Topic: Some traps to avoid in bullrun. (Read 617 times)

During a bull run, buying Bitcoin or altcoins is of course very risky, and if you are interested in buying crypto, it would be better to use the money you are prepared to lose.

Yes, we should not put our coins on exchanges because it is potentially dangerous. Yes, if we buy BTC now, I don't think there's anything wrong with it because soon there will definitely be a BTC halving, but in my opinion, if for example we buy altcoins there's certainly no problem as long as we're ready to face the risks. However, it is best to buy BTC because BTC is currently the safest cryptocurrency.

However, buying crypto during a bull run is of course very high risk, so in my opinion, even if you buy, you must be able to analyze it technically and fundamentally, so that we know when a bear market will arrive.

At the time around in this bullish momentum you just got to think smart because due to alot of hype concerning prices prediction due to upcoming halving most people have been investing in different cryptocurrencies without any proper research because of FOMO. And I believe most people have already invested  their funds in some bad projects with high risks already Always do good research first.

While in the scamming part most platform as found the way to lure most investors with higher percentage in staking. And most people don't know that any scamming site are the one with always the bigger percentage. They will only for a short period of time after that they will crash and run away with your funds or cryptocurrencies you stake. Most times the only lucky ones are those that started it on time and was quick enough to remove their funds with some profit.

So before staking your funds any platform research about it first to see if they worth trusting.

Another opportunity is already approaching for you to make smart moves this time everyone expected it to go higher you were even lucky to sell some at least you made some profit and that is the most important thing because imagine buying and holding during the bull run you still did not sell just imagine how you will be you will be emotionally down. don't worry halving is already here this time you won't miss this opportunity. because there is an expectation about the ATH and there is always a difference in all ATHs so expect more, that is another good piece of advice is better to sell and make back your capital and profit at the same time. and sharing this will help a lot of holders so we learn from one another that is the point of this forum to learn. and at least people who have extra plans to not sell and wait for the price to go beyond will learn.

Currently, the price of the coins is pumping due to demand because people already see that they think they are already late with the upcoming bull run but it's not the bull run that we've waiting for it is just a taste of it, investors make a huge move with this so they can make a possible drop of the price if they want to, grab the chance when people feared with the situation and sell when the people gets fomo, there's nothing wrong storing your asset in exchange if you are an active trader but make sure you have the plan what you will do with your coins again not your keys, not your coins.

My personal mistake that I made during the previous two bull runs was not selling enough coins. When the price was at ATH, I was thinking that there's still a lot of fuel in the tank and the price will peak much higher. And when the ATH crashed, I though it's just a correction until the price fell so low that I decided to just HODL and wait for the next bull run.

If this bull run will play out as the previous ones, it's better to start selling some time after the price surpasses the previous ATH, and then buy back deep into the bear market.

This is sage counsel. You made a genuine effort to identify some of the issues we have here, particularly
we biginners  when it comes to investing. It is not a good idea for us to start invest with the money that we cannot afford to lose. We major investors here frequently run into this kind of problem because some of us aren't inclined to learn about cryptocurrency investing, to know whether it will be profitable for them or not. They want take their time and consider the risk involved, which will ultimately result in them losing money and not gaining any.

Furthermore, if we have knowledge about anything we wish to introduce ourselves to, It will more be preferable than diving in headfirst without any prior knowledge, it is beneficial for us to exercise caution when it comes to investing to avoid getting lost.

I want to add based on my experience, avoid Telegram or Twitter groups with big followers about pump and dump, your money will just disappear because it's a scam, they will buy first, then say "pump" at the specified hour, when you buying, they sell coins or tokens that they have previously purchased before the pump and dump event. Lastly, stay away from shitcoins that say the next Shiba, Doge, and other meme coins. If you don't want your money to be lost, stay away from coins and tokens like that.

A good reminder about not keeping the coins on exchanges. Why?

It's because that whenever you want to take profit and you're about to sell, it's possible that they won't allow it. There can be some error message that will pop on your screen and will reason out that there's an error due to the traffic that they're getting.

Also, when you're about to withdraw your profits from them.

They can disable it for real because they want to lessen the money getting out of their exchange so remember that.

