The bull comes and goes. If it goes up, look for higher prices. If it goes down, look for lower prices.
Everyone is tired, protect your mind! Reflect, summarize, and review!
Over the past few years, I have made some successful moves in the market:
1. Despite my strong belief in the long-term potential of $ETH, I sold my $ETH holdings at $4,200 and $4,500 in 2021 after analyzing the market and anticipating a pullback.
2. When my $SOL position was trading between $180 and $220, I realized the risk was increasing at that time and exited the position with a small loss.
3. When the total market capitalization peaked at the end of 2021, I realized the overextension of the market and liquidated my altcoin-intensive portfolio, including $ROSE, $ATOM, $AVAX, and $LINK.
4. Despite the FUD surrounding crypto winter and market capitulation, I started buying $BTC at $20,000 in late 2022 and kept adding to it to $25,000.
5. I started investing in $LINK at $7 and continued investing in DCA to $12, ignoring the noise claiming that oracles are obsolete.
6. In 2021, I am bullish on L1s such as $AVAX, $DOT, $NEAR, etc., and see them as potential leaders in the future in the early stages, buying during market pullbacks while others are skeptical about the viability of these ecosystems.
But like every other trader, I made mistakes:
1. When my $MATIC and $BNB positions reached their all-time highs, I did not take profits even though I bought at the lowest price.
2. I hesitated to enter the NFT market during the early hype and missed some major gains from projects like $BAYC and $MAYC
3. I thought $LUNC would recover faster after the crash, but underestimated the long road to recovery.
From these experiences, I learned several important lessons:
1. Never invest all your money in a single currency. While this can bring huge returns, the risks are equally huge, so diversification is crucial.
2. Maintain a balanced portfolio with a mix of blue chip cryptocurrencies like $BTC and $ETH, and carefully selected altcoins with solid fundamentals.
3. When the market goes against you, don't hesitate to stop loss. Protecting your capital allows you to seize future opportunities.
4. Sharing your losses isn’t a sign of weakness — it’s a way to help others avoid the same pitfalls and learn from your experiences.
5. Avoid panic selling in the early stages of a bull market and resist the FOMO impulse in the final stages of a market cycle.
6. Ignore the shouting on Crypto Twitter and Reddit. Often, the loudest voices aren’t the most informed, especially when it comes to bear market panic.
7. Set realistic goals. Betting $100,000 in Bitcoin or $1,000 in $SOL may sound exciting, but it’s important to keep expectations in mind.
There will be a bear market before we see the next ATH – the market always offers buying opportunities.
8. Control your emotions. Follow the whales and the smart money; their actions are often more reliable than personal beliefs.
9. It is unrealistic to expect everyone to hold on to 2030. Not everyone is a long-term investor, and many prefer short-term gains. Adjust your strategy accordingly.
