In my first #crypto bull market, my portfolio hit $269,282 from $5,000.
Then the fall came, back to $65,000.
If I sidestepped these 5 crucial errors, it could've grown over 100x.
Avoid these errors at all cost ๐งต
Then the fall came, back to $65,000.
If I sidestepped these 5 crucial errors, it could've grown over 100x.
Avoid these errors at all cost ๐งต
Smart Profit-Taking
Profit-taking is an art. I once sold an investment, only to see it surge 10x more. During the NFT craze, I minted 30 NFTs at $30 each and sold them for $300+.
They later soared to over $3,000 each. The lesson? Secure your profits, but keep some invested.
Profit-taking is an art. I once sold an investment, only to see it surge 10x more. During the NFT craze, I minted 30 NFTs at $30 each and sold them for $300+.
They later soared to over $3,000 each. The lesson? Secure your profits, but keep some invested.
Avoid emotional attachment to projects.
I once got caught up in the excitement of a coin, especially when its value skyrocketed. I was convinced that this project would make me rich.
However, this blind faith led to significant losses.
I once got caught up in the excitement of a coin, especially when its value skyrocketed. I was convinced that this project would make me rich.
However, this blind faith led to significant losses.
Beware of Fake Personalities
When optimism runs high in the market, it's important to remain cautious.
Blindly trusting persuasive and untrustworthy sources can be risky. Sensational promises and daring strategies may seem thrilling but can result in disappointment.
When optimism runs high in the market, it's important to remain cautious.
Blindly trusting persuasive and untrustworthy sources can be risky. Sensational promises and daring strategies may seem thrilling but can result in disappointment.
Don't use unoffcial links
A vital lesson I've learned: always use official sources when interacting with dapps.After your first use, make sure to bookmark the site. AVOID SEARCHING FOR IT ONLINE.
This action can greatly minimize the chances of falling victim to fraud and losing
A vital lesson I've learned: always use official sources when interacting with dapps.After your first use, make sure to bookmark the site. AVOID SEARCHING FOR IT ONLINE.
This action can greatly minimize the chances of falling victim to fraud and losing
Become an expert in a specific niche.
If you try to do too much, you might miss important things because of limited time and effort. It's usually better to pick one area to focus on and get really good at it.
If you try to do too much, you might miss important things because of limited time and effort. It's usually better to pick one area to focus on and get really good at it.
Summary
- Smart Profit-Taking
- Avoid emotional attachment to projects.
- Beware of Fake Personalities
- Don't use unoffcial links
- Become an expert in a specific niche.
- Smart Profit-Taking
- Avoid emotional attachment to projects.
- Beware of Fake Personalities
- Don't use unoffcial links
- Become an expert in a specific niche.
And that's it!
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! ๐
2. Like/Retweeting the first tweet below would mean a lot to me ๐ โค๏ธ
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! ๐
2. Like/Retweeting the first tweet below would mean a lot to me ๐ โค๏ธ
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