1/ # 3.5.1 Entries and "dumping"

In crypto people are obsessed with entries and past chart data. Its certainly the case that the lower your entry, the lower the risk and higher the gains, but there is a big difference between a good entry and timing the bottom.

2/ Too many people mistakenly think those are the same thing. Your task is to GET a good entry, not miss out on a good entry by trying to time the bottom. Which you can't.

What is a good entry?

3/ Its a price whereby based on the price action narrative of the token, the current market and the upcoming market, you think you'll get better gains FROM HERE, relative to other available investment options.

4/ If $XYZ is $10 and I think it will 5x (not can, that isn't enough) over the next 3 months, outperforming other options, then i'll buy. If its been dropping recently i'll DCA in perhaps. But the priority is getting my entry.

5/ I don't care if the market drops and it goes to $5-6. You can't predict that happening.

New people often obsess about past chart data "But its 70x up already, aren't you worried? Presale bought at 0.05c" - I don't care how much its up.

6/ All I am interested in is the price now, and how much I think it can do.

7/ While you should take unlocks and emissions into account in your research, if the project has a strong narrative at the current price (you shouldn't be investing if it doesn't) then it doesn't matter where anyone else bought or what 'presale' bought at.

8/ If you worry about what others buying before you bought at, you'd never buy anything in crypto. All that matters is the price now, and what you think it can do from here in the near term.

The same goes with this dumb concept of "Should I take profits at 10x?

9/ I worry that it will then dump" If you're in a token that outside of some market crash might dump back down to where you bought then its probably some junk you shouldn't be buying anyway.

10/ Not understanding this leads to people doing dumb things like selling just because something is up.

11/ Example being, $XYZ is at $5 (and the best available investment) , pumps to $7 (and is still the best available investment), but they sell because 'Well it will dump because its up and I can rebuy lower'. Never do this.

12/ Theres a lot of people in crypto who should be rich now, but aren't because they did that. It might work once, twice, 5 times. But one day you'll do it and it won't come back down. Do not gamble the 10x you know will come, for a sequence of potential 10-20%'s.

13/ The best example of this is last year:

Myself+ some others invested in $KAI at $0.0005 and told people 'This, given its price narrative will do at least 20-50x from here'. The majority of people we knew that got in, sold at 3-5x.

14/ Despite at that point it still being one of the best investments around. It did 300x.

If we're in a big alt run, market chart almost vertical and you think the speculation in the market is too high, and its all going to crash soon, then fine, sell.

15/ But don't be dumb and sell just because your token is up.

Enter based on the x's you think it can do from here. HOLD until something better comes along. Take % profits across all holdings when you reach portfolio $ targets.