Mistakes During Bull Run

[ruykeri]

We may see the next big Bullrun within 2 or 3 year. However, a short-term rally could occur this year. Each time, many of us are likely to lose money due to wrong decisions. One of the reasons for this is that many new people who are learning about Bitcoin think they are very smart. But due to their lack of skills, they invest in Bitcoin without planning based on luck. In this case, Telegram groups and some social media hype work as their influence.  we should  slowly get out of dependence on all these things.

Many people think of getting rich very quickly. That is why they often waste money on altcoins. Since the price of altcoins increases along with Bitcoin during Bullrun, they spend a large amount of money on altcoins after listening to other people's stories. But this type of altcoin is very dangerous. Which is worse than gambling. Because altcoins are controlled. That is why it is not right to invest in altcoins at any other time except Bullrun.

Another issue is not being able to take profit. Just suppose  It may found that someone invested in Bitcoin at the beginning of the bull run around $75k. Later it increased to $90k to $100k, then $150k. He waited for more growth but after that the price started to decrease and when he sold it he did not get the right profit. But if they had bought Bitcoin with long-term holding preparation and mentality, then later even after the price increased, he would have been in a profitable condition .

To avoid all these mistakes, it is necessary to give importance to some things. In any situation, if you invest, you should keep the mentality of holding it for a long time. You should do your own research and invest based on the correct information so that you never get scammed by investing somewhere like Altcoin. I hope these thoughts of mine will be useful for beginners. You will also share your experience.

[Gost ms]

We may see the next big Bullrun within 2 or 3 year. However, a short-term rally could occur this year. Each time, many of us are likely to lose money due to wrong decisions. One of the reasons for this is that many new people who are learning about Bitcoin think they are very smart. But due to their lack of skills, they invest in Bitcoin without planning based on luck. In this case, Telegram groups and some social media hype work as their influence.  we should  slowly get out of dependence on all these things.

In the first stage, it is very important for a person to start investing, if the person has a discretionary income and basic knowledge about Bitcoin, then he can start investing and the right decision for him is to start investing. But yes, after starting investing, it is very necessary for us to gain knowledge. Because this knowledge will help a person see the right path and will lead him to how to protect his holdings.

Many people think of getting rich very quickly. That is why they often waste money on altcoins. Since the price of altcoins increases along with Bitcoin during Bullrun, they spend a large amount of money on altcoins after listening to other people's stories. But this type of altcoin is very dangerous. Which is worse than gambling. Because altcoins are controlled. That is why it is not right to invest in altcoins at any other time except Bullrun.

Investing in altcoins is never the right approach. All these coins are basically created to cheat. However, not all coins in the market are cheats, maybe there are some coins that are good. However, it is a very good decision not to invest in these coins. Investing in these coins and hoping for your own dangers is the same decision.

Another issue is not being able to take profit. Just suppose  It may found that someone invested in Bitcoin at the beginning of the bull run around $75k. Later it increased to $90k to $100k, then $150k. He waited for more growth but after that the price started to decrease and when he sold it he did not get the right profit. But if they had bought Bitcoin with long-term holding preparation and mentality, then later even after the price increased, he would have been in a profitable condition .

A person who enters the market with such a mentality is not an investor but a trader. They are involved in gambling in the name of investment. An investor will never change his color with such a situation in the market, he will continue to work according to his goals.

To avoid all these mistakes, it is necessary to give importance to some things. In any situation, if you invest, you should keep the mentality of holding it for a long time. You should do your own research and invest based on the correct information so that you never get scammed by investing somewhere like Altcoin. I hope these thoughts of mine will be useful for beginners. You will also share your experience.

If someone is focused on fraudulent coins like this in altcoins, then he can be a victim of fraud. It is impossible to find a person who is familiar with the word crypto but does not know about Bitcoin. It is very natural for someone who knows about Bitcoin and if he knows about Bitcoin but is attracted to fraudulent coins in the market and invests, then he will be a victim of fraud. Our main focus should be Bitcoin

[Shadiq]

Investing in certain altcoins (Ethereum, BNB, Solo, XRP, etc.) during bullruns can be risky but profitable. Not all altcoins are associated with fraud, there are still some altcoins in the market where we can invest at certain times. However, it is better not to invest in altcoins for the long term like Bitcoin, invest with prudent money and invest it as soon as you get a profit. I definitely want to set a standard of experience for investing in altcoins, a new investor or an inexperienced investor should not enter altcoin investment.

Even as a Bitcoin investor, you can invest in some reliable altcoins (Ethereum, BNB, Solo, XRP, etc.) to diversify your investment. Diversification in investment should be a personal choice, I do not consider this advisable. Because altcoin investment is risky, where there is a possibility of loss. Stick with Bitcoin at the beginning of your investment, when you gain some experience with crypto, you can invest in altcoins. Bullrun may be a good time to invest in altcoins.

