I started Crypto with just $3,000 four years ago, and it's worth much more now! 📈
I'll list the six things that helped me turn a profit.
You HAVE to be aware of these before Bitcoin hits $75,000 once more! 🧵👇
1/8 Diversify and have patience.
Aim to diversify your cryptocurrency holdings across several industries.
Each Bullrun is familiar with various hypes, such as the hype surrounding #AI or #Memecoin.
You will always be a part of these hypes if you are diversified, but sometimes patience is required.
2. ______ DON'T GET MARRIED FOR YOUR BAGS
Refrain from developing an emotional attachment to the cryptocurrency projects that you own.
They won't think about you at all, but you will think about these projects.
To support projects, do some basic research; however, set your feelings aside.
3/8 ______ GET PAYMENT
TAKE PROFITS
You need to take profits during a Bullrun, but you don't want to sell to quickly.
That's why you need to sell in portions. Don't buy or sell your entire stack in one transaction.
In the end, profits are key.
Taking profits never made anyone poorer!
4/8
______
DON'T SELL TO EARLY
You need to take profits as I said, but you also don't want to sell too quickly.
Let your Winners Win!
Take out your initial investment and let the rest of it run.
Every Dollar after taking out your initials are a bonus!
5/8
______
TAKE CALCULATED RISKS
Crypto is about taking High Risks with (potential) High Rewards.
The investments you make don't need to be gamble plays, but you have to do your due dilligence.
Strong fundamentals and Hype are the best mix in Crypto.
6/8
______
TOUCH GRASS
Especially during the Bullmarket it is chaos. You can go crazy and be on your phone/laptop all day.
This is why it's necessary to go outside sometimes and take some time off your screen.
Having a clear mind & good mental health is vital during exciting times!
7/8
______
I hope these tips will make you filthy rich during this Bullrun.
If you found this useful, please Like, Repost and share
#BinanceLaunchpool #bitcoinhalving #Megadrop #BullorBear #bitcoin
