1.Invest in what you can afford to lose: I have read this line many times inside this forum and outside this forum that are crypto related discussion and what they tell you about crypto investment is to invest with the amount you can afford to lose to avoid had I know and regrets that later.
It is good not to keep coins on exchanges becuase the user do not have the complete control over his coins. It is also good to avoid scam and also hope for the best and prepare for the worst. But if you are a bitcoin holder, buy now at $36900 is still a good price. I do not think someone should just buy an amount that he can afford to lose but should be seen as an investment, I mean to invest in bitcoin and buy more at good time. If it is other coins, then you can consider it as gambling, trading or something far more risky and use the amount of money that you can afford to lose. 
Topic: Some traps to avoid in bullrun. - page 4. (Read 617 times)
The market is gaining momentum and as usual, the interest of the public about bitcoin halving is on the rise, like we can see it already from the green candles of many coins and through the trend in Google search as how people are asking questions about bitcoin halving.
Normally, the crypto market use to pump after every halving which use to increased price of bitcoin because the miners block reward use to half. Then, after that other coins in th market start shooting different candles as everyone get excited for this historical celebration.
While this call celebration of bull run, there are many ways people lose money and these mistakes are common which can be avoided but the excitement take away everyone attention to focus much on the new trend of crypto price discovery. I was having a group discussion and learn some things I want to share some of these traps and how to avoid when bull run comes.
Come with Me;
1.Invest in what you can afford to lose: I have read this line many times inside this forum and outside this forum that are crypto related discussion and what they tell you about crypto investment is to invest with the amount you can afford to lose to avoid had I know and regrets that later.
In the last bull run, some people commit suicide when they loss their funds and when some of them where victim of scams. It's advisable to invest in the amount you know it will not hurt you if anything should happen in the end, always consider this before you take that money to any coin.
2.Don't keep your coin on any centralized platforms: Whatever coin you is your favorite, buy them in any quantity that to want but a centralized platform is not the best place to do this. Even staking, don't stake your coins on any centralized platforms, let it be in a decentralized platforms to reduce the risk of the companies folding up. Many of this happened in the last bull run, FTX was on one of the biggest centralized exchanges that crypto history will never forget. MtGox happened on the 24th of February 2014 and after some years, FTX repeated the same pattern. Who knows the one next but you can avoid them by not keeping your coins on the exchange, remember not your keys not your coins.
3.Don't entertain any form of scam: Scam increases when bull run is around but how to you avoid them is simple, just reduce your greed and don't buy into unreleastic ideas. When you see staking reward of 100%, kindly run away, when you doubling schemes, avoid them and don't invest in shitty ideas because you are so passionate to make money, they will make you hate crypto and ignore the good side of it.
4.Be prepared for the worst and hope for the best: Be prepared for anything that comes later, the coin you are having in mind to pump may do that and might not do that. If you are lucky and have profit, enjoy the profits and if you don't make anything, he happy that you were part of the bull cycle, there is nothing guarantee in crypto because you don't know tomorrow. People that are saying bitcoin will go to $1M are all speculators and are just hoping it happens, nothing is guaranteed here, just be prepared and hope for the best.
Normally, the crypto market use to pump after every halving which use to increased price of bitcoin because the miners block reward use to half. Then, after that other coins in th market start shooting different candles as everyone get excited for this historical celebration.
While this call celebration of bull run, there are many ways people lose money and these mistakes are common which can be avoided but the excitement take away everyone attention to focus much on the new trend of crypto price discovery. I was having a group discussion and learn some things I want to share some of these traps and how to avoid when bull run comes.
Come with Me;
1.Invest in what you can afford to lose: I have read this line many times inside this forum and outside this forum that are crypto related discussion and what they tell you about crypto investment is to invest with the amount you can afford to lose to avoid had I know and regrets that later.
In the last bull run, some people commit suicide when they loss their funds and when some of them where victim of scams. It's advisable to invest in the amount you know it will not hurt you if anything should happen in the end, always consider this before you take that money to any coin.
2.Don't keep your coin on any centralized platforms: Whatever coin you is your favorite, buy them in any quantity that to want but a centralized platform is not the best place to do this. Even staking, don't stake your coins on any centralized platforms, let it be in a decentralized platforms to reduce the risk of the companies folding up. Many of this happened in the last bull run, FTX was on one of the biggest centralized exchanges that crypto history will never forget. MtGox happened on the 24th of February 2014 and after some years, FTX repeated the same pattern. Who knows the one next but you can avoid them by not keeping your coins on the exchange, remember not your keys not your coins.
3.Don't entertain any form of scam: Scam increases when bull run is around but how to you avoid them is simple, just reduce your greed and don't buy into unreleastic ideas. When you see staking reward of 100%, kindly run away, when you doubling schemes, avoid them and don't invest in shitty ideas because you are so passionate to make money, they will make you hate crypto and ignore the good side of it.
4.Be prepared for the worst and hope for the best: Be prepared for anything that comes later, the coin you are having in mind to pump may do that and might not do that. If you are lucky and have profit, enjoy the profits and if you don't make anything, he happy that you were part of the bull cycle, there is nothing guarantee in crypto because you don't know tomorrow. People that are saying bitcoin will go to $1M are all speculators and are just hoping it happens, nothing is guaranteed here, just be prepared and hope for the best.
Jump to: