There are 4 stages of a bull market.

Phase 1 is coming to an end. Here’s how to take advantage of market cycles so you don’t miss out on your best chance to gain generational wealth.

Here is your script:

1) Riding each stage of the bull market,

2) Maximize your profits,

3) and avoid the most common pitfalls.

Phase 1: Accumulation

This is the phase we were in last year. The market bottomed out after the Terra crash, FTX crash, and the USDC depeg panic. The worst is over (unless Binance/Tether goes belly up). Prices are boring and volatile. Big news barely moves prices, like Paypal's stablecoin. Currently, no new liquidity is entering the system. No volatility. It's the same 500 degens PVPing each other and trying to get to the next degen narrative before each other. This is the preparation phase. Start putting the pieces on the board to make big moves. Sow now, and harvest during the bull run.

action plan:

  • Accumulate good projects.

  • Look for projects that you think will thrive in the upcoming bull run. Projects that have product/market fit, are ahead of their competitors, have a team still under construction, a solid roadmap, and sound financial metrics.

  • Save some ammo.

  • It's tempting to get in on a lot of the older projects. They look hot because they're only -90% off their all-time highs. Here's the thing... most of the top performers for the next cycle don't exist yet. People like to get "early" exposure to brand new projects, not buy into the old stuff.

  • Don't overtrade.

  • Don't lose everything in the hamster race and the bald Qiang race because you are bored. You have to survive first, then you can win. Don't play bad cards because you are bored, wait for good cards.

  • Fill the gaps in your knowledge.

  • Bull markets are not for learning. Bull markets are for picking up money from the market. This is a time to learn. You don’t want to hear about new protocols built on GMX, but you have to spend a week during a bull market to understand the basics of GMX.

  • Monitor liquidity.

  • Look for inflows into CEXs. Look for stablecoins being deployed. Expect DeFi TVL to increase. Expect growth in overall crypto market cap. More liquidity means things are moving.

Phase 2: Early Bull Market

The price starts to rise and the bears are in disbelief. Capo shows up every 2 months talking about $12,000 BTC coming. The disbelief is there. Their bear market PTSD will prevent you from making gains. The irony is that the earlier you are in the cycle, the greater the risk you should take before the crowd arrives.

What triggers a bull run?

• Major events like a BTC or ETH ETF getting approved. Or a new country adopting Bitcoin as legal tender.

• BTC halving is coming in 2024. Of course, the past is no guarantee of the future. But if enough people believe it…

• New primitives. Last cycle had DeFi and NFTs. What will be hot this cycle? GambleFi? Telegram bots? NFT comeback? GameFi? RWA? They are likely to be some areas we haven’t even begun to imagine. Think of something like Axies Infinity or Stepn, but with better mechanics.

• Macro changes. The Fed turns and stops raising interest rates. This makes it possible for more liquidity to enter the market.

• Regulatory changes. The U.S. and other companies could offer a more transparent, crypto-friendly framework.

• Reduce friction. It’s still a pain for regular people to get onboard. Better wallets, account abstractions, and more newbie-friendly dapps will help.

•Far East. Crypto Twitter has an extreme bias against the US. That's why most CT don't "understand" why Tron is so popular (it's heavily used in Asia). Don't weaken the power of Korean Degen, Hong Kong is becoming more crypto-friendly.

It only takes one major single event to set off a domino effect. A few Degens start making some life-changing money. They upgrade their lifestyle and tell everyone about it. This then slowly spreads across their network.

action plan:

1. Cut losing positions and increase winning positions. Don’t get emotionally tied to your bag. Just because a project achieved 5x, doesn’t mean it can’t achieve 10x again. Look at metrics, momentum, and sentiment. Cut your losing positions ruthlessly.

2. Take profits on the way up. No one can time the top perfectly. Don't try to squeeze every penny out of your trade. Create a take profit system and stick to it.

3. Be careful about taking too much risk. People start using leverage, tapping into their home equity/retirement accounts, or selling their BTC/ETH to chase shitcoins. You should take risk, but not excessively.

4. Lower your IQ - Some of the top performers have the worst fundamentals. The token economics will be complete bullshit. But remember this: the price will only go up if other people buy. And people are too stupid to understand the high IQ game. Don't be in the middle of the curve.

5. Cult Leaders - This is where cult leaders start to gain influence. They know how to pull tokens and influence sentiment. Inevitably, cult leaders all seem to die in the end. You can either join early and profit before the crash, or avoid them altogether.