Most of the time, it's the beginners that fall for the FOMO (Fear of Missing Out), they feel they have to invest now because they might be too late and the price will only just go up at that time but then they end up buying during the time that the price of bitcoin or the crypto that they are buying is at the peak or they've invested at the time of the decline. The problem with the random altcoins is that they have a really good PR that try and sell it to newbies as the next bitcoin and so these newbies not knowing any better try their luck because it's much cheaper and they get a lot of altcoins for a their money comparing that to buying bitcoin, it's unlikely that they can even buy 1 bitcoin not to mention that a lot of shitcoinfluencer are shilling a lot of altcoins because they want more to get in because they've invested early on that shitcoin and they hope that there's a lot of suckers that will get in so they can get out in a profit.

I think FOMO is usually seen amongst late entries, because an investor who is used to the Bitcoin and cryptocurrency ecosystem will not fall for fomo. Newbies who haven't been following the trend and dynamics of Bitcoin and cryptocurrency will want to see how they can quickly get their own share from the market and end up been caught up with FOMO but then it's very crucial that even amongst experienced investors, they should be selective about what they get from the media if they must maintain a healthy investment attitude.

Picking or investing in random altcoins due to speculations could definitely cause more harm than good to the investors, although some times it turns out in their favour and makes them look like their speculations were right but always DYOR as it's the best way to go.

Historical celebration indeed. Everyone is eagerly anticipating the next halving; both those who have experienced it firsthand and those who have only heard stories of its benefits are waiting for it to occur. Every bitcoin expert who has previously witnessed a bitcoin halving has been regaling novices with tales of how the market moves unexpectedly and how everyone benefits from it. Since there is always a new ATH when the halving occurs, it can be considered a historic occasion deserving of celebration.

People rejoice in this historic occasion, but there are also those who break down because the excitement and joy of the bull run have carried them away, causing them to lose their concentration.  The bull run comes with many distractions, but we cannot afford to let our guard down because there are numerous scammers in the cryptocurrency space who are always looking for people to make the smallest mistake so they can con them. For this reason, we should always put the security of our assets above anything else, no matter what.

It's likely that everyone considering investing in bitcoin or any other cryptocurrency has heard of this statement. I don't see any reason why people should be dependent on cryptocurrencies that they would invest their entire fortune in them, given their lack of guarantees and the volatility of their price. It is important to remember that the price of bitcoin can fluctuate in any direction and could work against or in your favour. That’s the more reason why every cryptocurrency investor is advised to train their minds to accept whatever the outcome may be and understand that bitcoin has a 50/50 chance of success so therefore the best course of action when investing in cryptocurrencies is to invest an amount you can afford to lose without feeling guilty.  To the departed souls, RIP

You will be much less stressed and concerned about the direction of the bitcoin price if you adopt the attitude that anything can happen and always be ready for the worst. Even during bull markets, prices can fall and then rise again, so it is up to us to be proactive and determine when it is best to take a profit because nothing is guaranteed. Although there has been a lot of speculation lately and people are just projecting their own opinions about how far the price of bitcoin will rise, one thing is certain: bitcoin has the potential to rise as high as possible.

This is terrible when you consider random altcoins for your crypto investment. Instead of seeing your profits grow after bull run, you might end up wasting all your capital seeing those altcoins dropping their prices suddenly and are not even sure if they can still recover or not. That's what we get if we ride the FOMO and just jump into altcoins because they're cheap and promising, instead of focusing into bitcoin despite of its high, expensive price.

However, only those newbies who are still inexperienced of the market only do that. The reason why these newbies are susceptible to losses because aside that they enter the market wrongly, they chose to invest in wrong coins also that made them lose their capital in such a short period of time.

Such strategies are doomed to failure. Since if you are guided only by this principle, invest as much money as it is not a pity to lose and do not carefully choose the object of investment, while observing risk management, your money will be lost after the first dealing.

and the impact is always sharp because you buy at a high price and that's what happens on average. It really looks like an inducement to get more people to come in and buy. However, it's also a test of patience in my opinion, even though it seems ridiculous. especially if the same mistake keeps happening over and over again.

