# Copied for the benefit
You might be the one making the profits.
But without experience and skills, you will be at risk of losing everything.
Here are some tips to protect your money during a bull market👇
All financial markets go through cycles.
Currently, we are in the most favorable phase of the#altcoininvestment season.
This is your chance to make life-changing profits in a short time.
However, if you do not manage your money wisely, you are at risk of losing it all.
Here are some tips to help you build and protect your wealth 👇
○ The biggest mistake beginners make
The market will not go up forever, but many people forget this simple fact.
• Always remember:-
It is very likely that we will see Bitcoin return to levels significantly lower than its current price.
Build your strategy based on the expectation that the market will eventually crash.
● The market is cyclical, and it is important to understand the typical progression of a bull market wave:
1. Bitcoin Leads the Way The bull run begins with Bitcoin rising, attracting new investors and boosting mass adoption.
2. Alternative Currencies Catch Up Investors seeking higher returns are shifting their focus to alternative assets.
3. Start making profits
Investors begin to withdraw their profits, causing the market to decline.
And so the cycle continues to repeat.
◇ Looking at the top 10 cryptocurrencies, we can conclude where the market cycle is:
• Ethereum ($ETH): Up +100% over the past 3 months
• Solana ($SOL): Up +150% over the past 3 months
• Dogecoin ($DOGE): Up +400% in the past 3 months
• Ripple ($XRP): Up +500% in the past 6 months
◆ Understanding the transition from a Bitcoin-led market to an altcoin season is crucial:
1. Bitcoin price hits a new all-time high (ATH).
2. Bitcoin's dominance begins to wane as focus shifts to altcoins.
3. Finally, the total market cap of altcoins is experiencing tremendous growth.
The bottom line is that it boils down to a simple rule:
<> Dominance > 55% – Bitcoin Season
<> Dominance < 55% – Altcoin Season
Currently, Bitcoin's dominance has dropped to 56%, which means we are entering the altcoin season.
◇ Focus your investments on assets that are in line with current trends.
In the previous session, the most prominent trends were:
● NFTs
● GameFi
● P2E
Projects in these sectors have shown growth, but are unlikely to perform the same this time around.
■ Why?
Because the hype around these areas has died down, and people have moved on to new trends.
◆ We are now in a new cycle, and with it new trends have emerged.
The current trends are:
▪︎Real Assets #RWA
▪︎Artificial Intelligence #AI
▪︎ Memecoins #memecoins
◇ Risk Management
Here are the basic rules I recommend following:
1. Clearly define the risk-reward ratio.
2. Conduct thorough research on any project before investing in it.
3. Develop a solid trading strategy and stick to it with discipline, no matter the circumstances.
◆ Money management
Smart money management is the other half of the success equation.
Here are the basic principles that investors follow:
1. Before investing, set a clear target price to sell the asset.
2. Do not allocate more than 5-10% of your total capital to any one investment.