Such an underrated perspective 🔑💎. I got caught up and romanticised the last bull run. Doubled down and rotated profits back into the market.
Was a very painful lesson/mistake I learn but one I won’t make again under Rob’s guidance 🦾🖤🙏🏾
#BTC#XRP#ETH#Crypto
I see 2024 being hailed as the bull market.
Everyone will get rich year. Stuff like that.
The truth is it’s sell your bags year. Don’t think of it as the bull market. Think of it as profit taking. Pay yourself or leave with no money year.
I think #altcoins are close to bottoming here. Even if #Bitcoin goes up and then smashes down to the high to mid $50K's once more, I think alts right here are about as bad as it gets.
So good news for those who have held. The worst is over in my opinion and the next major leg up for alts will make you forget this pullback. That could take a month or so but who cares. Just have patience.
This is totally normal for a bull market BTW. You should have seen what alts did back in 2017-18 when Bitcoin corrected several times over 30%. Alts got decimated. But they absolutely skyrocketed afterwards. They recovered so much in fact that I rarely hear anyone talking about how bad they pulled back. All I hear about is how epic altseason was back then. This time will be no different.
Top Mistakes:
1. Being blinded by numbers seen on social media. Expecting large returns from small sums and believing everything they see online is real
2. Over-leveraging and over-risking due to FOMO and greed
3. Believing trading is an easy route to riches. It’s the hardest way to earn easy money.
Top Tips:
1. Take it slow, take it steady. Success will not come overnight, it could take several years to even see consistent profitability. Lower your expectations and understand what you’re up against. You’re up against forces far beyond your comprehension, you’re also up against an even bigger force.. yourself.
2. Understand human psychology. It’s the driving force of the markets. Most of the time the market is spent moving with the sole intention to deceive you. Every moment you see is purposeful, with the intention to lead you astray. Rising markets will make you think you’re a genius, falling markets will make you think you’re a failure. People underestimate psychology and think you need a ‘master strategy’ as a priority. Without psychology all of this is useless if you cannot adhere to strict rules and principles.
3. Patience is a skillset that will you pay you through every element of trading. It will help you adhere to a long-term plan, it will help you refine entries taken with leverage, it will help you refine entries with spot, it will help you hold positions, it will help you stay calm, it will help you endure periods of drawdown and setbacks.
The course is LIVE. See the market through my eyes. How I was able to predict $0.15 #XRP when it was trading at $3 and $500 BNB when it was trading at $5. Why XRP will hit $7-$13. How I predicted $60K BTC & how XLM delivered 7 trades with 80% profits each
https://t.co/fsh4A5cdlV
In crypto you NEED to find the CORRECT mentors. You know you have a great mentor when they…
✅ Are conservative / displays integrity
✅Meticulously plan for both unlikely horrible crashes and higher prices
✅Have an excellent and long track record
#BTC#ETH#Crypto
I see 2024 being hailed as the bull market.
Everyone will get rich year. Stuff like that.
The truth is it’s sell your bags year. Don’t think of it as the bull market. Think of it as profit taking. Pay yourself or leave with no money year.
My biggest hurdle was always pushing sell.
Buying is the easy part, feel nothing. Set n forget.
The psychology changes when numbers begin increasing, you begin applying the same rate of growth of the rising asset and multiplying numbers in your head of what can be.
Once this happens, you’ll never be satisfied and often get left with less than what you had in the moment of deciding not to sell anything.
Greed kills us, human nature to be this way.
But it can be fought.
Most fear selling because they have already calculated x amount of coins at x price.
You reduce the amount of coins and that dream number is no longer in reach.
This is why so many struggle to part with their coins. Much worse when you’ve held for years, at that point it’s near impossible to ever sell. You’ve cemented a marriage between you and the coin.
The constant pursuit for more will result in less.
Find a number that satisfies you enough to leave the rest running.
At the very least cover your initial cost of entry if you reach that threshold.
Setbacks and hurdles in life are nothing more than tests to see who’s willing to overcome them.
For most, this is a perfect opportunity to make excuses and fall back into complacency.
For the minority, it’s an opportunity to learn, grow, and persevere.
(2/2)
2) Would I be happy with my current exposure in the market to take profits if prices pushed up to reasonable levels (I.e just back to All Time Highs)?
Yes to both these questions puts you ahead of most crypto investors🧠⚡️
1)Do I have a good amount of cash to buy a March 2020 style crash, so being prepared to buy when there’s complete and utter panic / despair in the market?
(1/2)
#BTC#XRP#ETH#HBAR#BNB#CSPR#ALGO#DAG
You should not be afraid of drawdown when buying crypto at the right price areas
That is how they get you to not buy when it’s time to buy 🧠⚡️
#XRP#CSPR#Crypto#BTC#ALGO#ETH#DOT
Analysis paralysis - Being crippled to make decisions when flooded with an overwhelming amount of information and options
Many in crypto suffer from this in silence, retweet to bring awareness to this silent thief of joy. You are not alone🖤
#XRP $XRP #HBAR $HBAR #CSPR $CSPR
Analysis paralysis - Being crippled to make decisions when flooded with an overwhelming amount of information and options
Many in crypto suffer from this in silence, retweet to bring awareness to this silent thief of joy. You are not alone🖤
#XRP $XRP #HBAR $HBAR #CSPR $CSPR