I have video of this guy that was crying frivolously after he used money meant for shop business to buy Shiba thinking he is going to make something before the end of the week because it was literally Shiba that was toping the chart, meanwhile the guy wasn't even the owner of the business, he is just a sales boy that keep records of sales and did silly investment and when it crash, he was begging for people to help him lend him money.

He was out of the job and was arrested later because nobody was ready to help him that time because the amount was too huge to lend someone who doesn't have a means to pay back. The family later bailed him out. What is the moral story of this? If you don't have money to invest, just watch and learn how things go when you don't have the means to buy. Don't take actions you may regret later.

We don't just hope but certainly be doing what is best. We could just listen and see the market sentiment and act accordingly that will give favor to us, we can't go against the trend but rather go along with it. If we need to hold, then we should. Buy at a low price and then sell at a high - it is certainly working so well.

We have to boost ourselves by trusting and believing in the bright future of the market. And we don't stop believing that bull season will come after the bear season, so must live patiently and remain focused on our goal rather than be disturbed by fake news.

Yes, I agree that the number one is the most significant thing to happen to people, and it would be best if people avoided it due to its extreme risk. Many people feel that investing large sums of money in bitcoin during a bull run is a wise decision. While everyone with coins hopes for a bull run, it is better to invest small amounts rather than taking a risk with money you can't afford to lose. Instead, start with funds you can't afford to lose because of the potential gains.

However, the third option is also the best because it will listen and comprehend. Scammers are all over social media, searching for people to con. You cannot try to hold a coin at this point because you will be inundated with messages and even emails that will confuse you and allow scammers to gain access to your personal information. Most importantly, when a bull run begins, scammers will want to take advantage of the opportunity to con someone, so it will be beneficial for everyone to watch out for themselves to avoid falling victim to scams.

Here's the deal, especially for newbies. During a bull run, it's easy to get caught up thinking everything only heads up, no downs. FOMO kicks in, and folks just buy, buy, buy, fueled by that "to the moon" vibe. But hey, reality check! In crypto, what goes up often takes a breather or even dips. When your favorite tokens hit that all-time high (ATH) party, don't forget the afterparty which is corrections or even all-time lows (ATL). So, when you see those profits smiling at you, be smart. Take some off the table, keep your eyes peeled, and ride the crypto rollercoaster with your wits about you.

The main objective of investing is to invest as much money as you can afford to lose. Because there is no guarantee that you may experience losses and profits while investing. That's why when you invest you can have no feeling about the money but you can invest in future success. When an investor invests, he joins the investment by giving up his illusion of that money and holds it, just like investing, money cannot be illusioned. It is normal that your money can be lost by investing so you have to work with patience. Investment is a main objective of profit that's why long term investment is best and better because short term investment will never give you profit. So invest the amount of money you can afford to lose and hold for long term it will be the best investment for you.

The price of Bitcoin is going up a lot in the market. The market is headed for a bull market ahead of Bitcoin's halving next year. At this point other coins start pumping. Newbies in particular are reluctant to invest in Bitcoin as they see the price of altcoins rise as the market sees Bitcoin rise. They think that buying alt coins at a low price will make a lot of profit at one time but they don't understand that these alt coins appear to be a scam. Lures usually provide investors with confidence and to see performance in their interest. But it doesn't do the lures whose core destroys the guarantee of unchanged profits. Coins will pump or dump at their own pace so that doesn't mean we have to make the wrong decision.

At the moment Bitcoin is at a price where any newbies should be careful about taking a position in the market unless you have a large amount of money that you can afford to hold down for long before anything, the reason being that, even though Bitcoin halving is some months away, is still not sure of when the next bull market will come and when Bitcoin will record another all-time high price, so for that, is very important and less risky to have it in mind that, they may be a lot of waiting time even if you buy at this current price, so we have to be sceptical in our buy approach with Bitcoin at this stage since a lot of things are in play that can affect Bitcoin to act in any direction before the halving cycle occurs

For the most successful businessman, this single sentence is amazing, which is the reason for all the questions and problems. This is a small sentence, but it contains the strategy and tactics of thousands of books. In the crypto industry, this is the phrase: invest as much as you can afford. As the OP said, that's in the previous bull run, people committed suicide when they lost their funds. If they had followed this sentence, they would not have committed suicide without hope for their lives.


