difficult for the average person.
A college degree and a job are no longer enough to secure a home.
Living costs keep rising, and the middle class is vanishing.
Meanwhile, societal pressure to succeed continues to grow.
The new generation isn't interested in the long term.
They want to get rich now. Instant gratification is the goal.
Dopamine receptors are fried, and there's pressure to have a fantastic lifestyle and prove to everyone that you're the main character.
Humans are inherently greedy and will always seek the 100x return.
And as we know, crypto is selling dreams.
There's no faster way for people to realize their dreams than through crypto.
This is why I think crypto is our best chance to thrive, not just survive.
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