Avoid Borrowing to Invest Out of FOMO: Don’t fall into the trap of taking out loans to invest due to the fear of missing out.
Don’t Borrow to Chase Higher Returns: Even if you're lucky enough to enter at a low point and see over 100% returns, don’t borrow money to make additional investments just because you feel it’s not enough.
Stay Away from Paid Signal Groups: Beware of people you’ve never heard of claiming to be investment experts and trying to lure you into their paid signal groups.
Ignore Those Bragging About Profits: Don’t be swayed by people posting screenshots of their portfolio profits to boast openly.
Set Clear Profit Goals and Reduce Greed: Determine your profit targets clearly and avoid letting greed cloud your decisions.
Stick to Your Convictions: Whether you’re a staunch believer in Bitcoin or prefer a diversified portfolio including altcoins, don’t let others sway your beliefs. Stay firm, analyze, and invest according to your principles.
Understand the Essence of Each Cryptocurrency: Don’t just view cryptocurrencies as investment opportunities—try to grasp the underlying principles and purpose of each one.
Pay Attention to Public Sentiment: The market is a psychological battleground. Overheated markets are often driven by public sentiment, and understanding this can provide valuable insights.
Always Be Skeptical: Whether someone sends you a direct message or approaches you kindly, maintain caution and skepticism towards everyone except yourself.
Finally, Selling Is an Art: From the moment a bull run begins, remember this, prepare, and keep it in mind for when the time comes.