Not being prepared for worse situations or having the courage to lose in them is the work of a weak person. If I lose, I will not invest in crypto any more. Instead, I should learn from these mistakes and adopt a new strategy. I will use a different strategy to recover this loss as well as earn a profit. This is not a game of life and death. The Crypto industry demands smart work so that when all people are focused on profit in one place, you earn your profit in the opposite place, meaning market sentiment.

The second thing is important to understand because if you are having investment purposes then keeping your coins on centralized exchanges is not a good idea because they are having full access to your funds and we have seen in so many cases how data leaks and hacks have resulted in people’s loss.You should be aware about self custody and there are more steps to be taken for your funds safety but atlest avoid these CEX.Some have faith they are safe and it didn’t happen to them so don’t wait for that time.

In addition, we should not let greed affect our decisions.  It is a personal set trap that oftentimes make us lose our possible profit.  During the bull run, the price of Bitcoin is continuously surging, so we need to set a selling price if we want to cash out on that bull run.

In setting a selling price one must be realistic.  There are lots of people who set unrealistic prices due to greed and end up missing out on the possible highest profit.

Aside from that, we must be updated on the current development and trends of the market.  Bitcoin is so volatile that changes in the direction of price can happen anytime.

Has been said countless times and yet, many people still forget this very simple reminder.
I guess it is owed to the fact that people want to earn quick profits at a very short period of time.
Well, that's the goal of many newcomers in this market, thinking that they can easily get a hold of riches.
The pointers are quite simple but many will still fail to keep track on those tips. This is what greed can do to us.

You know, the best entry in the market comes when the market is bearish and not when having bull run. Because if you decide to invest during bull run, you might get tired waiting for your coins to pump more for you to gain decent profits. Always remember that no matter how a coin looks bullish, it will never guarantee that its price will keep the momentum to keep on rising. Time comes that it will experience a drastic fall, and by that time when you decide to sell, you are already losing. Most especially if you fall on those too good to be true altcoins, there's no more reason that you'll keep on hodling on them anymore once you see their prices falling deeply.

So if you can't manage the risk when entering a bullish market, then don't decide to enter. Wait for the market to turns bearish and that's when you can make a maximum purchase of bitcoin at its very affordable price.

Very insightful post, especially the one "Invest in what you can afford to lose", this is the factor most of us forgets or ignore due to greed , I have also made this mistake in the past and also once we see market going upwards we don't care about stop loss and neither take profit because of FOMO on possible massive pump but it's usually ends in loss.

Some will say Bitcoin investment will be less risky but during bullrun that's not the case because previous it took almost 4 years to meet the breakeven for those who invested in December 2017. Bullrun can either be blessing or curse depending upon how we plan of investment and trade.

True, I learnt this the hard way, to make things easy, sell when we are in a bull market, most coins pump withing a week and that's the highest they will ever go, do not be greedy when you are already in profit, if you can turn a $100 into thousand of dollars you are already in a big profit and you should start taking profit, not all your coins will do x1000 if you wait for such you will possibly ride down into the next bear market again.

Some things are just mathematics, if you invest 1000 in a project and that amount turned into 10k or 20k you should start taking profit, my own strategy is taking my initial investment out first, that's the most important thing you can do, everything else will be free ride with free money.

Do some calculations, have a talking profit strategy on standby, you can sell 20% of your portfolio when it reach a certain amount, and sell the next 30% at another bit higher price and so on, until you sell it all, a profit secured is the real profit you've made, if you don't take profits you don't make any.

For me, this point means that if you are not ready, don't enter the market. and when you're ready, just go straight in. Not only do you need patience when trading, but you also have to understand the techniques and patterns because if you take the wrong trading steps then you will experience losses that will make you dizzy but not suicidal.

