Hello, everyone.
I welcome you to my blog. Nothing gives a Cryptocurrency user or trader joy like when the Cryptocurrency market experiences a bull run, profits are made, and bills are paid. In 2021 and 2022, the Cryptocurrency market experienced a blood bath and has not recovered fully since. I still remember Bitcoin hitting $66,000, though many of us did not prepare for the bull run and failed to utilize the benefits that came with it.
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Missing the next bull run is a no-no for me; I have to prepare ahead as the Cryptocurrency market cannot really be predicted. It can happen all of a sudden. When the bull run was experienced, I was a newbie in the space, and I did not know how to strategize and enjoy the benefits that come with a bull run. I am still a newbie in the Cryptocurrency world, but I am better than I was, and I have some ideas on how to do a few things.
Following and associating with a few guys that know a lot about Cryptocurrency is slowly helping me fit in. The truth remains that in order for one to enjoy Cryptocurrency, they must have the capital to invest in it. As a student and an average earner, it has not been really easy on me, but I still try to make sure I am a beneficiary of the next bull run.
Buy When Low: The best way to benefit from the bull run is to buy when the price is low, and when the bull run comes knocking, you can sell off and take your profits. Currently, the Cryptocurrency market is not what it used to be. We can buy now and hope for the bull run to come knocking soon. Sometimes I wish I earned more than I am currently earning; the dip was the best time to buy, but I couldn't accumulate as much as I wanted.
Invest In A Coin or Token You Dim Fit: The truth remains that not every token or coin we see on the market has the potential to yield a profit for investors. Invest only in coins with potential and a good market cap, and investors are investing in them as well.
Do Your Research: Embarking on a Cryptocurrency journey is a risk on its own, which is why we have to play it safe and not depend on another person's research. Do your research before investing. Sometime back, when I just stepped into the Cryptocurrency world, I went ahead and invested in shitcoins like Safemoon, Safemars, and Freecoin. Long story short, I lost everything to these investments. I hated the Cryptocurrency world for that, but later realized it was my mistake to invest without doing any research.
Hodl: Many of us are users of this strategy; after accumulating a reasonable amount or the amount we can afford of a particular cryptocurrency, we sit down and wait for the bull run. At this stage, we get disheartening experiences; you watch your money depreciate and appreciate. Investing in and having to do anything with Cryptocurrency is really not for the faint-hearted.
Don't Rush A New Project: Some lessons are best learned the hard way, as a result of what Shiba Inu did sometime back and how it paid early investors massively. I did not think twice about investing in Wakanda Inu; this one went sideways on me. While preparing for the bull run, don't rush a new project; watch it closely before investing.
Thanks for reading my post.