10 Things to AVOID at All Costs if You’re Serious About “Making It” This Cycle
Reminder
1. Don’t Give in to FOMO
Most people get trapped in bull markets because they give in to FOMO in hot coins on green days.
This leaves you more vulnerable during corrections due to overvaluation.
2. Don’t Rush Your Decisions
Make Money Slowly.
Protect Money Fast.
3. Don’t Over-Trade
Jumping from coin to coin is more likely to get you burned.
Make sure you have confidence in all your trades so you’re not constantly chasing profits from new, shiny objects.
4. Don’t Over-Diversify
Concentration creates wealth.
Diversification protects it.
I'm not saying go all in on 1-2 projects, but don't spread yourself too thin either.
5. Don't be greedy
Cryptocurrency earnings are paper earnings until they are realized.
Make sure that if you make money, you use it to actually get rich.
Move away from risk as the cycle progresses, not the other way around.
