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A few things I wish I knew before experiencing my first bullrun, for someone who may be about to experience their first bullrun.

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by COINS NEWS 122 Views

With rumours & talk about a bullrun coming up in the next few months I wanted to give a list of what to watch out for & even mistakes I made during & near the end of the last BullRun as a fairly new Crypto enthusiast a few years ago so that hopefully someone new to the space can avoid some of the mistakes I made.

  1. Your favorite crypto influencer doesnt care about you or your well being. Too many times I've seen influencers flex their wealth & (rented) cars so that it seems like they know what they're talking about when the reality is they got lucky & now make a living off of pushing a false narrative & a bullshit course so that hopefully you can one day make it like them. Most of the time its all a facade. Do your own research.
  2. Dont invest more than you can afford to lose. seriously. If you can't throw the $500 you're about to invest in Elonmooncock coin into the wind & not have it effect your life in anyway, then sure go for it. Otherwise, tread carefully.
  3. Memecoin moonshots are the exact same thing as gambling & if you're only hearing about it because overnight it went parabolic and gained 1,200% in 12 hours, you're too late. Everyone is already dumping their bags, you will lose your money.
  4. Dont get desperate. I lost 60-70% of my profits during the last major crash & then I got desperate trying to throw what I had left at shitty NFT's & other shitty projects. Even tried my hand at trading... what once was a 6 figure bag turned into literally nothing. I diamond handed my self to smithereens.
  5. Set a goal & STICK TO IT. Is your plan to make 10k & exit? or is your plan to hold for 10-20 years? doesnt matter, whatever it is. stick to it.
  6. Lastly, don't tell family or friends about crypto. We play in an extremely volitile market, we know that there are major ups and even more major downs. But that dude from highschool, your sister, your partner or your cousin dont know that & trust me when i say that the very minute their account shows red, they will be blowing up your phone. You are not an expert & no matter how much research you've done you cant predict what is going to happen next in this game. Save yourself the time & energy & lost relationships.
  7. Dont under any circumstances keep a large bag in an exchange. You dont own it until it is in a hardware wallet.

Those are my 7 major things that I think could help someone who is just coming into the space, if you find this lame, cool. I just hope this can help at least one person.

I could be missing some other major tips, lets chat!

(Edit: spelling)

submitted by /u/pmasthi
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