بیل مارکیٹ کا مطلب پیسہ کمانا نہیں ہے۔ اس چکر میں ہم زیادہ سے زیادہ منافع کیسے کما سکتے ہیں؟
اصل مصنف: کرپٹو، ڈسٹلڈ
اصل ترجمہ: TechFlow
The bull market is not as simple as you think.
Even if $BTC hits $100,000, many people will likely see their gains diminishing.
Dont be that investor.
Here are 15 rules to help you maximize your profits during this cycle.
1. Unrealized gains are not gains
This is the most important rule of all.
Set it as your lock screen, put it on the fridge – whatever you do, dont forget about it.
Paper gains are just imaginary values until you actually sell.
(h/t TradeSanta)
2. Avoid using leverage
Altcoins already have enough firepower.
You dont need more volatility to get good returns.
Dont let greed kill your gains.
Ive seen a lot of people fail because of alcohol and leverage – leverage is borrowing. In this world, you dont actually need to borrow money. If youre smart, you can make a lot of money without borrowing money. – Warren Buffett
3. Gradually reduce holdings
No one can perfectly time market tops.
Plan to exit within the top third of the cycle.
Accept leaving a portion of your earnings behind to secure your future.
(Example strategy from @denomeme )
4. Be prepared for a dip
It is just as important to consider downside risks as it is to consider upside potential.
Optimize your strategy to ensure you can withstand the worst-case scenario.
Opportunities for generational wealth are rare. Live long enough to seize them.
5. Look for asymmetric investments
Not all opportunities are created equal.
Dont let rising prices lure you into a bad risk/reward position.
The upside potential should always be greater than the downside risk.
(via @ssaurel )
6. When in doubt, take the long view
Dont get lost in the hype. Take a step back and think about the long term.
Is the multi-year trend more likely to continue or reverse?
In the next 6 months or more, will there be more liquidity flowing into or out of the market? Why?
7. Be selective in your investments
Altcoin dilution has reached unprecedented levels.
You don’t need to chase those shiny coins.
Most altcoins go to zero after the cycle ends – be very picky.
8. Keep your strategy simple
Complexity does not equal success.
Complex plans often fall apart when markets heat up.
Narrow your focus and keep it simple.
9. Be a big fish in a small pond
There are dozens of sectors in the crypto industry.
It is impossible to be an expert in every field.
Focus on your own field and master a few market segments.
10. Without your private key, you have no cryptocurrency
Unfortunately, many people learn this simple truth the hard way.
Even the “best” traders can lose their savings due to security negligence.
Develop good wallet usage habits. Diversify your assets into multiple wallets or centralized exchanges (CEX).
11. Bet on the leaders
Retail investors are keen on playing the “catch-up game”.
In the long run, its almost always a losing battle. The winners always go on to win.
(h/t Tapan Desai)
12. Be a team player
Remember, your network is your net worth.
Dont be a lone wolf, you will earn less.
Hang out with other savvy investors and crypto fans.
13. Comparing altcoins to BTC
Focusing solely on the USD valuation of altcoins is a mistake.
Instead, analyze the ALT/BTC trading pair.
If your active portfolio is not outperforming BTC, re-evaluate your strategy.
14. The trend is your friend
In a strong trend, it is best to follow the trend.
It only makes sense to invest against the trend at macro turning points.
Otherwise, you will be trampled by the crowd (dont quit midway).
15. Don’t get too hung up on your highest net worth
The market doesnt care about your profits or losses.
Being too persistent will only cloud your judgment.
Seize opportunities and accept losses calmly.
This article is sourced from the internet: A bull market does not mean making money. How can we maximize profits in this cycle?
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