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 also at 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.
Edited
Bitcoin is undoubtedly the best cryptocurrency to invest, and concerning the bull season, some investors like to invest when we are already in bull season, and is always investors with short term investment motive, and this idea of investing during the bull season is always wrong because you will definitely miss out on some good opportunities in the market. More also, investors who only invest during the bull run are always impatient and because they look for short term profit, they take their profit very early far before Bitcoin gets to it's all time high.
While Bitcoin remains the best cryptocurrency to invest in, very few altcoins are worth considering if you wish to diversify your cryptocurrency portfolio, such as ETH, BNB, Ripple and SOL and even while considering these altcoins greater percentage of your investment should be in Bitcoin.
