Bitcoin 2024 $BTC
The history of cryptocurrencies is marked by bullish cycles that often lead to the loss of many investors due to human emotions such as fear, greed, and FOMO (fear of missing out). It is essential to understand market structure and follow some rules to maximize profits and minimize losses.
Cryptocurrency market cycles follow predictable patterns, primarily influenced by FOMO. Investors must be aware of the emotions involved and understand when to sell BTC, ETH, altcoins, and memes. During altcoin bull runs, they can generate higher profits than BTC or ETH.
Rules for maximizing profits include thinking of market gains as a salary, buying based on expectations and selling based on news, and asking yourself if you would buy a token from your portfolio right now. Additionally, a list of factors to consider when analyzing a promising token is provided, such as upside potential, major investors, and the project's roadmap.
In summary, it is crucial to stay calm and follow a disciplined approach to avoid losses and achieve consistent profits in the cryptocurrency market.
