1) Everyone's saying making profits in a bull market is easy.
Yet most people that have been in one ended up making no money.
Here are 11 ways to take advantage of a bull market ๐ ๐งต
Yet most people that have been in one ended up making no money.
Here are 11 ways to take advantage of a bull market ๐ ๐งต
2) Taking profits
How many of you can say their portfolio was in profit at one point?
โฉ Almost everyone
How many of you really end up as a wealthier person?
โฉ Considerably less
Your portfolio value is absolutely meaningless unless it's realised.
Sell and don't look back.
How many of you can say their portfolio was in profit at one point?
โฉ Almost everyone
How many of you really end up as a wealthier person?
โฉ Considerably less
Your portfolio value is absolutely meaningless unless it's realised.
Sell and don't look back.
3) Buy early
It's no secret that most people got into this market when the general interest is at it's peak. It's no shame either.
Consider buying however when the general interest is really low.
Doing this will ensure you'll see the entire bull run from beginning to end.
It's no secret that most people got into this market when the general interest is at it's peak. It's no shame either.
Consider buying however when the general interest is really low.
Doing this will ensure you'll see the entire bull run from beginning to end.
4) Avoid leveraged trading
Seeing all these prices rise dramatically will tempt you to use leverage on your assets. Especially when you are low on capital.
Crypto is so volatile however you will likely get liquidated first before it continues going up.
You don't need it.
Seeing all these prices rise dramatically will tempt you to use leverage on your assets. Especially when you are low on capital.
Crypto is so volatile however you will likely get liquidated first before it continues going up.
You don't need it.
5) Rotate your assets
Many individuals will convince you to hodl. Especially project communities.
Many projects however only have 1 big run in a bull market due to a news event or narrative.
Once most of the releases are over (tip: roadmap) consider selling it for another one.
Many individuals will convince you to hodl. Especially project communities.
Many projects however only have 1 big run in a bull market due to a news event or narrative.
Once most of the releases are over (tip: roadmap) consider selling it for another one.
6) Take profits in stablecoins.
While there are many different opinions on these, lots of people will recommend taking profits in BTC or ETH.
Truth is these assets also have never been bear market proof.
While the future of these is likely certain, consider stable assets.
While there are many different opinions on these, lots of people will recommend taking profits in BTC or ETH.
Truth is these assets also have never been bear market proof.
While the future of these is likely certain, consider stable assets.
7) Diversify your portfolio
I've seen many individuals get so overconfident they would bet everything on one project with absolute pure conviction.
You are not above the markets however and statistically you are battling the odds.
I consider 4-5 holdings the perfect number.
I've seen many individuals get so overconfident they would bet everything on one project with absolute pure conviction.
You are not above the markets however and statistically you are battling the odds.
I consider 4-5 holdings the perfect number.
8) Buy quality projects
Many will recommend you to purchase the next big memecoin. Often will they use $DOGE or $SHIB as an example.
These are one in a million however and for every memecoin that succeeds there are 1000 that fail.
Investing is a STATISTICAL game. Play it right
Many will recommend you to purchase the next big memecoin. Often will they use $DOGE or $SHIB as an example.
These are one in a million however and for every memecoin that succeeds there are 1000 that fail.
Investing is a STATISTICAL game. Play it right
9) Invest in presales
Many of us like to purchase our projects at the lowest possible valuation (mostly in a bear market).
Presales provide these all the time. Even in the middle of a full bull market.
A 5-10 x in a day isn't uncommon here. Just make sure it's not a scam.
Many of us like to purchase our projects at the lowest possible valuation (mostly in a bear market).
Presales provide these all the time. Even in the middle of a full bull market.
A 5-10 x in a day isn't uncommon here. Just make sure it's not a scam.
10) Have capital on the side
In the beginning of a bull market most people would think to be fully invested and scale down near the end of it.
The biggest gainers however have always been new projects.
Make sure to have capital on the side for these.
In the beginning of a bull market most people would think to be fully invested and scale down near the end of it.
The biggest gainers however have always been new projects.
Make sure to have capital on the side for these.
11) Don't always compound
Compounding interest is called the 8th wonder of the world. This is true in a risk-free environment.
In a risk environment such as crypto this also means not taking profits.
Made 100% profit 4 times? โฉ 1600% profit
One 95% drop washes it all away.
Compounding interest is called the 8th wonder of the world. This is true in a risk-free environment.
In a risk environment such as crypto this also means not taking profits.
Made 100% profit 4 times? โฉ 1600% profit
One 95% drop washes it all away.
12) Riding the wave from project releases
Big updates have always been a very strong catalyst for making price rise in value tremendously.
Purchase projects that have a large update on the way in a few months.
โฉ Platform release, mainnet, smart contracts,...
Tip: roadmap
Big updates have always been a very strong catalyst for making price rise in value tremendously.
Purchase projects that have a large update on the way in a few months.
โฉ Platform release, mainnet, smart contracts,...
Tip: roadmap
14) I hope you've found this thread helpful.
Follow me @CryptoGirlNova for more.
Like/Retweeting the first tweet below would mean a lot to me ๐๐
Follow me @CryptoGirlNova for more.
Like/Retweeting the first tweet below would mean a lot to me ๐๐
Loading suggestions...