FOLLOW THESE 30 TIPS FOR MAXIMUM SUCCESS!š
ā Be exposed to relevant crypto narratives (AI, Gaming, RWA, L1s, DEX's)
ā Networking is key ("Your network is your networth")
ā Store most of your crypto on a secure hardware wallet
ā Be patient, most of the gains come at the end of the crypto cycle (if history repeats itself, it will most likely be sometime in 2025)
ā Stay up-to-date on your investments
ā Don't be all in on any crypto project ever, no matter how high your conviction is - diversification is important!
ā Dollar-cost average at strategic buy zones
ā Be aware of the tax implications
ā Watch out for scammers
ā Before investing into an altcoin, always do your own research
ā Don't be all in, always have enough cash so you can buy dips
ā Only use leverage trading if you know what you're doing (most likely you'll need many years of practice first!)
ā I wouldn't recommend investing into crypto after $BTC has hit a new all time high, the best time to buy is now as we are close to leaving the macro accumulation phase
ā Pay attention to the macro economy
ā Only invest what you can afford to lose
ā Know that if your non-crypto friends suddenly all talk about crypto & have FOMO, it's most likely the time to sell
ā Using Tradingview is a must-have for any serious investor!
ā Find out if you have the possibility to stake your altcoins to generate passive income
ā Always be a step ahead of the crowd, make a general profit taking plan for the bull run but be able to adapt to if it doesn't work out in your favour
ā If one of your altcoins doesn't move up as fast as others, be patient, if the fundamentals are solid, there is no need to worry
ā I'd only recommend buying into coins that you have high conviction in, otherwise you might panic sell if the market dumps hard
ā Don't follow influencers blindly, understand that some have their own agenda by shilling worthless projects
ā If you don't have trading experience then do not trade, stick to investing (most gains will be made through investing in a bull market anyway)
ā Learn TA (Technical Analysis) to know when to buy or sell your coins - Follow my account @ParabolicPump for TA eduction & accumulation strategies on your favourite altcoins
ā Don't get caught up in the hype at the end of the bull run! While 99% of market participants will remain bullish, you need to exit the market
ā After you have made life changing gains, cash out your profits and invest them in the "real world" by buying assets like real estate
ā The best investors in crypto won't necessarily be the ones who make the most in the bull run, the ones that KEEP their profits will be the most successful
ā Have the right mindset - NEVER GIVE UP!
ā Understand this: Failure is just a necessary step on the road to success in the crypto market. I've accomplished the biggest growth in my crypto journey through failure. Embrace the challenges, absorb the lessons, and become a legend!
Cheers!š„
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