Understanding these can help you go further on the road of encryption!!
With a clear plan ahead and an exit strategy, that is the truth of making money!!!
Bull Brother summarized three decisions for you to shine in the bull market
Rewatch and apply what you've learned, 🔖 bookmark it to avoid loss
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🔳 Introduction
The crypto market provides many investment opportunities for ordinary people. Many people have made a fortune in the crypto market, but more have become 'chives' (a term for people who are easily exploited). At this point, you may wonder, since you know you're a 'chive', why do you keep participating? In fact, the crypto market has opportunities that can lead to sudden wealth. Recently, examples include TG mini-game airdrops, UNI token airdrop pizza, GRASS airdrop tokens, etc. These have made many people suddenly rich, but have you considered a question? The investment cost for these is frighteningly low. This also encourages more and more people to participate, even knowing they are 'chives'.
As 'chives', how can we shine in the market? Big Bull summarizes three pieces of advice from personal experience, but please remember, these are just general suggestions and may not apply to everyone, but you must know them.
🔳 Key Points
1/ Understand the importance of capital
◽️ Protect your capital! Protect your capital!! Protect your capital!!! Important things are worth repeating three times. Only if your capital is still there can you shine in this bull market. If your capital is gone, how can you participate in this bull market?
◽️ Once, Big Bull could hold on through 20X and 50X situations with meme coins without selling, until it dropped to zero; could hold a contract that quadrupled and made 20,000 without selling, only to see profits evaporate and incur losses; could not sell while spot prices doubled, only to see them halved. I believe many people wouldn’t want to risk higher returns in such situations, but the mindset from holding profits to losses can change drastically, and at that moment, the strategy is fundamentally flawed.
◽️ Therefore, Big Bull's first strategy is to withdraw your principal. No matter if you are trading contracts, playing meme coins, or engaging in any investment project, you must first withdraw your principal. Once your principal is withdrawn, you have already succeeded in a big way. First, your pressure is reduced, and secondly, no matter how much the market retracts, you will never lose. Finally, when the market fluctuates, you will be calmer than most people. Although this strategy might limit overall profit potential, you must understand that we are 'chives', not big players.
2/ Don’t make decisions during market panic
◽️ Market panic and FUD often lead to irrational decisions. Trading decisions made under such emotionally driven circumstances are often unfavorable. For example, how many people sold off during the recent grass incident? How many people overlooked Wukong on the SOL chain? There are countless situations like this.
◽️ Thus, Big Bull's second strategy is not to be influenced by FUD. In market trading, you need to stay calm and stick to your analysis and strategy. If you are optimistic, hold on for the long term; if you are not optimistic, run immediately. Never make impulsive decisions that contradict your analysis out of panic.
3/ Hold a long-term perspective
◽️ We are all adults now. Any form of investment is your decision. Even if you decide wrongly, you must take responsibility for your investments. Even if you incur losses, you must bear all the consequences.
◽️ Therefore, Big Bull's third strategy is to look far and invest wisely. Don’t easily go all in, but if you do, you must have confidence in that currency and also patience. Don’t sell just because of a temporary market drop or short-term fluctuations. Similarly, if you think the performance of that currency is really poor, then you should reduce your position or exit directly. This is the wise choice; a tangled strategy will only lead to greater losses until you can no longer bear it.
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🔳 Conclusion
◽️ In short, during this bull market, 'chive bulls' hope to build wealth together with various experts and other 'chives' until the end.
◽️ Everyone has their own set of research and analysis. Don’t blindly follow others' advice if you want to make it through this bull market, but this premise is that your capital hasn’t been wiped out. Therefore, when participating, you should have appropriate risk management measures, such as setting stop-losses and diversifying investments. When trading contracts or investing in highly volatile assets, you must be more cautious.
◽️ If you have any good strategies, please leave them in the post. Big Bull must learn well, so as not to be washed out in the first round of 'chives'.
