This is your chance in the cryptocurrency sector.

DYZR...HHLr
19 Mar 2024
38

The cryptocurrency market is a place where all of your dreams can come true. Fortunes can be made overnight, but they can be destroyed just as quickly.
Recently Bitcoin has been on a blistering pace and has defied all expectations. The mood in the entire market has shifted, and the talk of this finally being “the cycle to end all cycles” has begun. The cycle that causes the largest transfer of wealth in recent memory. Anyone can make it in this market. The only thing that determines your success is yourself.

Will you succumb to the rookie mistakes? Will trust influencers who have your “best interests” at heart? And will you get overtaken by greed and FOMO? These are only a few factors that will determine your success.
The longer you are in this market, the more you will learn that newcomers keep making the same mistakes over and over again.

In the past, I’ve heard other Bitcoiners and crypto enthusiasts call this their learning phase. These mistakes are often unavoidable for most people in this market. The hard truth is that people must make these mistakes to ever have a chance of becoming successful in crypto. You won’t learn until you actually get burned.

Personally, I don’t believe this.
Maybe this was true for the first people that got into Bitcoin and crypto. At that time, it was a completely new frontier. That is no longer the case. Knowledge is power, and there is a vast amount of it about crypto available for free on the internet.

You can quickly learn about all the mistakes that investors have made before you. Trying to time the market perfectly, listening to YouTubers, trying to trade with leverage, investing heavily in low-cap tokens or meme coins, and the list goes on.

With that in mind, there are 2 vital pieces of advice that I wish I could teach to all newcomers in this market that would help ensure their success.
The first is you must have a long-term timeframe in this market. If you are hoping to become rich during your first cycle with little capital; you’re just entering with the wrong kind of expectations.

There is a famous belief in crypto of just how long it takes to “make it.”
You can make great gains during your first cycle. You can become rich during your second cycle. And you can build life-lasting wealth during your third full cycle.

Those who enter the market with the purpose of investing for a decade and building a lasting portfolio will find more success than those who are trying to get rich by the end of the summer. This is why I often prefer to invest in blue chip cryptocurrencies that I know will still be around ten years from now.
Never forget that the cryptocurrency market is still the Wild West. There is danger all around you, and if you’re not careful it could destroy your portfolio.

You Can’t Catch Them All



The second piece of advice I would give to newcomers is that they need to remain incredibly patient.
One of the mistakes I have seen investors in crypto make over and over is becoming jealous of other coins that are soaring, but aren’t in their portfolio.

While the tokens in their portfolio seem to go only sideways, projects like Solana and meme coins have gone parabolic. They don’t want to get left behind and eventually decide to ditch the token that they were previously fond of.
Naturally, as soon as they do this, their newly purchased coin has reached its top and plummets. While the project that they had just sold now begins to soar.

You cannot catch all the winners in the crypto market, and it would be a fool’s task to even try.
Research the market, build your conviction, and stick to them. Eventually, fortune will come back to you and your portfolio will begin to go up.

The truth is that during the bull cycle in crypto, most projects will go up. If this truly ends up being the “super cycle,” then many of us are about to make more money than we ever dreamed possible. The worst thing that you can do in this moment is to make self-inflicted mistakes that end up destroying your portfolio

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