During My First Bull run, I Went From $1k To $130k
Then I fell to $8k. After that, I made a set of rules that I use daily. From $8k, I grew to $300k+ in the bear market. Knowing these 15 rules meant 1000X earlier
1/➮ Always ask urself when looking atur portfolio: would I buy this coin now from market? If answer is no - then why are u holding it? I fell by 15 times because I held many alts, being stingy to sell. Moreover, I'dn't buy any alt from market if I wasn't already holding it...
2/➮ Understand the trigger points for pump/dump of token: Never hold a coin thoughtlessly if u bought it expecting something. If the expectations are not met, go back to the first question. If the answer is no, sell it.
3/➮ Don't invest absolutely all your money in crypto: If you do this, you: a) don't understand the value of money and relate to it simply as a score in a game b) won't be able to control risks, as the amount is too critical for you. Result: REKT.
4/➮ Locking tokens for a long period/too high APY is more a reason not to stake than to stake: Not a single alt grows in the long term compared to ETH; long lock period = REKT. As for APY, just remember Luna, and understanding will return...
5/➮ Enter on expectations of news, and when it has already occurred - sell, not buy: Coins grow on expectations, not on news. As soon as the news is released - sell, but don't buy after news, as those who bought on expectations will already be in profit, and u - will be late.
6/➮ Be skeptical about insides, and never trust it 100%: 99% of insides are spread by projects themselves to fck you. And if u fall into the 1%, if they reach you in public, then they're more likely to be outsides than insides, so they won't pay off either...
7/➮ Fact-checking is crucial. Just recall the recent situation with the fake news about an ETF from Cointelegraph. To make a fortune from this, or at least not to lose one, you just had to check whether the news was fake or not...
8/➮ Don't refresh your balance every 5 minutes: By doing so, you're not only wasting time, but you'll also make impulsive, nerve-driven decisions. Make decisions regarding each of ur position/asset, and once it's made - write it down and stick to the plan.
9/➮ Strive to anticipate narratives, not chase them. The biggest profits will be made by those who successfully predict not only direction of market but also the narrative. Analyze on-chain data, fund investments, past experiences, and anticipate narratives to earn big.
10/➮ Don't miss out on narratives when they've already started; look for opportunities to profit from them: If u didn't buy certain sector before its growth started - no problem, earn afterwards. The main thing is to learn how it works from inside, as soon as it starts.
11/➮ Don't invest in old tokens, new bull run - new alts: New coins've potential to grow dozens of times more than old ones that have already peaked. The chance that $SOL will give x100 on the new bull run is 0%, but some new blockchain - definitely.
12/➮ Don't fall in love with a project: Often, after buying a bag of a certain token, I'd get more involved and increasingly fond of it, leading me to overlook its flaws and focus only on the positives. This blind faith typically ended in loss, "Always think critically."
13/➮ Don't treat your market profits like a roulette win: When taking profits, consider them as honestly earned money, not something that came quickly and should be rapidly multiplied or lost. Continue to grow your capital with a cool head.
14/➮ Choose a specific focus: In crypto, there are many activities, and trying to engage in all of them simultaneously is impossible and leads to losses due to a lack of depth. Choose one direction and become a professional in it, while occasionally aping in other areas.
15/➮ "Stay alert for scams in web3 – everyone's out to get you, especially during a bull run. Use burner wallets, always verify domains, stick to official sources, diversify your portfolio, and never keep all your funds in one spot. Keep your crypto game tight and secure.