RE-EVALUATE YOUR INVESTMENTS
Here's a mistake that many beginners make: they become emotionally attached to their cryptocurrencies. They buy a cryptocurrency because they like the chart or the project behind it and become attached to it. Once they have made gains, they don't want to sell because they are attached to the project and absolutely want to hold onto that cryptocurrency, almost out of "love."
It may sound abstract, but it will very likely happen to most of you during this bull market: it's a phenomenon from which you absolutely must detach yourself because it will prevent you from selling your cryptos and making a profit. When you invest in crypto, you're not there to support a project or to fall in love with a crypto: you're there to make money. Forget about the project behind it, take your gains, and get out of there.
Also, if an investment you've made turns bad for X or Y reason, don't be afraid to sell that crypto even if you're at a loss: you'll earn more by reinvesting your gains elsewhere. Psychologically it's difficult, but rationally it's perfectly normal. Put your emotions aside and become a calculator.
It's never good to stay invested for long in such a volatile market as cryptocurrencies: it's the best way to lose your money. Buy your cryptos during the bear market or buy cryptos that are still sideways, wait to make a profit, and get out. You'll come back in a few years, but for now, you have all the time you need to make money to reinvest in the next cycle.
Hoping that some will understand this and apply these tips.
This publication is my own opinion.
Thank you for reading.
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Livio P-V.
