READY FOR A LIFE-CHANGING #CRYPTO BULL RUN?
FOLLOW THESE 30 TIPS FOR MAXIMUM SUCCESS!đâ
Be exposed to relevant crypto narratives (AI, Gaming, RWA, L1s, DEX's)â
Networking is key ("Your network is your networth")â
Store most of your crypto on a secure hardware walletâ
Be patient, most of the gains come at the end of the crypto cycle (if history repeats itself, it will most likely be sometime in 2025)â
Stay up-to-date on your investmentsâ
Don't be all in on any crypto project ever, no matter how high your conviction is - diversification is important!â
Dollar-cost average at strategic buy zonesâ
Be aware of the tax implicationsâ
Watch out for scammersâ
Before investing into an altcoin, always do your own researchâ
Don't be all in, always have enough cash so you can buy dipsâ
Only use leverage trading if you know what you're doing (most likely you'll need many years of practice first!)â
I wouldn't recommend investing into crypto after $BTC has hit a new all time high, the best time to buy is now as we are close to leaving the macro accumulation phaseâ
Pay attention to the macro economyâ
Only invest what you can afford to loseâ
Know that if your non-crypto friends suddenly all talk about crypto & have FOMO, it's most likely the time to sellâ
Using Tradingview is a must-have for any serious investor!â
Find out if you have the possibility to stake your altcoins to generate passive incomeâ
Always be a step ahead of the crowd, make a general profit taking plan for the bull run but be able to adapt to if it doesn't work out in your favourâ
If one of your altcoins doesn't move up as fast as others, be patient, if the fundamentals are solid, there is no need to worryâ
I'd only recommend buying into coins that you have high conviction in, otherwise you might panic sell if the market dumps hard â
Don't follow influencers blindly, understand that some have their own agenda by shilling worthless projectsâ
If you don't have trading experience then do not trade, stick to investing (most gains will be made through investing in a bull market anyway)â
Learn TA (Technical Analysis) to know when to buy or sell your coins - Follow my account @ParabolicPump for TA eduction & accumulation strategies on your favourite altcoinsâ
Don't get caught up in the hype at the end of the bull run! While 99% of market participants will remain bullish, you need to exit the marketâ
After you have made life changing gains, cash out your profits and invest them in the "real world" by buying assets like real estateâ
The best investors in crypto won't necessarily be the ones who make the most in the bull run, the ones that KEEP their profits will be the most successful â
Have the right mindset - NEVER GIVE UP! â
Understand this: Failure is just a necessary step on the road to success in the crypto market. I've accomplished the biggest growth in my crypto journey through failure. Embrace the challenges, absorb the lessons, and become a legend!Cheers!đ„Leave a LIKE & FOLLOW ME if you have enjoyed this postâ€ïž