Do not forget about being greedy. Many times have everyone avoided to take profits for being greedy as we have thought of more price increase. That is the main reason why someone misses the entire bull run and that is for being greedy. Do not commit the same mistake because you will not know how it is going to be after the bull run and how long it is going to stay. But for now, what we can be sure of is we are not yet there and we will see that after the halving. But the first timers have to remember all of these tips if you do not want to experience the mistakes we did in the past. It is all for your convenience and shortcut when there are tips provided like these.

indeed we have to be careful when investing in crypto and don't let us become victims of the bull run, because there are a lot of people who lose due to the bull run but there are also many who profit and in this case only people who buy in a bear market make a profit because of the price very cheap.

but it is true that only money that is ready to be lost is worth investing in because if you use money that is not ready to be lost it could potentially result in losses and lead to frustration, but for people who invest in BTC of course the risk is not as big as in altcoins because if you invest in BTC it is as long as we have a strong hold on it. in the long term, there is potential profit that we can get and usually btc always forms a new ath, but altcoins are different from bitcoin because most altcoins always do not return to their highest prices, in fact many altcoins have their prices destroyed.

I know that what the OP has shared helped us especially those newbies out there, but I will just add one more to the list.
Don't let your emotions fool you.

I know, I know the feeling when we see the price of the Bitcoin, and other altcoins that we are holding going up. There are some who are very excited to see them rise, to the point that they will just sell just because they're excited to take those profits. I mean I'm not against it, but there are some investors who are selling, and then when they see the price of whatever coin they see goes up, they will buy it immediately hoping that they will get a huge profit on it again. It's like selling now, then re-buy it again hoping that it will go up even more. Yes, there's a chance that it might go up still, but most of the time it doesn't.

Adding emotions to your decisions aside from the fact that you don't have any strategy at all is a recipe for disaster. You might gain more profit selling, but greed takes you, and in the end, you still lose your money. Be emotionless, and always stick to your plans.

Yea well, that's what I plan to do this time.


I have got hardware wallet, I hold my stuff there, I don't hold on exchanges.


That works with BTC and may be few more prominents cryptos such as Ether, I would not recommends forever holding alts.

Punch line from Lil Wayne
There is nothing great that beat this phrase and yet many people don't prepare for this in the bull run. People will plan but the market has a way of everyone and it will not favour everyone and that is exactly the mistake many of us do. Just because the market always pump every 4 years cycle doesn't mean it will repeat itself and if you have plan to use the anticpated profits to do something about your life, kindly cancel it because you might even be surprised that coins will not pump as we expected.

Many hands were burn during last bull run and many of them regret even buying some coins, it will take some time before they gain back the trust they have in this market. Maybe if their bags pump back and they realize back some of the losses they have made in the last bull run. So sit tight and tighten your belt very well.

You don't step into the river with both legs when you don't have sight of the depth. Every investor should treat this as important in their search for a coin of interest to be invested in. When you invest above what you can afford to lose it is tantamount as gambling with your peace of mind and when in any case an investor gambles with his peace of mind suicidal thoughts become the next line of action when their investment collapse because they find it had to bear the loss.

No matter how promising, the amount we invest shouldn't be off of our budget. And a simple way to know when you are investing above what you can afford to lose is when you start having fears and feeling of discomfort with the amount of money you are throwing into a coin.

Another thing op didn't mention is about those set of  people that take loan to invest in a coin, be it bitcoin  or any altcoin I kick against the theory as it's 99% not worth risking it.

it is at this season we get to hear about variants tragedies about have a certain coin that was much talked about and hyped didn't produce result, and all other suck news. At this period what can keep you safe from falling victim of hypes is thorough self digging and research.

When you’ve invested in bitcoin, you don’t need to bother and think of what you can afford to lose. The phrase should be ‘what you can afford to hold’ amidst the volatile nature of the bitcoin market. When you’ve invested in bitcoin, it will only take time for your investment to earn profit, but most certainly it will at the long term. Investing in altcoin and most especially shitcoins is what makes one to think about ‘invest what you can afford to lose’ because not all will still be in the market after been hit by series of market volatility.


Scam are the easiest way to get into the greedy and most anxious people, whom are wanting to just get rich overnight. Scammers will be at alert now that the bull run is coming and knowing that many people are eager and anticipating to get the most profits out of it. They will just set trap, lure people with enticing offers to buy into their idea and scam them away. When it looks too good to be true, stay clear from it to avoid being scammed of your money.


