Topic: [Guide] Things to keep in mind Before Bull Run. (Read 281 times)

Some people actually did a lot of research before they invested in an altcoin, but they still got disappointed because the investment did not bring any profit. Definitely, we know that there are some altcoins that will pump during the bull market, and it will yield a huge profit for investors that invest in such altcoins, but the problem is that no one knows the actual coin that will pump and give a 1000x profit. Some investors who are ready to accept whatever result (profit or loss) they get will invest in random altcoins.

Risk management and FOMO are two basic knowledge one needs to understand to stay profitable in the next bull run that is very much in anticipation. If you don't manage your portfolio  enough to understand your risk level, most definitely you will be either Lossing or making leaser profits than you should have probably because you risked too much or you risked too little so it's very important you understand the concept of risk management even beyond diversifying your portfolio because if you have an investment in two coins and one is doing so well while the other is at some time doing so bad you see that your profits will be canceling out and you may end up breaking even or in losses and that's a very bad risk management.

You can aswell invest in just a single coin and still be very much profitable as you would have with other multiple coins , this aswell have some relativity with FOMO, you don't make impulsive decision because you think a coin is going to do so well or probably because you see that it has already attained a new ATH an you immediately hop on it, you may end up in losses and same applies with exiting early you will definitely leave good money on the table.

This is while I always prefer to invest in BTC than altcoin. Investing in Altcoin needs a lot of research to make money from it even during the bullrun. And even with the research if you don't put eyes on the altcoin well, you main even still lose out when the altcoin pump.

For those who have invested only in Bitcoin, they actually don't have much to worry about during the upcoming bull season. One thing they need to worry about is the security of their asset, which is to make sure their asset is highly protected to avoid being rubbed off their coin by hackers.

Due to the bull market, no one actually knows what price Bitcoin will reach. There is speculation that we might see Bitcoin above $120k, but my advice is for investors to always have a target price at which they want so that they don't sell either too early or too late.

For those that invest in altcoins, they are the ones that actually need to do very good research regarding the project they want to invest in and always keep an eye on the early stages of the bull run so that they don't miss out if, by chance, the altcoin pump

Some more to add:
1. Never invest your all amount or 50% of the amount in one altcoin, I know diversification but some people like the project so much they invest all their funds in that.
2. Do not invest in shitcoins which have very low liquidity, but are pumping hard in bull run.
3. Don't sell your all coins by seeing a ATH, after some days bitcoin may make a new ATH.

It's a nice summary over there in OP. For me, the most important aspect would be risk management.
If we don't have a proper risk management strategy then we won't be able to accumulate the potential profits that we could have got using proper risk management.
Saving our capital is the most important thing and then second important thing is to make profits.

For a single altcoin project, it is not a good decision but for bitcoin alone, it is a good decision for one to make when it comes to investing in crypto.

Investors are advised to have a diversified type of investment in crypto because when a particular altcoin hoped on fails, they have other altcoins in addition to bitcoin to give them much-needed profits that won't put them at a loss side to the altcoin that didn't do well in price during the bull run season.

In terms of diversifying investment in crypto, I own 80% of bitcoin and 20% of altcoin. Someone else can decide to have 100% of their portfolio in bitcoin and that is a good decision also.

Not only add more risk, but it's not even make sense at all.

Diversification works when someone invest in different industries, while altcoins price are greatly influenced by Bitcoin. If Bitcoin perform bad, there's no way the altcoins will going opposite, it will fall harder than Bitcoin. Stock, gold, and real estates aren't influenced by Bitcoin price, those are good assets for diversification.

There is no need to start wasting time on thinking on what coins to invest or DYOR. Bitcoin is the best coin with great potential and if anyone wants to invest, he should invest in bitcoin and let it be a long-term investment, whereby he can use only the amount that he can afford to lose as a newbie. The risk of altcoins is not worth.


Investing in bitcoin is already a risk, so why do you want to take bigger risk by investing on altcoins when we know that they are duplicates of bitcoin and they are controlled by bitcoin price movement. This is because if bitcoin dips, all other altcoins will also dip. It is better when diversifying, you diversify to a different investment like gold, bonds, stock, real estate, so that if one goes down, the other will not go down. Invest wisely.

I wouldn't mind putting more attention on diversifying portfolio, well this is good though but there are some risk in diversifying your portfolio. I think diversifying portfolio is like creating additional means to lose one investment so cheaply, don't quote me wrongly but just try to derived my point of view.

When you diversify your investment into a none reputable coin/tokens and you later finds out that such project isn't trusted knowing too well that bitcoin has been known also trust has been established if not for anything else holding enough volume of bitcoin doesn't make you risk your investment because it's just a matter of patients compared to other altcoin out there that you can't defined about their direction and progression of their newly launched token except investors are interested about doubling their money without undermining the risk associated with such project.

Let it not be as if I am too biased about or towards altcoin, altcoin that has been established can be worth diversifying ones investment, otherwise newly birth projects aren't worth to be called for one to diversified their hand earned money knowing too well that after bull run what we may see in the market is nothing less than blood bath which mostly affects all altcoin and bitcoin inclusively but at some points bitcoin do survived   otherwise most altcoin finds it very difficult to scale up again to their previous standard.

I have experienced two bear market in the past and I have understand that when Bitcoin reaches a new all time high and the dominance start decreasing is when altcoins will do the best in performance over Bitcoin, I believe this is the best time to start taking profits from altcoins.

