What i learned from being in crypto for 7 years
Hello together,
i am in this crazy carousel since 2016.
My first bull in 2017 I went all the way up and at ATH i almost x60 my invest, but then held all the way down and even went to have less than invested.
That was the time when I thought I could make some rules to never forget how to actually financially profit.
I thought I could share, maybe you also find it useful 🙂
Rule nr. 1: TAKE PROFITS in a Bull – on the way up and on the way down.
Rule nr. 2: Be patient and see the big picture (5+ years) and invest monthly during crypto winter – now is the time to load
Rule nr. 3: especially in a bullrun Resist FOMO! You must not hop on every train and missing out is ok – next train will come for sure
Rule nr. 4: Be passionate! Get to know the coin you invest in very well – it will help you to stay faithful even when price is not performing as you wish, your time will come – also remember: Rule nr. 2
Rule nr. 5: Be safe! Make sure to really own most your crypto – cold wallet etc.
Rule nr. 6: Be responsible! Only invest what you can spare and inform yourself about tax rules in your country.
Rule nr. 7: Let your crypto work for you. Check if you can stake some of your crypto. It will make a big difference longterm.
Rule nr. 8: Be supportive. Help each other, be happy for the gains and don't hate on other valid projects.
submitted by /u/vhanke
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