Don't want to get rekt this cycle?
Don't buy projects at bad valuations.
One of the MOST asked questions I always got was:
"Hey BitEagle, what do you think about project X"?
Me:
I think they are super solid!
"Ah awesome! So it's a good buy right?"
Me:
Nope
"Huh? But you just said they are solid af?"
Me:
Yeah, doesn't mean they are at a great entry.
"hmm, okay, but I still believe they will be much much higher so I'll buy them, thanks!"
...
These are questions and answers that really happened btw. And they also happened more than once.
Listen, the markets always operates in the same way (check the entire history of almost every coin out there).
What goes up, most come down.
And if it goes REALLY HARD up for a long time? It goes down even harder as well.
If it didn't it would mean no single individual would actually be making money at all (no sells = only paper profit).
I like many projects, doesn't mean I like all of their entries.
Doesn't matter if you found the next Google, if it already is going parabolic it means everyone else already found it as well.
In the end, the goal of any investor is to buy low and sell high no matter what project you bought.
That doesn't mean we will always be right but you can be sure that you'll almost always be wrong when you buy something that looks like a rocket already.
Up to you though.