6. Don’t ignore retail investors — It’s easy to get sucked into the crypto Twitter DeFi echo chamber where everyone is arguing with each other about the “real yield curve war flywheel effect.” Retail investors don’t understand any of this. Go where they hang out, like Reddit and YouTube comments.

7. Focus. Find a few areas to specialize in. It’s impossible to keep up with the entire market. It’s okay to miss a few bets, then get in too late and become exit liquidity. Build your squad now to cover your blind spots.

Phase 3: Peak Bull Market

This is where retail users start to pour in. They are entering stage 3 of 4 (in their heads, they think they are entering stage 2 of 5). Bull markets are self-reinforcing. As prices rise, this feeds fear. There is a positive feedback loop that keeps pushing prices higher and higher. Everything is going up. $10,000 in shitcoins can turn into life-changing gains. You can't get a haircut or hop in an Uber without hearing about crypto.

FOMO and euphoria set in. It felt like the party would never end and all common sense went out the window. People started quitting their jobs and becoming full-time crypto traders. Others would sell their houses to invest in crypto. Everyone was in a really good mood.

Can you spot the most important signals?

  • Mainstream media began covering cryptocurrencies.

  • You’ll hear stories over and over about someone trying to find a hard drive for 8,000 Bitcoins or buying 2 pizzas for 10,000 Bitcoins.

  • MeetKevin, Max Maher, Graham Stephen and more

  • Finance Youtubers will start uploading 3+ cryptocurrency videos per day.

  • Mainstream brands like Pepsi and McDonald’s will start mentioning cryptocurrencies to gain influence. Mainstream celebrities try to make money through sponsorships or launching their own NFT collections.

  • Everyone is working hard.

  • Rolex Submariners on your timeline. New cars. When there is too much bragging on your Twitter timeline, your spider sense should go away. Everyone will try to convince you that this time is different. You have to fight your instincts. The most important thing to do at this stage is to think about your exit plan. Keep a cool head and realize that the party won't last forever. Take the chips off the table. Your future self is praying that you are not an idiot. If you don't take profits, the market will take them back.

Phase 4: Decline

What goes up, may come down - the peak of the bull market has been reached. Now everyone wants to know if this is the top, or if it will continue into a "super cycle".

They will try to tell you that this time is different - we are finally mainstream! Watch out for super cycle talk, Bitcoin extension theories or made-up charts. This cycle will continue for a few more years!

Remember, everyone is financially incentivized to keep the party going. You have to keep the audience engaged to get sponsorship money. You have to get more liquidity into shitcoins.

There will be a time of light and hope. Bitcoin peaked in November 2021. However, there are still moves in the OHM fork, FTM/Solidly, and Luna.

Once prices crash, Capo will show up at this point to say "I told you so" after missing out on a 2 year bull cycle and generational wealth.

What makes me so confident that there will be another bull run?

I'm betting my career and the next 10 years of my life on DeFi. I have a strong belief in this space. I'm going to keep things simple.

Life fucking sucks for the average person, and it’s getting worse.

• Credit card debt is at an all-time high • Everyone’s debt is at an all-time high • Student loan payoffs are about to start • Credit card interest rates are at an all-time high • Interest payments on debt are at an all-time high • Average monthly payments on new cars are at an all-time high • Don’t even get me started on house prices

Society and culture have put everyone's life into super hardship mode. Going to college and getting a job is not enough to survive and own a home. The cost of living continues to rise and the middle class is disappearing. All of this is happening while the pressure to succeed in society continues to increase. No one in the new generation is interested in maxing out their 401k and becoming rich by the time they are 65 (I speak as a Boglehead).

They want to get rich now. Everybody wants instant gratification. Everybody's dopamine receptors are blown up. You're under pressure to show off a fabulous lifestyle and show everyone you're the hero. Basically... humans are greedy and want 100x more. Cryptocurrency doesn't just sell new financial infrastructure, it sells the dream. There's no faster way for people to achieve their dreams than with cryptocurrency. Cryptocurrency is our best chance to achieve that, not just survive.

Finally, walking alone is lonely. The bull market is coming. Qiqi’s no-threshold small circle welcomes everyone to join. Let’s move forward hand in hand and embrace the uncertainty of the future with certainty. #etf #ETH #OKB $BTC $ETH