If you are going to put your big capital on a single promising cryptocurrency, I would say that’s not good decision, for that diversification helps to reduce your investment risk.
While it's true that you're reducing the risk with your investment if you're going to diversify. But you can make some exceptions if you're going to invest all-in with Bitcoin only. As you've said about investing on a very promising cryptocurrency, isn't Bitcoin a promising one? You see Bitcoin maximalists telling you that they invest only and Bitcoin and that's totally fine. This is the exception that I am saying, not with a single altcoin but investing to Bitcoin-only is fine. Diversification is fine but that's what others have to understand as well why investing in Bitcoin alone is preferable and counts as a good decision. Well, that's for me and might not be for you since you've just said that it's not a good decision. 
Topic: [Guide] Things to keep in mind Before Bull Run. - page 2. (Read 281 times)
Always keep in mind that BitcoinBTC should be your first priority in Bull run.
Not only during the bull run but during bear run Bitcoin should be the first investment for the one who are into crypto-market. Bitcoin is well-known for its steady growth and has been in the crypto-world for much longer than any other crypto-currency. I would always recommend everyone to buy Bitcoin now because in the coming bull run profits are assured if someone invests in Bitcoin. I predicted that Bitcoin may reach $50k before 2024 and still I'm positive that Bitcoin can reach $50k during the final days of December 2023 maybe on or after Christmas.
I would say that investing in other crypto-currencies especially the ones listed on pre-sale sites can be very risky. Investors get attracted to crypto-currencies a lot during the bull run and mostly new investors make mistake of going with crypto-currencies that promise higher profits in short durations.
I know that a few of those projects can give more than expected profits like in the case of Shiba Inu but it's some kind of gambling to find those rare coins and in their name the social media marketers promote useless coins that will empty up the accounts of the investors.
DYOR (Do Your Own Research):
Except for bitcoin, if you're having any altcoins in mind and yet have made no any tangible research on that coin, it's a complete and total risk you're taking, most made investment on shitcoins because they never understand the needful they are required to first make research about before making an investment, we must make our own research and also compare them with other informations we've gathered concerning a crypto coin or project, if we are not sure or confident in what we are seing, then we shouldn't Invest, instead we can wait and follow a gradual step in acquiring more informations about them before Investment.
Diversification:
Well, hehe seems like I covered some of this part in risk management hmm that’s fine. If you are going to put your big capital on a single promising cryptocurrency, I would say that’s not good decision, for that diversification helps to reduce your investment risk. Spread your net investments across different projects to reduce the impact of any single coin's poor performance in your portfolio. Always keep in mind that BitcoinBTC should be your first priority in Bull run.
If only bitcoin is invested on, there will not be a poor performance most likely. But some altcoins are volatile and some may likely give you more profit. If you are lucky that the altcoins invested on increased in price, do not think two times to convert it to bitcoin or fiat because their dump is not going to be easy. Well, hehe seems like I covered some of this part in risk management hmm that’s fine. If you are going to put your big capital on a single promising cryptocurrency, I would say that’s not good decision, for that diversification helps to reduce your investment risk. Spread your net investments across different projects to reduce the impact of any single coin's poor performance in your portfolio. Always keep in mind that BitcoinBTC should be your first priority in Bull run.
Introduction:
It is so obvious that the world of cryptocurrency is well known for its volatility, and the Probability of a bull run gives many chances to the investors in the form of ups and dips. As the prices increase it builds excitement in the investors, it's very important to adopt some strategies for accumulation of cryptocurrencies well main is Bitcoin because of trust worthy. Keep in mind these key considerations before getting ready for the cryptocurrency bull run.
DYOR (Do Your Own Research):
Keep this tip in mind that information and knowledge is the power in the world of cryptocurrency. Before the bull run starts you have to give some time to the project or coin you are going to invest in or you’re interested in. If want to get good profit from any specific token, coin check their social media handles like is that particular project is working on their ecosystem or not and are they bringing good updates to make this project well hyped or not. If the use-case of particular project is good then go for it and invest some amount that you can easily bear. Some more thing while doing DYOR you have to understand their technology, team, and community support. The investor with well-information can make better sound decisions during times of market getting hyped.
Risk Management:
Cryptocurrency world is well known for its rapid price fluctuations as I aforementioned. Determine how much of your portfolio you're willing to risk on a single project like if you have invested in multi projects or token It will be good for you to overcome your risk like we never know which project going to give you a fine and decent profit but keep in mind Diversify your portfolio after well-DYOR.
