I will share some useful tips that can help you maximize your profits.
1. Don't chase 100x growth. Most cryptocurrencies won't grow 100x, even in a bull run.
If you hold every altcoin expecting huge growth, you will miss out on many opportunities.
2. Marketing teams of different projects are designed to manipulate you into becoming a holder forever. It's a cult. Don't fall for it.
You don't have to be loyal to the project. It's just an investment. If you're making money and want to make money, do it.
3. Take profits on the way up. This means if you hit your target, take a portion of the profits.
The fact is that fiat money is better than crypto at the moment.
4. Cryptocurrency is heavily manipulated. Venture capitalists will spend millions of dollars on marketing to convince you that the bull run will last forever.
You think you won't fall into this trap, but when you find yourself on top, the euphoria will be overwhelming and reason will disappear.
The solution is to surround yourself with wise people who will remind you to take profits.
5. Buy\download a portfolio management app.
just install it. in the race things get crazy and easy to lose focus
The portfolio app displays all your assets on one screen, making work easier and analysis deeper.
6. Projects will soon start trying to scam you with long locks with crazy percentages.
Long lock is a scam. You will be scammed if you close your deposit more than 12 months from today.
Long-term locked positions only benefit the project, not you.
7. There are crypto groups that are creating some popular blockchain products.
when they see something like NOT Coin take off they can make a copy in a week because 75% of the total work is done.
Be wary of any copycats that appear weeks after a unique project has been successful.
The only way to make money from them is to buy and sell within a day or two, but even that is a risky game.
8. When something feels wrong, it's best to give up. I ignored my intuition a lot last year and most of the time it cost me a lot of money.
When you feel like things are not going well, stop.
Hope this information is helpful to you.
