Mistakes During Bull Run

[ruykeri]

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.

If someone hold Bitcoin for the purpose of short-term, it will not be investing, it will be trading. Which is much more risky. Here you have to catch the timing of the market. But it is not possible to predict when the Bitcoin market will go in which direction. So investing in the long term is the most realistic. If you hold it for a long time, the price of Bitcoin is likely to be much higher after a one or two cycles. That is why we should keep the investing mentality. That is, even if you buy Bitcoin during the bull run, you should invest for the long term.

[abaeze]

Every year there is a small or big bull run, in which case participation in this rally according to one's ability is not possible for everyone due to skill and proper planning. Therefore, only those who patiently and disciplinedly arrange their investment plans can participate in this rally, the rest just watch and get disappointed. Investing in altcoins is like gambling. If you are lucky, you may make some profit, but most of it will be lost at some point. Looking at the previous chart, it can be understood that investing in Bitcoin in the long term is profitable and reduces the risk of investment. Therefore, if you want to get rich, investing in Bitcoin in the long term is the right decision, not in altcoins. Another thing is that anyone, new or old, can make mistakes in investment, but those who learn from mistakes and plan properly later are the ones who achieve success in the future.

[7juju]

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.

It is not advisable for newbies that are starting their investments journey to start with altcoins they should avoid it as they can't differentiate between altcoins that has been at the industry for long and those that are just coming out that has the potential of rug pulling at any time. However for experienced investors who have been in the market, there are some altcoins that has been in the market for long and over time they have shown potentials of becoming bigger.

There are altcoins like the BNB that's the native coin of Binance exchange that happens to be the world biggest exchange. This coin have shown consistency over the years and since it's tied to a product we can see is doing well in the industry, it is not entirely bad if someone buys into it. What I'm saying in nutshell is that, not all altcoins are bad investments. Altcoins like BNB, Ethereum has passed that integrity test and owning them shouldn't be considered as bad investments.

[AmaGold70]

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.

[Uhwuchukwu53]

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.

I may fully agree with you that time or interval of investor holding is the real factor of panic or most losses in the Bitcoin investment where many got discouraged, one wrong decision is a factor to be properly consider because once it's wrong decision it damaged all that one have targeted towards the investment. Any short time holder should consider itself as more if trading or because the heart must always depends on luck and panic when the market wave is not in order, Bitcoin is not an investment which one without good knowledge will rush because it may even disappoint you not because it can't yeild to one expectations but as fast as speed of light where most investor think those heart that have considered it to be as quick as possible will end up been disappointed.

[liasbaa]

To learn about the market it is good to be associated with different groups and be familiar with the hype and filter the good news from there and apply it. In the initial stage of investment, you will have to spend a challenging time because this is the time to gain experience about the market. In the initial stage of investment do long term projects such as DCA for Bitcoin accumulation and learn about the market and understand the intrinsic value of Bitcoin. As your knowledge is endless, you will get the evaluation of your experience in investment if you can accumulate Bitcoin with long term patience. In any price trend bear market or bull market you should work on implementing 4-10 year Bitcoin accumulating rally.

[Son Of Blockchain (SOB)]

 Not everybody would be lucky to get rich through Altcoins, cause of wrong timing of the the market and the manipulations of Alts but those who hold for long-term and remain patient would likely be rich if they don't deviate from longterm,  that's why buying and holding Bitcoin is far more better than investing in Altcoins.
 When an investor understands Bitcoin investment, there would be no for panic, and the good thing is that even the basics is enough to guide new investors on the right way to invest, but some are in Bitcoin investment for quick gains that's why they make mistakes of selling too quick whenever the market increases.
 

[Hatchy]

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

You don't get scammed investing in altcoins. You only lose money to rugged markets. People tend to find quick profits tokens more attractive than something that is willing to pay but requires patience on a long term scale. In vesting on bitcoin is something that ones you understand how to syor your coins properly, then you have nothing much to worry but leaving your investment to yield for a long period of time. Altcoins are not advised. Even if you wish to diversify your investments, they should be done with caution. Don't invest in hyped tokens as most of those coins later don't end up well. They are usually rugged or after a bear market don't recover at all .

[cxtreenal]

Bitcoin investment is like establishing ownership of an asset. If you compare it to the stock market or any other investment, it will not be successful in the literal sense. A trader who bought Bitcoin at the price at which he bought it will sell it in most cases after making a small profit and will not be hesitant to buy it again. If a trader buys Bitcoin at $70k, he will wait for the price to increase and many will sell it even at $71k and consider this small profit as an opportunity. He will keep looking for the DIP price to buy it again and will waste time but it should be remembered that Bitcoin price may increase to $150k or more.

But a long term and intelligent Bitcoin investor will accumulate Bitcoin regardless of the price and continue for a certain period of time that means that the investor can safely reach a great investing goal of his investment. And by using discretionary income to accumulate Bitcoin you can comfortably meet your daily expenses while building a large Bitcoin stash over a period of time (over a period of 4-10 year).