Having proper control of your mindset and high expectations of anticipated profit is something that have led to many disappointments in the bitcoin market at the time of bull run. Many people wound have taken loans or make promises to people because of the profit they’ve anticipated to get from their investment, when it turns out not be so, they are left in another big trouble that when not managed well can lead to depression and eventually committing suicide. It is good not to have high expectations on your investment, just take the profit you’re able to get at the end of the day and don’t stay greedy else, you might lose them all again.

It's not just a matter of the invested amount, but also of the fact that a large percentage of people who invest in cryptocurrencies have no idea what they're actually doing, and any investment of this type is just an even bigger risk than what already exists in itself.
Unfortunately, such things will continue to happen, people are simply too naive and do not have the knowledge and discipline to be successful - and their loss is only someone's gain, which results in the fact that we have very few rich and very many poor people.


Maybe one day that speculation will become reality, but that $1 million will definitely have far less purchasing power than it is the case today. In addition, if people already want profit (and most want it as soon as possible), then they should focus more on some goals that can be achieved in the next few years.

Not only for the Bull Run, but these traps work in every season and everyone should follow these points. You should not invest any amount that you cannot afford to lose no matter what season it is. You never know when the market will turn 180 degrees and you may not be prepared when it happens.

No one should keep their coins in centralized exchanges no matter the time. I suggest everyone use the non-custodial wallet to store their coin and avoid centralized exchanges. Usually, centralized exchanges also disable some features during the bull run.

OP your points aren't only for bull run but also useful in this bear market, centralized exchange can put an hold on your crypto asset when they pump, this have happened to some people using Coinbase before, they know how to manipulate people, so getting your coins in a non custodial wallet put you in the control of your assets as it should be.

Scammers don't care if we are in a bear market or bull market, they want everything that they can get from the innocent people, and the most gullible way they do this is by gaining your trust through PMs, if you want to avoid scams know how to ignore or block PMs from strangers, they pretend to have solution that can help in anyway but people are stupid to believe them, if someone do have a solution why can't they use it for themselves?

It's because it's all lies, do not trust anyone online, the only reason someone you don't know will seek for your attention is to use you, they don't have your best will at heart, because remember, they are total strangers, do not click any links sent to you through mails or PMs, some will say they have something good that you can earn from, they will send you a malicious link, do not click on links, stay safe.

This is stating the obvious for those who knew all type of scam. The thing is most of the victim of scam activity are those who didn’t know that they are dealing with scam that’s why they are becoming a victim. No one will be scammed if they that it’s a scam so “don’t entertain any form of scam” is a tricky suggestion.

Learning all form of scam to become aware of it is the right way to avoid this kind of trap. Being knowledgeable on things that is dangerous will people to stay away on it or else they will learn the hard way.

This advice mostly been given in the forum always if not everyday, but newbies tends to keep ignoring the advice and do what they want.

I know that the green and sign of bull run will trigger some people to risk some money that is nit even theirs to invest in bitcoin and other coins thinking that it will give more profit since it is the bull run season; the risk always remain the same because we can never predict market direction that is why you should always invest the little you have and be patient.


These are powerful advices and a reminder for us all because scam will be rampant now that almost everybody is claiming to be a bitcoin or crypto investor.
If we avoid been greedy, we will be safe from most of the scams, and lastly, we should learn to e our own bank.

Is that really a trap? That the coins will keep going up…
I don’t have that impression but even if I could, what are the chances that you could have edged against that to save profit by withdrawals or swapping for a stable coin?
All of these come at some risk as firstly, stablecoins aren’t exactly trusted neither is having your coins (Bitcoin) in huge amounts on exchanges and to archive these, you need your coin on an exchange which is very much centralized.

It all counts towards the risk one has to endure with the hopes of maximizing profit but, with the unpredictable nature of the market and the risk associated with having to move coins here and there, it’s often not some area to dangle about. You could just hold and keep holding no matter the market condition.

Centralized Exchange is not a trust worthy place to put all your investment. CEX is just like selling a product in an open environment where by if any death attempt comes, you run and leave your goods outside. While DEX is like selling a goods in a luckup store when there is also a criminal attempt you lock your store and runaway with your key. Many exchihas crumbled do to mismanagement and hack or loan, not only mtGox and FTX even LUNA was also a failed project it is not good to put all your eggs in one basket to avoid total loss if Crypto crash occoures.

