Navigating the cryptocurrency market can be daunting, especially for new investors. The harsh reality is that most newcomers don't see profits until the next bull market—and even then, many fall short. Why does this happen?
It’s simple: understanding the market requires living through an entire cycle.
During a bull run, everything feels like a win, your portfolio seems unstoppable, and it’s easy to believe that the growth will never end. But eventually, the tide turns. You might wake up one morning to see your portfolio down by 35%, and the panic sets in. Some will rush to sell, others will see it as a buying opportunity, but the real winners are those who had the foresight to gradually take profits before the market crashed.
As the market declines, you'll find yourself waiting for a recovery that never fully arrives. Weeks turn into months, and soon you realize that the bull market is over. What you thought was just a dip was actually the start of a long downturn, and now, not only are your profits gone, but you’re also in the red. This experience, though painful, is crucial.
It’s the lesson that teaches you how to truly succeed in crypto. I've seen countless crypto-millionaires lose everything because they didn’t know how to manage their gains.
This is purely my perspective, and I hope it resonates with those who are on their crypto journey. If you found this insightful, I’d appreciate your support.
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