[Franctoshi]

Investing in certain altcoins (Ethereum, BNB, Solo, XRP, etc.) during bullruns can be risky but profitable. Not all altcoins are associated with fraud, there are still some altcoins in the market where we can invest at certain times. However, it is better not to invest in altcoins for the long term like Bitcoin, invest with prudent money and invest it as soon as you get a profit. I definitely want to set a standard of experience for investing in altcoins, a new investor or an inexperienced investor should not enter altcoin investment.

Even as a Bitcoin investor, you can invest in some reliable altcoins (Ethereum, BNB, Solo, XRP, etc.) to diversify your investment. Diversification in investment should be a personal choice, I do not consider this advisable. Because altcoin investment is risky, where there is a possibility of loss. Stick with Bitcoin at the beginning of your investment, when you gain some experience with crypto, you can invest in altcoins. Bullrun may be a good time to invest in altcoins.

These Coins you listed above are coins with utility cases and the risk associated with investing in them is a bit lesser when you invest in shitcoins and memes that are driven by community community hypes. They're definitely coins we should avoid, as you're looking for coins that will give 1000% gain also put in mind the possibility of your investment amounting to nothing when the prices of these Coins falls or go rug pull.

[Agbamoni]

Many people think of getting rich very quickly. That is why they often waste money on altcoins. Since the price of altcoins increases along with Bitcoin during Bullrun, they spend a large amount of money on altcoins after listening to other people's stories. But this type of altcoin is very dangerous. Which is worse than gambling. Because altcoins are controlled. That is why it is not right to invest in altcoins at any other time except Bullrun.

There is no perfect time to invest in an altcoin, not even during the bull run. In Bullrun, not all altcoins are advisable to invest in, only a few have at least proven to be reliable over the years. For example, BNB, SOL, and ETH.

Eventually, in bull season, most altcoins pump and dump immediately, as if the owners were patiently waiting for the bull run so that they could cash out too. I will rather advise someone to invest in altcoins during the bear market so that when the bull comes, they will be withdrawing their investment instead of investing again. In all, I can't advise anyone to invest in altcoins.

[Mhizlove]

Honestly from how I view it is that the biggest lesson is to have self control and patience when it comes to crypto space because it really do matters alot, you see most people run into bitcoin because of how it being hyped and we know that market isn't something kind of race. From what have observed those that took time to learn, avoid following trends or hype blindly and hold bitcoin with a clear plan usually don't panic when the market fluctuates, you see sometimes the best time or move is not when you rush into an investment or trade but it's when think long term

[Cryptomultiplier]

Many people think of getting rich very quickly. That is why they often waste money on altcoins. Since the price of altcoins increases along with Bitcoin during Bullrun, they spend a large amount of money on altcoins after listening to other people's stories. But this type of altcoin is very dangerous. Which is worse than gambling. Because altcoins are controlled. That is why it is not right to invest in altcoins at any other time except Bullrun.

There is no perfect time to invest in an altcoin, not even during the bull run. In Bullrun, not all altcoins are advisable to invest in, only a few have at least proven to be reliable over the years. For example, BNB, SOL, and ETH.

Eventually, in bull season, most altcoins pump and dump immediately, as if the owners were patiently waiting for the bull run so that they could cash out too. I will rather advise someone to invest in altcoins during the bear market so that when the bull comes, they will be withdrawing their investment instead of investing again. In all, I can't advise anyone to invest in altcoins.

The success of altcoins is somehow dependent on the success of Bitcoin and when investing, I think it's best to only invest in altcoins when diversifying Bitcoin portfolio for quick profit from altcoins.
Otherwise, altcoins are better for the function they are made like we have Eth for gas fees and NFTs.
The bull trap is where those who trade high leverage positions get to lose more and it's looking like it right now if the price of Bitcoin rises to about $80k and above or within that margin.
So hold long term and reap better returns instead of gambling away with altcoins or shitcoins.

[Mate2237]

Honestly from how I view it is that the biggest lesson is to have self control and patience when it comes to crypto space because it really do matters alot, you see most people run into bitcoin because of how it being hyped and we know that market isn't something kind of race. From what have observed those that took time to learn, avoid following trends or hype blindly and hold bitcoin with a clear plan usually don't panic when the market fluctuates, you see sometimes the best time or move is not when you rush into an investment or trade but it's when think long term

No body should rush into Bitcoin because of the hype it gets from people who may not be too informed about Bitcoin and how it works. It's important that you always take your time and work not follow trending News on social media platforms which tends to mislead people with informations that may not be totally true. It's true that Bitcoin is profitable but that is on a long term and not immediate.