I know that Bitcoin is the safest one but if you know how to play it right you can make tons of money from altcoin than Bitcoin, there are just too many good altcoins right now, and I strongly believe that will do so well in the next bull market.

The problem with most alt investors is they never get satisfied, they will be in big profit and they will still fail to take profits, thinking that the price will keep surging and surging, that's why many people get wrecked in crypto space.

The concept of DYOR that you explained in this your article has a bigger connection with altcoins and shitcoins investment and has little or no connections with bitcoin investment. We can all agree that there is no research needed on bitcoin investment. All that is needed is good timing of the market and you are good to go

Diversification is fine and what you explained above is diversification of portfolio and not that of investment. There is a question of who is wiser between he who invest all in BTC and he who has 50% of BTC and spread the rest 50% among altcoins.

 Very necessary... Simply be informed. One positive fundamental can make you rich and one negative of it can crash you.

This is the one that we help many of us who've already taken position and bought in. Please, no one should advise others not to FOMO 😂. We need price to speedily rally up. Even if I'm joking here, I'm still serious on this. How else do we think price rallies up if not through FOMO? We've continued to say it here that members should get on the bus now before 2024 because it's going to be a massive bull run but there are some who are still unperturbed about it. Wait till the chase begins and then they join in the mad rush to push price further north. It's a usual thing.

Well for me, it we are talking about diversification, it's bitcoin and then other assets that is not crypto, maybe stocks or precious metals.

But obviously, if you are into crypto, then bitcoin and other solid altcoins, there could be some who takes more risk and invest on new coins or even what we call pump and dump coins. However, to be on the conservative side, why not altcoin that is already solid, like in the top 10 for diversification.

At least you can sleep at night without thinking that the price might go down hard.

Before a bull run, you must prepare many things.

Money for investment. You can start to work to earn money and use money for investment in a bull run.
Determine that what cryptocurrency you want to invest money in. Bitcoin or altcoins and if you like altcoins, you must do your own research about risk of altcoins.
Then with altcoins, what altcoin type you like: old altcoins or new altcoins will be created in a next bull run.
Do you like Proof of Work altcoins or Smart contract altcoins. I see smart contract altcoins are more risky than Proof of Work altcoins.

How many cryptocurrencies failed/

If you like Proof of Work altcoins, you can choose from the list of https://howmanyconfs.com/

Diversification is a step that we make in Risk management which's why both topics seem so close to each other, we should diversify our investment and it reduces the risk of losing money only in 2 or 3 tokens, I have observed this strategy but in paper trading, I made a trade on paper of some token but it did not generate my any good profit then I found 3 to 5 different tokens and separated the same amount that I invested in first token into five parts to invest in 5 different tokens equally.

The thing that I realized is, if even any 2 or 3 of the tokens I have chosen will not perform well but I would at least be making some good 5x to 10x profit on my other 3 or 2 tokens, but its not that the first tokens will lose me money, no they will also be making me profit but lesser than I anticipated. The thing is, we should diversify our investment at all costs.

It's not an easy task to remain up to date about the news because I have joined tens of groups that cover relevant news, but due to my second life I am unable to catch on to every news.

I dont know if Im gonna messe it up once more as I experience 2 bull run already. Well definitely will make sure this will be a good run for me if ever and not engage on too much but definitive assesment. One thing is dont be greedy considered the targets on this bull run and you can see that by monitoring constantly the price of each market or what trend are we. Anyways will see which field is gonna bloom either gamefi, lsdi, AI or, rwa. Many criterias will make it as long we can see which one will thrive.

I think we have to go down to the meaning of diversification, the reason why someone is diversifying is only to avoid losing on the single project or coin, if that’s the case I wouldn’t call investing into other Alticoins after accumulating bitcoin as a diversification of portfolio because bitcoin which is the bedrock of cryptocurrency once it falls every other coin will fall also, so that’s defeats the purpose of diversification. The only reason people go into other Alticoins is to maximize profit since all this low cap Altcoins usually increases in price more than bitcoin does, and This isn’t diversification but form of risking or gambling your funds.

The only time you will choose to diversify when you have only Alticoins then you go into many of them to avoid one dumping and losing all your funds in it but as for bitcoin, if any negative effects affects it then all other coins also suffers too

Great advice mate but in addition I would say everyone should not get over themselves because of the bull run, this isn't the first bull run and definitely this won't be the last bull run, you should be very careful in your perception of the bull run.
The bull run is always a period where people make the biggest mistake, first hype fake coin would trend and many people would be trapped in it, FUD and FOMO would be spread and this may lead to many panic moves that may fail.
Understand what you want from the bull run, look beyond the bull run, as for me I would stick with Bitcoin bull run or bear market it's my safety option.

True, we see this every now and then wherein Altcoins will be on rally and people tend to be more greedy that they forget to apply stop loses or just thinks that it won't collapse in a moment but it does happens and I remember making similar mistake with a token named CHZ which pumped multi fold and I got greedy and didn't withdraw or convert it BTC or USDT and though I had stop loss applied by the time it can kick in the coin fell by leaps and bounces and left me with around half the amount of capital which I had started.

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.

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.

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.

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.

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.

• Conduct DYOR

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.

• A Guide for Cryptocurrency Newbies for Overcoming FOMO

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.