[Big Dirams]

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

You don't get scammed investing in altcoins. You only lose money to rugged markets. People tend to find quick profits tokens more attractive than something that is willing to pay but requires patience on a long term scale. In vesting on bitcoin is something that ones you understand how to syor your coins properly, then you have nothing much to worry but leaving your investment to yield for a long period of time. Altcoins are not advised. Even if you wish to diversify your investments, they should be done with caution. Don't invest in hyped tokens as most of those coins later don't end up well. They are usually rugged or after a bear market don't recover at all .

Many people just prioritize going for quick profits investments which is just something negative to do because prioritizing quick profits investments will just lead into losses and regrets because many new project are just rug pulled and convincing projects that are ready to take advantage of us and go away with our holdings.
 Investing in this new altcoins and projects is very risky even if they tend to offer big value and positive rewards it very risky why not we just channel such energy into something more reliable and something more sustainable for us. Investing in bitcoin is quite reliable and profitable even if it deserve some amount of patience it absolutely worth it to me because when we invest in bitcoin at the right time we would absolutely make massive profits if the market goes positive trends. 

[Dr.Bitcoin_Strange]

This is the reason why I always say that knowledge is very important for a Bitcoin investor because that's what will prevent the person from making some beginners mistakes and will help them to become profitable at the end of the day, it's not just about investing but having a concrete knowledge which will always guide you in the journey. Some people just get one explanation about DCA and they assume that they know it all and some people also go ahead to invest at a top price with all their money and they end up selling when they are not supposed to.  While those altcoin lovers assumes that Bitcoin is too expensive, so they decide to try shitcoins which ends up shiting on them. They need to learn from the mistakes of others.

[Judith87403]

You have a valid point. So many  starters go into the market of crypto with the thoughts that fast profits are easy, mostly in times of hype surrounding Bitcoin bull runs. Groups on social media and rumors usually push people toward decisions that are risky, specifically with speculative altcoins. The greatest mistakes are to follow hype, to overestimate knowledge, and failure to take profits if the market moves in their favor.

Long-term thinking and individual research are very essential. Investors that understand cycles of market and manage expectations normally display better than the ones who are chasing quick gains. Though some altcoins may perform well, a lot are largely speculative and are influenced by insiders or hype. Setting your goal on solid assets, having a strategy that is clear, and staying away from emotional decisions can help starters to reduce losses that are unnecessary.

[Byebyebtc]

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.

That's why I keep on telling people that someone else should be the reason you invested in Bitcoin,if not someone else might be the reason why you will same your coins as well,
Bitcoin is a personal race, yes you can be inspired, but you should be the one to understand and make goals by your self, if your goals are not met there should be nothing that should make you sale your coins, and even when it come to buying, if you don't have a goal and your you expected knowledge and confidence is not met you shouldn't invest

[Fivestar4everMVP]

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.

Look, I may actually agree with the other points you gave to back up the subject of this thread but this particular point i quoted is absolutely not correct in many ways..

First of all is that, you are very wrong to generalize all altcoins as bad for investment, have you ever sat down to think or give a thought to the price that altcoins like ethereum began it's crypto journey from?
Have you ever given the same thought about BNB? How about the altcoin many of us consider the most useless altcoin - Dogecoin and other top meme coins like Shiba inu, pepe, Wifhat and the rest? Do you have may idea how much those who invested in this altcoins early and held for long made as profit at the end of the day?

And secondly, do you really think or believe that Bitcoin could have survived without altcoins? I guess you don't even know how good a role altcoins have played in getting bitcoin to the level it is today..
Don't ever advice people not to invest in altcoins, but rather, tell them to choose their altcoins for investment wisely.

[Abu-Naim]

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

One thing that affect some of us is that, they always think that since it is bull run, any project can give them money, so as a result of that, some newbies to crypto tends to invest in any project which they know nothing about and will decide just to go and sleep until 10-20X is made from the coin, but sometimes, the reverse is the cases because there are projects that are just to rug pull innocent investors who don’t care to do further research just because of the market condition which is the reason why some lose in bull run and they are mostly not  real investors but new people who just come to crypto to make quick money.

[Jubilee58]

Some investors are makes drastic mistake during cryptocurrency bull season, at this point some investors jump into the market buying some coins with no solid foundation , they now invest based on hype , no proper budgeting and no proper risk management plan because the market without proper planning.
There are very few solid cryptocurrency in the market that can deliver good profit when you invest in them at the right like Bitcoin, Eth Sol etc. But investors who only invest during the bull market, end up buying pump and dump cryptocurrency because they focus more on hype instead of buying cryptocurrency with good project team, clear use case and potentials for long term growth. They end up chasing after prices and short term profit.

There is no cryptocurrency like Bitcoin, even though there might be other solid projects like BNB, ETH, SOL , Bitcoin remains the best among all. So instead of chasing after cryptocurrency which wholly rely on hype to grow, so do yourself the favour of investing in Bitcoin, invest for long term and not only during bull run and you will gain very good reward on the long run.