Note to self after losing everything in 2018 bear market.

Note to self after losing everything in 2018 bear market.

[...]👉 Don't be greedy: This is an essential point to keep in mind in crypto world. I held my bag of $NEO from $11 to $200+ and then back to $7 in 2017-18. Greed can make you take hasty decisions, leading to significant losses. It's crucial to set realistic expectations and not get too attached to a particular coin.

👉 Don't FOMO into anything: The hype of $MOVR was unreal in 2020 that I bought near top around $400. Luckyly I minted a @TheDPSproject Pirate for MOVR and made a killing. MOVR is currently trading around $8. FOMO or the "Fear Of Missing Out" can make you jump into a trade without doing proper research. This can lead to impulsive decisions and ultimately significant losses.

👉 Don't listen to shills. DYOR: There are many self-proclaimed "experts" in the crypto space who promote coins, projects or lending platforms for their own gain. I know of a big influencer who constantly shilled Celsius while he himslef was cashing out. It is essential to do your research and not blindly follow anyone's advice. Most of them are here to make money and will use you as an exit liquidity.

👉 Don't get in without cash-out plan: This is an important point to consider before investing in any crypto project. It's crucial to have a cash-out plan in place, so you know when to sell and take profits. Setting a target or exit strategy will help you avoid greed and book your profits. You would't like carrying bags of NEO from 2017 to 2023 whould you? 🤪

I had a great 2021-2022 season by following these four simple rules. I hope you too will navigate the crypto space successfully and achieve your financial goals during 2024-25 bullrun. Please retweet if you liked the thread. 🙏