115 - Most people will end the bull market with $0

When the market is in a bull phase, making money seems easy. But most people end up with nothing when this cycle ends. A bull market is not just an opportunity; it’s a psychological test. This leads many to not realize that if they don’t know how to manage wealth, it is only temporary.

Prices double in a few weeks. You wait for a correction, but it doesn’t come. Prices continue to rise tenfold. A bull market operates on its own rules: prices tell a story. This story doesn’t need to have perfect logic. If you wait for the ideal entry point, you might miss out on great opportunities. But even when participating, you need to understand that if you don’t take profits at the right time, those profits don’t really belong to you.

Your portfolio grows astonishingly, but you haven’t made a profit. Why? Because you believe prices will keep rising forever. But profits only truly belong to you when you sell. Avoid "screenshot rich" syndrome. When an asset's value doubles, convert 50% to stablecoins. Don’t transfer profits into higher-risk assets. This isn’t profit-taking; you need to avoid losing profits in a volatile market.

No one likes to admit mistakes, but the market doesn’t care about your ego. Holding onto losing assets not only wastes capital but also leads to missed opportunities. Once opportunities are lost, recovery becomes much harder. Therefore, cutting losses is not just a financial decision; it’s a way to safeguard market survival. Reducing losses is essential for survival, and survival is a prerequisite for victory.

Bull markets are unrelated to fundamental value. Projects that attract attention, are simple, and easy to understand will win. Don’t try to find "hidden gems" in such cycles. Instead, focus on what others want to buy right now. This is the only way to optimize short-term opportunities without getting lost in unrealistic expectations.

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