Based on my scarred experience. I advise those in an uptrend season to absolutely avoid these things if they do not want to be stuck at the peak forever:
1. Want to play with everything: futures, margin, meme, airdrop, gamefi... etc. At first, you think you are good at earning money, then you realize you are just a grain of rice, no matter how much you eat, you will return it to the exchange => just need to be good at one thing to make money.
2. Do not participate in early investment projects, projects calling for funding, paying high interest are all pyramid schemes in disguise => 100% will get hit.
3. Do not idolize a project too much, one idol too many => they give you 3-4 deals, but the 5th deal will be a project they create or collude with the project team...
Last season I knew their faces clearly, so be cautious => just stick to those on Binance, OKX for safety => Stay neutral to see how the crowd is, exit when that project is praised by the media and community like a king (RACA is a typical example).
4. Do not ask for deals, ask for profit-taking, because no one can measure the peak of altcoin: you can only be good to eat until the neck, profit-taking is like the peak of this season for you guys.
5. Buy and then just wait for profit-taking, the project will be pumped gradually, jumping around will quickly lose good assets. There will be signals for profit-taking, after profit-taking, just stay calm and don’t be greedy or you will lose everything. It's better to wipe drool than to wipe tears.
6. On-chain, roadmap, project vision are just illusions, just deceiving the people. Be careful not to be too confused and get hit with a full load of nonsense.
REMEMBER: You must understand the crowd's fomo psychology, you will understand how crypto operates, it's all just a way to make $$$, there isn't much applicable technology in real life!
