5 Things I Wish I Knew Earlier Before Bullrun Ends

The crypto market has gone through 3 bullrun seasons. At the end of each season, a new generation of millionaires is born as Bitcoin increases by 50,162%, 9,000%, and 650% respectively after each Halving. The $5,000 invested in Bitcoin in 2017 has turned into $350,000 in 2024. And if you invested in Ethereum, the profit earned would be $1.17 million. Of course, the price of Bitcoin or Ethereum has undergone many adjustments, large fluctuations before reaching this level of growth. But if you really understand the market and plan your investments, you can very likely make a profit. This sounds simple, but in reality, not everyone can do it. Most people don't want sustainable wealth, slow wealth, but often want to "get rich quick". They try to take shortcuts, help their investment portfolio grow faster in many different ways: High leverage trading, going all-in on memecoins, constantly chasing the latest trends, buying coins that have grown strongly without a plan... As a result, the bullrun is over and not everyone walks out of the market with a smile. Many investors not only have no profit, but also lose a large part of their capital, even heavy losses. To help readers reduce risks and increase potential profits in the upcoming bullrun season, here are 5 lessons learned after 3 years of participating in the market. Absolutely Say NO to FOMO As I stepped into the market on a new day, I was overwhelmed by the huge profits of my colleagues, KOLS... thanks to a token, a certain memecoin. I thought this market was easy to make money in and immediately FOMO bought a lot of these tokens. As a result, I suffered heavy losses. After buying, the token price only increased slightly before plummeting.

Perhaps those investors bought this token a long time ago at a very low price, not at a high price like now. Or that profit is just a product of Photoshop. I did not carefully consider and made a mistake. To avoid similar occurrences, I always trade with a plan and implement the trading strategy set forth in advance rather than letting emotions dominate investment. Must Identify Mindset as Investment, Not Gambling The crypto market is one of the craziest financial markets, moving fast, with new products emerging every day. It is common for a hot trend today to become old news tomorrow. One of the fastest changing trends, products is memecoin. Stories like the investor pocketed 100,000 USD after dozens of attempts to 'ride' the memecoin wave have prompted me to spend thousands of USD buying newly emerging memecoins, continuously chasing after them as their prices reach new highs every day. Then, I feel sad again as my account is affected when these memecoins perform rug pull or are sold off. Stories like investors losing thousands of USD chasing after the latest meme coin, Squid Game causing investors to lose 2,800 USD in 5 minutes... appearing constantly in the news also made me realize how dangerous investing in memecoins can be. FOMO, or gambling, perhaps have equivalent meanings. Both are investing actions based on emotions and luck, completely devoid of research or specific strategies. I have invested in the hope of lucky purchasing a potential memecoin/token without conducting research or implementing appropriate risk management. This is extremely dangerous in a market full of scams like crypto. Not Trying to Optimize Accounts by Jumping Back and Forth In the crypto market, tokens in a narrative group tend to rise together, before tokens in another narrative group continue to rise... Seeing your friends' and colleagues' accounts constantly increasing, while your account remains stagnant, I have been constantly adjusting my investment portfolio to chase after these waves. Most of the time, I buy too late (at the peak, when everything is at its maximum) or panic sell too early (to incur losses, because I do not understand the potential of the project). In any case, it is clearly not good for my account. Besides, the tokens I bought earlier and sold earlier than planned to chase the latest narratives also saw strong growth. Unfortunately, at this time, I no longer own many of these tokens. In this crazy market, just a tweet line ( such as Elon Musk's tweet about DOGE coin, launching a new product...), a spread wallet address, or an announcement, hundreds of millions of USD are ready to pour into a type of crypto. It's very difficult to catch every wave. Therefore, sometimes doing nothing is the most appropriate action. Researching, planning investments, believing in oneself, patiently waiting is the key to success in the crypto market. However, if you still want to FOMO invest in memecoins, the latest narrative, make sure they do not overly influence your original investment plan. Leverage Is a Double-Edged Sword Leverage is the act of investing with a larger amount of capital than one's own. When used correctly, it can help investors make large profits quickly. Conversely, it can also lead investors to suffer serious losses. In the early days of joining the market, looking at leveraged trades with hundreds of thousands of USD in profit from a capital of just a few thousand USD, I thought I could also have that profit. I started using leverage x20, even x50, hoping to make a huge profit. As a result, the crypto market moves too fast, most of my trades are liquidated.

Not only themselves but also the most experienced investors lose a lot of money due to leverage. For example, an experienced investor in portfolio management and speculative investment earned 1.2 million USD but quickly lost half of it due to leverage in trading. A friend of mine bought millions of Solana (SOL) at a price of 1-2 USD. Then, you leveraged trade at a loss and continuously sold off SOL to continue funding these trades. As a result, SOL surged to 250 USD, while you lost most of your SOL tokens through leveraged trades at a loss. In general, in 3 years of participating in the crypto market, I have not seen anyone get rich from using leverage. Most people have made significant profits from early investment in good, potential projects. Looking at those who have gained huge profits from using leverage, margin and futures trading, I know that they have also had much larger losses, they just don't share these losses with everyone. Remember that, in the crypto market, becoming rich from leverage is not impossible, but it is extremely rare. Leverage is not for the majority, nor is it for those who lack knowledge or act on emotions. Do Not Overtrade Some of my new friends who have just joined my crypto market tend to trade excessively in a short period of time, hoping to get rich quickly by buying low and selling high, even trading in time frames of hours, minutes, or seconds. This is the most common mistake and also the fastest way to bring your account to #Write2Earn #. This trading action is mainly driven by emotions of fear, lack of investment planning, lack of knowledge, and poor capital management. Therefore, to avoid overtrading, please: Plan your investments clearly. Control emotions through meditation or deep breathing. Record transactions for review, learn from past decisions. Focus on quality trades, with good entry points, rather than quantity of trades. Limit the number of trades daily/weekly. Over 10 trades per day may be too high. Continuously improve your knowledge and skills through courses, friends, successful investors. Summary There is no one-size-fits-all investment method. Each individual will have different risk appetites, preferences, knowledge, and experiences. Therefore, to succeed in the crypto market, always keep learning more knowledge, experiences from others, do not let emotions dominate, and avoid leveraging in trading. DYOR! (Write&Earn $BTC {spot})BTCUSDT