Rushing to buy with with emotions due to rise in price or what ever reason often leads to regret, this is because, those who panicked and buy with the hopes of making money are people who are inexperienced when it comes to Bitcoin investment.

[CryptoHeadlineNews]

To avoid all these mistakes, it is necessary to give importance to some things. In any situation, if you invest, you should keep the mentality of holding it for a long time. You should do your own research and invest based on the correct information so that you never get scammed by investing somewhere like Altcoin. I hope these thoughts of mine will be useful for beginners. You will also share your experience.

Yes, you are truly right on those key points you outline above as been the main mistakes people make in Bitcoin investment during bull runs. Because in a nutshell, it's true that as humans, during a bull run, most people will be tempted into investing in what they thought could give them huge profits within a short while, rather than sticking with Bitcoin that have proven to have got series of success over the years. Because it is actually "Bear market" like this that is actually the best time to invest in Bitcoin, but it's just sad that during periods like this people talk less about it compared to bull market when almost everybody wants to jump into the trend. Hence, having a long term mentality with Bitcoin investment is actually the best way to benefit from it.

[Grace333]

Honestly from how I view it is that the biggest lesson is to have self control and patience when it comes to crypto space because it really do matters alot, you see most people run into bitcoin because of how it being hyped and we know that market isn't something kind of race. From what have observed those that took time to learn, avoid following trends or hype blindly and hold bitcoin with a clear plan usually don't panic when the market fluctuates, you see sometimes the best time or move is not when you rush into an investment or trade but it's when think long term

No body should rush into Bitcoin because of the hype it gets from people who may not be too informed about Bitcoin and how it works. It's important that you always take your time and work not follow trending News on social media platforms which tends to mislead people with informations that may not be totally true. It's true that Bitcoin is profitable but that is on a long term and not immediate.


Rushing to buy with with emotions due to rise in price or what ever reason often leads to regret, this is because, those who panicked and buy with the hopes of making money are people who are inexperienced when it comes to Bitcoin investment.

Well i think if it's about investing in bitcoin and not trading everyone who is interested can get started right away because there nothing too much to learn aside knowing how to secure your bitcoin and how to continually buy more provided it's coming from your spare cash and not money ment for other important things. But if they are being told a hype story on trading I think they can do their research and compare the level of risk their willing to work with. The earlier we invest in bitcoin the better and by the way there's no need to diversify into crypto because if you check well you've not made a really good amount of investment in bitcoin to why share that funds instead of looking for ways to get more aggressive.

[Oshio-man]

You made bitcoin your choice doesn't mean other that made altcoins their choice to invested in altcoins don't know what they are doing, some time you can make income from altcoins like three times a year, but it will not going to be huge like what you will earn from bitcoin because bitcoin income always huge than altcoins income, one of the mistake I know is very common among bitcoin investors is that they always feel the price will still increase higher and they will not like to sell than to discover they have missed opportunity that would have make them to earn huge income from bitcoin,  before bullish season appear in the market make sure that you know the price you purchased your bitcoin from so that you will not think twice before you sell your bitcoin once the price touch the market.

[I_Anime]

First before going into bitcoin make your decision first are you in for longterm or short term.  If you are in for short term then you can be wary of market conditions  . Your aim is to avoid your money being trap in BTC for long so you will find means to avoid that and make profits while doing so , know that such method far riskier than longterm holding you shouldn’t be bother with market conditions all that matters is how long you can hold and are consistent you are with your accumulation.

[Joy- maker]

Someone persons get stuck along the line because of the mindset they entered the Bitcoin market with. When you enter the market with the earn of getting rich quick then you are likely to sell your Bitcoin investment out of panic, likewise those who enter the market because of FOMO.

if you want benefit from Bitcoin you have to enter the market with the right mindset ( long term mindset)  not short term. You can only benefit from Bitcoin when you buy and hold for long term 5 to 10 years or more. Investing in Bitcoin for short term will profit you nothing. I believe those who tried to profit from Bitcoin through short later regretted their actions.

[Frankolala]

First before going into bitcoin make your decision first are you in for longterm or short term.  If you are in for short term then you can be wary of market conditions  . Your aim is to avoid your money being trap in BTC for long so you will find means to avoid that and make profits while doing so , know that such method far riskier than longterm holding you shouldn’t be bother with market conditions all that matters is how long you can hold and are consistent you are with your accumulation.

It's better to invest in the long run and tie down your money than gambling with your money and lose it within a short period of time. Investors who are buying shitcoins and those trading are the ones partaking in the highest risk of the market because losses can come at anytime. However, if you're a long-term bitcoin investor who onlh buys and pile up for your future, you will benefit more than traders.