Diversification:
Well, hehe seems like I covered some of this part in risk management hmm that’s fine. If you are going to put your big capital on a single promising cryptocurrency, I would say that’s not good decision, for that diversification helps to reduce your investment risk. Spread your net investments across different projects to reduce the impact of any single coin's poor performance in your portfolio. Always keep in mind that BitcoinBTC should be your first priority in Bull run.
Stay Tuned:
Try your best to stay tuned about the market trends and news Because news can bring ups and dips in the market. Some more factors to keep in mind while keeping eye on market sentiments which includes regulatory developments, technological advancements, and macroeconomic trends. Staying informed allows you to adjust your strategy based on changing market conditions like in case market goes down you can put some more investment in each project for making good average entry. This is only possible when you stay tunned and pre-arranged your funds for good entry again.
FOMO (Fear of Missing Out):
The FOMO (fear of missing out) can lead you to impulsive decisions which may lead to big mistakes. I have already covered this topic so I won’t write it again here but I would like to mention some points here which are always stick to your pre-determined plan while investing and if you have good sources it may help to overcome your FOMO. I am mentioning my FOMO topic here if you are interested you can read this one also.
Conclusion:
We know that Bull run come after the bitcoin past market cycle and this bull run will be held after halving event which comes after 4-years cycle. So, the bull run can be an exciting and profitable time for investors to take good profit out of market but it requires good planning and approaches like; conducting DYOR, diversification of portfolio, risk management, staying tuned, and avoiding FOMO. you can navigate the ups and downs of the crypto market with confidence while adopting these aforementioned strategies.
Disclimer: This topic is self observed and many things is self experinced And TBH, many more things i wanted to add in this topic but i avoid because I thought this should not be over lengthy.
It is so obvious that the world of cryptocurrency is well known for its volatility, and the Probability of a bull run gives many chances to the investors in the form of ups and dips. As the prices increase it builds excitement in the investors, it's very important to adopt some strategies for accumulation of cryptocurrencies well main is Bitcoin because of trust worthy. Keep in mind these key considerations before getting ready for the cryptocurrency bull run.
DYOR (Do Your Own Research):
Keep this tip in mind that information and knowledge is the power in the world of cryptocurrency. Before the bull run starts you have to give some time to the project or coin you are going to invest in or you’re interested in. If want to get good profit from any specific token, coin check their social media handles like is that particular project is working on their ecosystem or not and are they bringing good updates to make this project well hyped or not. If the use-case of particular project is good then go for it and invest some amount that you can easily bear. Some more thing while doing DYOR you have to understand their technology, team, and community support. The investor with well-information can make better sound decisions during times of market getting hyped.
Risk Management:
Cryptocurrency world is well known for its rapid price fluctuations as I aforementioned. Determine how much of your portfolio you're willing to risk on a single project like if you have invested in multi projects or token It will be good for you to overcome your risk like we never know which project going to give you a fine and decent profit but keep in mind Diversify your portfolio after well-DYOR.
Diversification:
Well, hehe seems like I covered some of this part in risk management hmm that’s fine. If you are going to put your big capital on a single promising cryptocurrency, I would say that’s not good decision, for that diversification helps to reduce your investment risk. Spread your net investments across different projects to reduce the impact of any single coin's poor performance in your portfolio. Always keep in mind that BitcoinBTC should be your first priority in Bull run.
Stay Tuned:
Try your best to stay tuned about the market trends and news Because news can bring ups and dips in the market. Some more factors to keep in mind while keeping eye on market sentiments which includes regulatory developments, technological advancements, and macroeconomic trends. Staying informed allows you to adjust your strategy based on changing market conditions like in case market goes down you can put some more investment in each project for making good average entry. This is only possible when you stay tunned and pre-arranged your funds for good entry again.
FOMO (Fear of Missing Out):
The FOMO (fear of missing out) can lead you to impulsive decisions which may lead to big mistakes. I have already covered this topic so I won’t write it again here but I would like to mention some points here which are always stick to your pre-determined plan while investing and if you have good sources it may help to overcome your FOMO. I am mentioning my FOMO topic here if you are interested you can read this one also.
Conclusion:
We know that Bull run come after the bitcoin past market cycle and this bull run will be held after halving event which comes after 4-years cycle. So, the bull run can be an exciting and profitable time for investors to take good profit out of market but it requires good planning and approaches like; conducting DYOR, diversification of portfolio, risk management, staying tuned, and avoiding FOMO. you can navigate the ups and downs of the crypto market with confidence while adopting these aforementioned strategies.
Disclimer: This topic is self observed and many things is self experinced And TBH, many more things i wanted to add in this topic but i avoid because I thought this should not be over lengthy.
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