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How to NOT get REKT in the coming #BTC 
bull run 
Crypto is still a batshit crazy market for an average investor or trader.
if you are still chasing those 100x dreams you saw in 2017, you will get wiped out in reality AND in your dreams.
Game is different now.
THREAD
bull run Crypto is still a batshit crazy market for an average investor or trader.
if you are still chasing those 100x dreams you saw in 2017, you will get wiped out in reality AND in your dreams.
Game is different now.
THREAD
1. Don't FOMO (No exceptions..)
I know everyone says that but it's true for a reason.
The crazy moves are meant to catch you at the time where it feels like you lost it, don't give in.
You can try this but i feel you will agree
Let the price come to you NOT the other way.
I know everyone says that but it's true for a reason.
The crazy moves are meant to catch you at the time where it feels like you lost it, don't give in.
You can try this but i feel you will agree
Let the price come to you NOT the other way.
2. If you are not a trader, don't trade.
Everyone feels like a genius when it's going up, they are ready to jump when trade goes against.
In case of crypto, the volatility is on STEROIDS. If you don't have good risk management, you will be in a world of pain.
#Hodldonttrade
Everyone feels like a genius when it's going up, they are ready to jump when trade goes against.
In case of crypto, the volatility is on STEROIDS. If you don't have good risk management, you will be in a world of pain.
#Hodldonttrade
3. Don't leverage or MARGIN TRADE.
#Bitcoin is an asymmetric bet of a lifetime. You don't have to bet the farm on it.
Since the price can move 10-20% UP or DOWN in a day, you will be emotional wreck if you margin trade.
UP your health insurance in case..for real, don't.
#Bitcoin
is an asymmetric bet of a lifetime. You don't have to bet the farm on it. Since the price can move 10-20% UP or DOWN in a day, you will be emotional wreck if you margin trade.
UP your health insurance in case..for real, don't.
4. Keep the allocation small:
If you are in 20-30s, you have more room to go higher,
if you in late 40s or more, keep to smaller percentage so you don't jump from 20th floor if it goes against you.
You might see a 20x gain, BUT greed will take over and you will mistime it.
If you are in 20-30s, you have more room to go higher,
if you in late 40s or more, keep to smaller percentage so you don't jump from 20th floor if it goes against you.
You might see a 20x gain, BUT greed will take over and you will mistime it.
5. Dollar Cost Average.
This is the best way to keep the emotion out of investing.
DCA will beat an average trader over a long term by a long shot.
Check out @SwanBitcoin to start. Lowest fees across all platforms.
Start with $10 of FREE #BTC: http://swanbitcoin.com/Bitcrazy
This is the best way to keep the emotion out of investing.
DCA will beat an average trader over a long term by a long shot.
Check out @SwanBitcoin to start. Lowest fees across all platforms.
Start with $10 of FREE #BTC
: http://swanbitcoin.com/Bitcrazy
6. Don't TIME the market.
---> Don't try to be cute with this market.
It moves at much faster pace and is 24/7.
Stay in the market for long to understand the nature.
Check this link of how time in market with DCA'ing will win instead of chasing.
https://dcabtc.com/
---> Don't try to be cute with this market.
It moves at much faster pace and is 24/7.
Stay in the market for long to understand the nature.
Check this link of how time in market with DCA'ing will win instead of chasing.
https://dcabtc.com/
7. Educate yourself.
I recently published a master thread on the most important #Bitcoin podcasts that can set you up in the journey to be ready to invest. https://twitter.com/razyfired/status/1266921201588482048
I recently published a master thread on the most important #Bitcoin
podcasts that can set you up in the journey to be ready to invest. https://twitter.com/razyfired/status/1266921201588482048
8. I publish a weekly newsletter to share ideas and tips about #Bitcoin , investing, finance, hard money and fitness.
Subscribe for more updates and tips like these
https://rajats.substack.com/
, investing, finance, hard money and fitness. Subscribe for more updates and tips like these
https://rajats.substack.com/
9. RT the beginning of the thread. https://twitter.com/razyfired/status/1268261718490329094