It is natural for many to hope that the price of Bitcoin will continue to rise, especially those who have witnessed and experienced it before. However, we should always remember that even in this industry, there are no guarantees, and no one knows what will happen next because it is only based on predictions and forecasting derived from historical data. I have been aware of the risks associated with using cryptocurrency for several years now. I can say to myself that I am informed about these matters based on my own search for answers, personal experiences, and the experiences of others. We can only say that we have learned when the mistakes are not repeated.

First of all thanks OP for bringing such a useful advice for newbie in this bull market. Actually many people misguided by Youtubers and Twitter influencers. They generally told the success stories and doesn't tell about risk crypto posses. People thinking that there is only profit in the investment and due to this reason some newbies take loan or sell their property for investing. The most worst scene is when newbies use these fund in Future or meme coins where chances of fund drops to zero is much high. Everyone should properly invest according to own money management and don't follow influencers blindly.


Staking in decentralized platform also is risky where you cannot withdraw instantly anytime. When Luna collapse, people staked luna and ustc in large number and when they tried to withdraw the token locked for 15 days so we should also be careful when we stake in dex or cex.

Most people will panic when they see an increase in the price of Bitcoin or some altcoins. They will try to enter the market and use very large funds without calculation and analysis. They want to be on time in taking their share of the profits but unfortunately, they don't know that the pump isn't there forever. This makes them have to bear a lot of losses.

Not storing coins on any exchange is the best step to avoid bad things. It's better if you keep the coins in a separate wallet. Fortunately, many wallets can store Bitcoin and altcoins at the same time. They can keep it in that wallet while waiting for the price to rise. Remember, not your keys, not your coins.

Don't put too much faith in investment programs that offer high returns. Along with the halving time, there will be many such programs so we have to be careful. And yes, the last one is true. We must prepare ourselves for all possibilities. We cannot expect all the coins we own to get a pump. Only good coins can get pumps and everything else is just pump plays from groups we don't know about.

This is just pure speculation since those people think that scenario might happen since they always though that the supply of bitcoin is limited that's why if demand will came then they could provably see the value of bitcoin rise up to $1m dollars. But they don't know on when this price to be reach since as stated they are just guessing that it will happen that's why we shouldn't believe on the words they say since we might not see a good position if everything fall for hoping that price to come. That's why we need to avoid being greedy and just think about more realistic or to the nearest price it would possibly reach so we would not fall on wrong settings that bitcoin will not fall and it continue to go up since if dump happen maybe we will get in panic then do dumb decision between the volume we hold.

This is a cliche in the crypto world but when we look at it critically it is just something that everyone says so that they will not be taken to the court of public opinion and tried for giving out financial advice. In reality, not everyone abides by this. We all follow our discretion, intuition and instinct when investing in bitcoin and we do this based on the level of research and knowledge which we already have or know about it. An individual with intermediate knowledge of bitcoin will most like sell off one of his cars and invest all of it in bitcoin while an individual with expert knowledge of bitcoin will mostly likely sell off his stocks and invest all of it in bitcoin. These people are bitcoin maximalist. They have ascended past the realm of investing what you can afford to lose because they believe that with bitcoin there is nothing that can be lost.

Point 4 is worth paying attention to, meaning that everyone is free to enter the market and some of those who have entered the market are likely already experts, but make no mistake, not all investors are experienced in the ins and outs. exited the cryptocurrency market and didn't really understand how to do it. how to increase the potential for wealth accumulation.

Nobody invests what he can afford to lose because I don't think anybody wants to lose even a dollar. I think we should invest what we can afford to live without or bear if the investment turns unfavourable. People who harm themselves because of loss of funds might have used loans or credit to invest.
Experience has shown that these centralised exchanges cannot be trusted. Coins should be kept in an open-sourced decentralized wallet. You don't need to be a victim to learn from other people's experiences.
100% profit is too much for you to consider a crypto project to be a scam. Any project that offers even if it is as low as ten per cent profit within a short period should be suspected. I am also careful when dealing with over-hyped projects that offer profit that is too good to be real.
This advice should be applied to all forms of investment, don't have to expect too much from them. Nothing is certain in life so we are projecting to make a profit it is also important to expect the worst.

