But this bull run is VERY different from the last.
If you're serious about 'making it' this cycle, read this thread.
🧵: Your guide to the golden crypto bull run.👇
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This bull run is fundamentally different from past cycles.
The introduction of the $BTC spot ETFs, a more experienced core crypto contingent, and the prominence of the on-chain 'trenches' have fundamentally changed the game.
There is a lot of money to be made, potentially more than any other cycle - but it requires discipline.
In this thread, I will go through the 23 rules I'd abide by this cycle.
It combines learnings from my last 6 years in crypto, and observations based on recent meta shifts.
1. ONLY BUY TOKENS YOU BELIEVE IN
If not, it's going to be incredibly hard to hold through volatility - and the temptation to rotate will be strong.
This is what wrecks most people in a bull run.
Build a strong thesis and stick to it.
2. BEFORE YOU BUY ANY COIN, DYOR
You must invest in projects you genuinely understand and that fit into your investment framework.
Don't just take someone's word for it.
Team, community and tokenomics are especially important.
3. BEFORE YOU BUY ANY COIN, REFINE YOUR THESIS
Define your technical/fundamental validation and invalidation
• Create a spreadsheet with research notes, which you can refer back to
• Conduct a SWOT analysis (below)
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4. PAY EXTRA ATTENTION TO TOKENOMICS
There are some amazing projects out there, but due to poorly designed tokenomics/vesting schedules, they fail to perform in terms of price.
5. PRIORITISE STRONG ALTCOINS
There are 2 criteria I have:
• Must be from a strong narrative
• Must be exhibiting strong price action on a relative strength basis
Of course there are outliers, but you'll likely do better prioritising strength vs trying to catch laggards.
6. DEFINE YOUR GENERAL STRATEGY
• Are you a trader or investor?
• What % of your portfolio is allocated to long term vs short term
• What % of your portfolio is allocated to large vs small caps, and to which sector
NEVER go into the market blind.
7. DEFINE YOUR PROFIT TAKING STRATEGY
This is the big mistake people make.
They enter a position with no idea of how they plan to exit that position.
Read the thread below for my full strategy.
TLDR: A DCA ladder-out system is best, based on pre-determined increments.
8. DON'T OVER ROTATE
This is one of the biggest mistakes I see people make.
And it usually stems from a lack of conviction/thesis (as discussed earlier).
Only rotate if it's strategic, don't do it on a whim just because you're bored and you see something else pumping.
10. DON'T OVER-DIVERSIFY
I honestly believe the optimal portfolio in this market is between 10-15 core holdings (80% of your portfolio $ wise), then you can spray-and-pray with the remaining 20%.
Don't hold 30-40 tokens in your core portfolio. It becomes impossible to manage.
11. DON'T RELY ON PRICE TARGETS
It's better to implement a DCA in-and-out system based on general time ranges/price action.
Never try to time an exact top or an exact bottom.
Price targets can get you rekt in the event a coin narrowly misses your target, then retraces.
12. PAY ATTENTION TO MACRO
Picking the right coins is important, but timing in crypto is even more important.
The best coins can become bad trades at the wrong time, and vice-versa.
If you want to know my general theory regarding where we are in the cycle, read this thread.
13. DON'T MARRY YOUR BAGS
Aside from $BTC, most assets in crypto go down -90% at the end of the cycle.
Don't get caught up in the euphoria of the bull and assume things will go up forever.
14. BE REALISTIC
I'm actually relatively conservative with my portfolio goals.
If you're trying to 20x your portfolio, accept that there's a chance you get yourself rekt due to added risk.
The more outlandish the target, the higher the risk.
I aim for realistic numbers.
15. UNDERSTAND ROTATIONS
This is hard to master, and is mainly achieved through time in the market.
But, the more aware you are of new trends & rotations, the better you'll be at positioning your portfolio.
Crypto is an attention economy. Understand where it's flowing
16. FOLLOW THE TREND
When the music is playing, dance.
When the music stops, run.
Recognising when the trend is shifting (i.e. risk on vs risk off) is an important skill if you want to maximise your gains.
17 MANAGE YOUR PTSD
This is especially applicable for those who went through last cycle.
It's tempting to jeet at the first sign of green, but ironically the most successful investors in the market are the ones that are able to hold through volatility.
19. REFINE YOUR DAILY ROUTINE
If your mind is scattered, your portfolio will likely be scattered too.
Be purposeful about how you conduct your research each day.
20. PICK A NICHE AND BECOME AN EXPERT
I highly recommend digging deep into one vertical and becoming an expert in order to create a bigger edge.
It could be:
• Trading
• AI, memes, DeFi
• News trading etc.
21. REFINE YOUR INFORMATION SOURCES
Don't watch 20 different YouTubers, follow 10 different traders, and subscribe to 5 Discords.
It's better to refine your feeds and curate a higher-quality list of people/products you trust.
It will make sticking to your strategy much easier.
22. GET MORE INVOLVED IN THE INDUSTRY
This is a super underrated approach.
There are so many opportunities in crypto, whether it be:
• Moderating a community
• BD
• Joining a project
• Offering services
• Creating content
The more involved you get, the more opportunity.
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23. JOIN A COMMUNITY
It's so much easier to succeed in crypto when you're surrounded by likeminded people.
You also expand your "luck surface" by combining brain power.
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