$ETH ETF may be approved today
We are about to usher in the biggest copycat season
Cryptocurrency in the next 6-12 months
Altcoins will rise 50x to 100x
But unfortunately,
Many will miss this opportunity
🧵: If you want to retire safely in this bull market, please read this article: (Collection)
Every Altseason brings billions of dollars of new money into cryptocurrencies.
But this time, the scale may be even bigger.
The United States Securities and Exchange Commission (SEC) plans to approve an ETH ETF soon, which would bring institutional money to altcoins.
Following the ETH ETF, I think there will be many other ETFs approved for different altcoins.
Despite this, most retailers still can't make money.
So, let’s start by looking at the five biggest mistakes to avoid if you want to retire in this bull market.
1) Purchase new tokens
➜In a bull market, new coins always outperform old coins.
➜ 90% of tokens in the 2021 bull run will not hit new highs in 2025.
➜ Look for new coins with a popular narrative, usable products, and good support.
2) Invest all your energy at once
➜No one can predict the market 100% perfectly.
➜Often people go all out when excitement is at its peak, but the results are disastrous.
➜Buy on dips, but always keep some safe capital because the market loves to surprise you.
3) No exit plan
➜Making profits is important, but keeping profits is more important.
➜Most people made life-changing gains in 2021, only to watch those gains go up in smoke in 2022.
➜ Create an exit plan and stick to it.
4) Over-diversification
➜You don't need to buy every coin to become rich.
➜ Most people have too many currencies in their portfolios, which often reduces returns.
➜ Stick to a few quality coins in the first 3-4 narratives and you’ll make a fortune.
5) No early stop loss
➜Stop loss is as important as profit.
➜Most people who bought tokens during the 2017 bull run are still holding on to them, thinking they will hit new all-time highs.
➜If a token does not live up to its promise, it is better to sell it and invest in new tokens.
