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Author Topic: [Guide] Things to keep in mind Before Bull Run.  (Read 245 times)
cafter
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December 13, 2023, 05:03:41 PM
 #21

Some more to add:
1. Never invest your all amount or 50% of the amount in one altcoin, I know diversification but some people like the project so much they invest all their funds in that.
2. Do not invest in shitcoins which have very low liquidity, but are pumping hard in bull run.
3. Don't sell your all coins by seeing a ATH, after some days bitcoin may make a new ATH.
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December 13, 2023, 06:44:57 PM
 #22

For those who have invested only in Bitcoin, they actually don't have much to worry about during the upcoming bull season. One thing they need to worry about is the security of their asset, which is to make sure their asset is highly protected to avoid being rubbed off their coin by hackers.

Due to the bull market, no one actually knows what price Bitcoin will reach. There is speculation that we might see Bitcoin above $120k, but my advice is for investors to always have a target price at which they want so that they don't sell either too early or too late.

For those that invest in altcoins, they are the ones that actually need to do very good research regarding the project they want to invest in and always keep an eye on the early stages of the bull run so that they don't miss out if, by chance, the altcoin pump

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December 14, 2023, 11:50:10 PM
 #23

For those who have invested only in Bitcoin, they actually don't have much to worry about during the upcoming bull season. One thing they need to worry about is the security of their asset, which is to make sure their asset is highly protected to avoid being rubbed off their coin by hackers.

Due to the bull market, no one actually knows what price Bitcoin will reach. There is speculation that we might see Bitcoin above $120k, but my advice is for investors to always have a target price at which they want so that they don't sell either too early or too late.

For those that invest in altcoins, they are the ones that actually need to do very good research regarding the project they want to invest in and always keep an eye on the early stages of the bull run so that they don't miss out if, by chance, the altcoin pump

This is while I always prefer to invest in BTC than altcoin. Investing in Altcoin needs a lot of research to make money from it even during the bullrun. And even with the research if you don't put eyes on the altcoin well, you main even still lose out when the altcoin pump.

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December 15, 2023, 02:27:55 PM
 #24


Risk Management:
Cryptocurrency world is well known for its rapid price fluctuations as I aforementioned. Determine how much of your portfolio you're willing to risk on a single project like if you have invested in multi projects or token It will be good for you to overcome your risk like we never know which project going to give you a fine and decent profit but keep in mind Diversify your portfolio after well-DYOR.

FOMO (Fear of Missing Out):
The FOMO (fear of missing out) can lead you to impulsive decisions which may lead to big mistakes. I have already covered this topic so I won’t write it again here but I would like to mention some points here which are always stick to your pre-determined plan while investing and if you have good sources it may help to overcome your FOMO. I am mentioning my FOMO topic here if you are interested you can read this one also.
Risk management and FOMO are two basic knowledge one needs to understand to stay profitable in the next bull run that is very much in anticipation. If you don't manage your portfolio  enough to understand your risk level, most definitely you will be either Lossing or making leaser profits than you should have probably because you risked too much or you risked too little so it's very important you understand the concept of risk management even beyond diversifying your portfolio because if you have an investment in two coins and one is doing so well while the other is at some time doing so bad you see that your profits will be canceling out and you may end up breaking even or in losses and that's a very bad risk management.

You can aswell invest in just a single coin and still be very much profitable as you would have with other multiple coins , this aswell have some relativity with FOMO, you don't make impulsive decision because you think a coin is going to do so well or probably because you see that it has already attained a new ATH an you immediately hop on it, you may end up in losses and same applies with exiting early you will definitely leave good money on the table.

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December 15, 2023, 09:44:09 PM
 #25

This is while I always prefer to invest in BTC than altcoin. Investing in Altcoin needs a lot of research to make money from it even during the bullrun. And even with the research if you don't put eyes on the altcoin well, you main even still lose out when the altcoin pump.

Some people actually did a lot of research before they invested in an altcoin, but they still got disappointed because the investment did not bring any profit. Definitely, we know that there are some altcoins that will pump during the bull market, and it will yield a huge profit for investors that invest in such altcoins, but the problem is that no one knows the actual coin that will pump and give a 1000x profit. Some investors who are ready to accept whatever result (profit or loss) they get will invest in random altcoins.

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