💎💎It's essential that you capitalize on this once-in-a-lifetime opportunity.💎💎

Here's 10 Mistakes to avoid if you want to 100x your portfolio in the Bull Run:

Make sure you avoid these mistakes too. 👇

1️⃣OVER-DIVERSIFICATION

If you are investing less than $20,000:

You shouldn’t be holding more than 5 #Altcoins.

If you are investing $20,000-$50,000:

You shouldn’t be holding more than 10 #Altcoins.

If you are investing above $50,000:

You shouldn’t be holding more than 20 #Altcoins:

Diversification is great.

But only when you have a large amount of capital already.

2️⃣NOT TAKING PROFIT

Many investors will become far too greedy when they see their portfolio reaching heights at the peak of the Bull Run.

If you’ve made life changing money, secure it.

Don’t risk your hard earned gains.

Imagine the Crypto market suddenly crashes the next day.

Enjoy life stress free, taking profit regularly.

3️⃣FOMO

FOMO - Fear Of Missing Out, is something you want to avoid.

The worst thing you can do is panic buy into Altcoins that have already pumped significantly.

At lot of the time, these tokens will retrace heavily after a pump, causing you to lose your capital.

Instead, accumulate quality Altcoins while they trend sideways at their cheapest.

Then, take profits as they pump in price.

4️⃣NO DIVERSIFICATION

Whilst holding too many Altcoins can become problematic, some diversification is essential.

There will be several leading narratives in the Bull Run, you won’t want to miss.

Layer 1’s, Gaming, AI, #RWA & DeFi will all see monumental gains.

It’s risky to not be a part of each of these.

Holding at least 1 Altcoin in each of these narratives will ensure you cover all bases.

5️⃣OVER-TRADING

Keep things simple.

Many investors are making the mistake of constantly trading their altcoin holdings.

Not only will this be detrimental for tax purposes, but will make your life way more stressful than necessary.

Instead, find a selection of quality #Altcoins and HODL.

Relax for 1-2 years stress free and take profits at the peak of the Bull Run.

6️⃣HAVING NO PLAN

Failure to prepare, is preparing to fail.

A plan is an essential part of your Bull Run strategy.

You need to plan levels that you are happy to take profit on, and then execute when those levels are met.

For example: 10% at 5x, 10% at 10x, 10% at 20x and so on.

Again, act without emotion, planning in line with your personal goals and expectations for your Altcoins.

7️⃣STORING CRYPTO ON EXCHANGES

Don’t store your Crypto on CEX’s like Binance/Coinbase.

We saw the implications of the FTX crash, with users losing Millions of capital.

Not your Crypto, not your keys.

Instead use secure decentralized storage such as Hardware Ledger devices.

Alternatively, Software decentralized storage apps like @FinanceChainge are a great solution.

8️⃣SETTING PRICE TARGETS

The last thing you should do, is rely on moonboy targets calling for 1000x.

Instead, be realistic with your expectations.

If a Market Cap is already $1B+, no more than a 20-50x is likely.

If a Market Cap is already $100M-$1B, no more than a 100x is likely.

If a Market Cap is less than $100M, more than a 100x is possible.

9️⃣TAXES

Taxes are a pain, but a necessity if you want to secure profit.

Whilst some countries like Dubai offer tax free gains on Crypto, countries like the the UK & US impose Capital gains tax.

This means it’s important you keep track of your profits and losses on all trades over the Bull Run.

Then, it will make things easy to report come the end of the Bull Market.

🔟NOT RESEARCHING

Finally, but most importantly, is Altcoin selection.

It’s ESSENTIAL that you do your own research when selecting Altcoins.

Memecoins or poor quality coins with no Real World Utility are likely to go to zero.

Instead, you should invest in Altcoins with strong fundamentals.

Any Altcoin with quality fundamentals is far more likely to achieve that 100x you are dreaming of.

My followers will get rich in this bull run, you will not regret following me. 🥳💸💸

Remember: Being patient makes you more money in crypto.

"Note: If you find my post helpful, please follow my Binance page @Cryptodragon_92 for more updates and consider giving it a like."🚀✨✨

Like👍🚀+Follow🚀 💫

Not financial advice dyor before investing in any project.✨

Disclaimer:

The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.