Even if it's called a wallet as a marketing ploy to make it more attractive to users, it should still be avoided. Coinbase wallet is one which readily comes to mind, it's meant to be self custodian with no third party interference, but it's still pretty much as centralized as the exchange wallet is.

Thinking that coin will keep going up is the biggest bull run traps I have seen so far, despite being aware of it I keep holding lol. This time I have done preparation to sell. I MUST!

Ofcourse everyone knows that. Even the mightiest guy or popular one could say its going to $10million each but doesnt mean really happening. These guys are also invested and probably doing a shill to their bags cause speculation is a big plus to many people and the one earlier entered will always have the upper hand of selling it. Dont be greedy if those have ptediction like that they are likely waiting then will sell even it not yet $1m.

Prices do not rise only because of the reduction in the block reward, but also because of the increase in demand and decrease in supply, which leads to an increase in the price of Bitcoin, which in turn causes an increase in the prices of some altcoins.  believing that investing in altcoins will be good is like searching for a needle in a haystack.
In investing, you must not think emotionally, foolishly, or greedily. Build your economic budgets to withdraw profits first and foremost, and make $200,000 the peak at which your balance is supposed to be zero if the price reaches it.

That's right, the Bitcoin Halving and Bull Run market will soon be upon us all as cryptocurrency users. Therefore, many crypto users are preparing bitcoin assets and other crypto assets to sell in the bull run market. Apart from that, what the OP said is very relevant to what always happens when a bull market comes. Because when a bullish market comes, what is important is not just the potential profit that you can get. However, there is also the potential for big losses that could come your way. Because it has become a cycle, where there are those who profit, there are also those who experience losses. Therefore, the suggestions given by the OP are very good and relevant to implement. And if I summarize, the main points conveyed by the OP are Knowledge, experience, mentality and also emotional control. All of this must be implemented optimally by all of us as crypto users in order to avoid losses.

Why hasn't no one mentioned leverage? Lol. Definitely don't use leverage — but if you think you should, at least place it below 5x leverage so you wouldn't get wiped out by those volatility scam wicks. Even I, a person who was been here for 7 years, gets fucked up by scam wicks from time to time.

We have often heard some of the points you listed, so there isn't any special to avoid the traps. Maybe some legendary here was bored and too tired to give advice to the beginner because is rare to be heard by newbie, they bypass it, and go in one ear and out the other. So just let be, let that lose be their experience, because when someone got the lesson by experience, he will get real knowledge and would not do the same again like past. I know that because I've experience it on last halving, I am lose, and I won't get it again this time. By that lose i just think how to avoid it to myself and analyzing new strategies how to to get profit and avoid the traps.

Bitcoin is experiencing a positive and since its showing a green color in the chart that is how other cryptocurrencies is experiencing positive, so after halving theirs always be an increment in bitcoin, so therefore I believe that bitcoin always increases whenever we experienced halving,already their is on going predictions that bitcoin will experienced difference in the year of 2024 and 2025 in the market, so therefore I believe that bitcoin bullrun is something investors expected to manifest in 2025

This is very important, if a coin should rug pull and in the process you lose all your investment since you initially invested what you could afford to lose you won’t feel it that much compared to when you just go all in into a project without having to think it through first.


It is called an “exchange” and not a “wallet” for a reason. Exchanges should be treated as exchanges and not as a storage place for your coin, as soon as you’re done with your activities on your exchange make sure you withdraw your coin to your wallet if you know you won’t be using it for a while (although the current network congestion might make some don’t want to move it to their non-custodial wallet, but if you have other coins with lower fees make sure you keep them safe in your wallet.).


If you’re new to the crypto space and you find a project that’s offering anything that sounds too good to be true, just stay away from them because there’s a 99.9% chance that they are scammer and only want your money. Don’t foolishly try out anything that isn’t good logically just for the sake of FOMO.

I think one of the common mistakes people make during a bull run is that they make investments just because they are afraid of missing out. In these times, the media is super hyped about Bitcoin, crypto “experts” and analyst come up with some price prediction to trigger more people into buying. It’s becomes even worse when newbies buy random altcoins in hopes of making x10 their investment.

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.

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.