Crypto Principles To Never Forget:
- crypto isn’t a ‘get rich quick’, but if you can zoom out and play the macro game, you will outperform your expectations
- don’t invest more than you can afford to lose
- when making any decision, always have the mindset, “this could all go to zero”
- expect nothing
- anticipate everything
- when crypto dips, it will likely dip lower than you think it will
- when crypto pumps, it will likely pump higher than you think it will
- have an exit strategy well before any pump happens. Stick to the plan and don’t get trapped in euphoria
- don’t make a financial decision based on anything you see from someone online. Collect the data everywhere and then make a decision between you and yourself
- no one knows what will happen next, but if you study the right data, there will be hints. So take your own time and study the data
- always have taxes on your mind and plan for them in your profit-taking plan. Not doing so can have disastrous impact
- when altcoin pumps are rotating, don’t chase coins that are moving when your coin is not moving. Likely, you’ll end up buying the top, and then your coin will pump
- when negativity gets very high, it’s time to be on high alert
- when positivity gets too euphoric, it’s time to be on high alert
