2 years ago, I entered the world of crypto with just $3,000, and now it's worth a lot more! đ Today, I'll share 6 things that helped me become profitable. You NEED to know these before Bitcoin reaches $75,000 again! đ§”đ
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DIVERSIFY & BE PATIENT
Diversify your crypto portfolio across different sectors. Each bull run brings different hypes, like the #AI or #Memecoin hype. By diversifying, you'll always be part of these hypes, but sometimes, patience is key.
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DON'T GET EMOTIONALLY ATTACHED
Avoid emotional attachment to the crypto projects in your portfolio. While you'll think about them, they won't think about you. Research fundamentals before investing, but keep emotions aside.
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TAKE PROFITS
During a bull run, taking profits is crucial, but don't sell too quickly. Sell in portions and avoid selling your entire stack in one go. Remember, profits are key, and taking profits never made anyone poorer!
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DON'T SELL TOO EARLY
Take profits, but don't sell too quickly. Let your winners run! After taking out your initial investment, let the rest run. Every dollar after recovering your initial investment is a bonus!
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TAKE CALCULATED RISKS
Crypto involves high risks with potentially high rewards. Your investments shouldn't be gambles; do your due diligence. A mix of strong fundamentals and hype is essential in crypto.
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GET SOME FRESH AIR
Especially during a bull market, things can get chaotic. Don't spend all day on your phone or laptop. Take breaks, go outside, and clear your mind. Good mental health is vital during exciting times!
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I hope these tips help you become successful during this bull run. If you found this useful, please Like, Repost, and share! đ
