When the market is bullish, money seems easy to make. But most people end the cycle with nothing. A bull market is not just an opportunity – it’s also a psychological test. This makes many not realize that wealth is only temporary if not managed properly.
Prices double in a few weeks. You wait for a correction, but it doesn't come. Prices continue to rise tenfold. A bull market operates on its own rules: price is a story. This story doesn't need perfect logic. If you wait for the ideal entry point, you might miss the opportunity. But even when you join, you need to understand that profits don't really belong to you if you don't take them at the right time.
An impressive growth portfolio but you don't take profits. Why? Because you believe prices will keep rising. But profits only truly belong to you when you sell. Avoid becoming 'rich on a screenshot.' Move 50% to stablecoin when the asset's value triples. Don't transfer profits to higher-risk assets. That's not taking profits, and you need to avoid losing your profits in the market's frenzy.
No one likes to admit mistakes, but the market doesn't care about your self-esteem. Holding onto a losing asset not only depletes capital but also causes missed opportunities. Once you've missed an opportunity, recovery becomes much harder. So, cutting losses is not just a financial decision but also a way to protect your survival in this market. Cut losses to survive, and survival is a prerequisite for winning.
A bull market is not about fundamental value. Projects that attract attention, are simple, and easy to understand will win. Don't try to find the 'hidden gem' in such a cycle. Instead, focus on what others want to buy right now. This is the only way to optimize short-term opportunities without getting lost in distant expectations.
After a cycle, you tend to become too cautious. But a bull market is an opportunity to dream big. Don't settle for small profits. Remember that liquidity in a bull cycle can extend trends longer than you think. So, instead of rotating capital too quickly, focus on the assets you truly believe in. Patience can sometimes be the greatest advantage.
A too-dispersed portfolio will limit your profits. Focus on 5-7 assets: one major coin, one stablecoin, and 2-3 trending coins. If you want to diversify, do it with index funds, not crypto. Crypto is a place to concentrate, not to disperse. This focus will help you maximize the potential of the cycle.
Everyone wants to sell at the peak, but most are wrong. Instead of waiting for the exact peak, gradually sell as prices rise. This helps protect your profits without worrying about timing it perfectly. Sometimes, preserving profits is the real goal instead of risking it for an ideal price that is never reached.
Every cycle comes to an end. When the peak occurs, financial motives make people try to prolong the 'party.' You'll hear the phrase 'this time it will be different.' But it never is. This is your last chance to preserve capital. Recognize the signals of an ending and act before it's too late.
A bull market is both an opportunity and a test. Success doesn't come from intelligence but from discipline. Take profits when you can. Cut losses when necessary. And don't lose faith in yourself. Crypto is a psychological game, and the winner is the one who controls their emotions best. Preparation and the right mindset will lead you to success.