Crypto Rallies Heat Up – 9 Pitfalls to Sidestep for Maximum Profits Trading Bitcoin (BTC), Meme Coins, RWA Tokens, Others
As Bitcoin starts its ascent to break new all-time highs, other sectors like AI, meme coins, and real-world assets are also gearing up for major moves. With rallies picking up steam, crypto trader @leshka_eth shares 9 hard-learned lessons to avoid costly mistakes and stay profitable.
“On the previous bull run, I turned $200 into $80,000. Then I lost almost everything by making too many mistakes,” they said. “Here are 9 tips I wish I knew in 2021 to help you skip the painful part and get a jackpot this time around.”
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Show more +- Have a plan and estimate risk/reward before aping into any potential 1000x play.
- Don’t chase made-up trends that could be fleeting. Find a niche you like and stick to it.
- Don’t blindly ape into pumps. Though hype beats fundamentals in bull markets, still analyze for red flags.
- Take some profits instead of endlessly chasing higher returns until it’s too late.
- Put some winnings into stables to buy dips – a “cheat code” in bull markets.
- Don’t try to short hype plays and swim against an irrational bull tide.
- Don’t overthink it. Shed the high IQ mindset and look at mass appeal projects.
- Don’t quit when challenges arise – grind hard now after persisting through the bear.
- Avoid the urge to splurge winnings on useless things before it’s truly life-changing money.
With clear lessons from dearly bought experience, @leshka_eth’s guidance could help prevent many investors from repeating the same mistakes this cycle. Staying disciplined while capitalizing on opportunities is key.
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- Analyst Shares Key Tips for Maximizing Profits from Elon Musk’s Tweets in Bull Market
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