First things first! Do not worry, still the market crash is far away. Fear eats the soul!
Why should you read this? Because I’m one of the idiots who didn’t follow up on his fiat transfer to MTGOX when Bitcoin was still at $0.0001. I sold Ethereum in 2017 at $6.5 with 80% loss…. But I think I have learned my lessons.
If you are still reading here now you probably invested a lot of time in the last weeks/months to find a crypto project you trust, or just bought every coin that had a fancy icon or great graphics and now it’s going down ☹
These rules are absolutely only aimed at HODLER, my own rules and traders hopefully know exactly what they are doing.
📜Rule 1: Never sell at a loss, or you fail rule 2 already! Selling at a loss can only happen under three circumstances. You need, although there is rule 2, urgently fiat money, you have lost confidence in the project or there is news (never the charts) that force you to do so.
📜Rule 2: Never invest more than you are willing to lose. Should be clear to everyone, but most seem to hope that they do not lose everything and then quickly become nervous.
📜Rule 3: Have you found a project, done research, exchanged ideas in forums/chats and are convinced of it? ALL IN is the bad choice here. Think about how much you want to invest in this project, divide the sum by 5 and initially invest 1/5. Now look at the charts over weeks. Is the price permanently going up? Try to buy small dips with 2/5. Does the price go down? Preferably the whole market? Rule 4!
📜Rule 4: 💲💲💲DCA Time💲💲💲, this is where the fun begins. You’ve held back an extra 2-3/5 for your investment. Now it starts, best to guess when the price is at the low and then buy! Freely after Baron Rothschild: “Buy When There’s Blood In The Streets, even it is your own!”. DCA is the best way to maximize your profits💵💵💵💵💵💵💵💵.
📜Rule 5: The most beautiful of the rules, now we make gains💵💵💵!!! Even if you believe in the project and swear “HODL for Life 💎💎💎👐👐👐”, always take a few wins on the way up. If only so you can re-buy on the next dip. I’ve gotten into the habit of 1/3 to 1/2 here. As long as I am well in the plus, always sell a little bit. Hold max. half, as long as I still have confidence in the project that it continues.
📜Rule 6: 🚪🚪🚪Exit strategy. Here everyone must decide for himself. Do I only want profit, or is it also about the project.
📜Rule 7: ℹ️ℹ️ℹ️Stay informed, because information is the most important. Does the CEO change in an early project? DIP. Does the contract need to be migrated? DIP. Is the coin listed somewhere? PROFIT.
📜Rule 8: Stay relaxed. But you can only do that if you follow a long-term strategy and are well informed.
📜Rule 9: Do not fall for scammers! Be very careful with airdrops. If you participate, create a new wallet.
These are my rules, important for me. Who would like to add something, gladly.‼️
‼️‼️ No financial advice ‼️‼️
And now but one more brotip👊👊👊:
Who is already in memecoins, shitcoins, early project, look at 💕💕 🔞[N$FW]🔞 💕💕 from xxxNifty. Yes it is about adult content. But sex sells and the US market alone is $90 bil per year. And I can tell you this. There are some new projects in this area, but they are all amateurs (although with good graphic and marketing skills). But if you want a coin with real value take a look.
Here are only the social links, the rest you can do yourself:
🌐Website SFW: https://nsfwpay.com
🌐Website NSFW: https://xxxnifty.com
🌟🌟🌟 Stay save! 🌟🌟🌟 Stay Nifty 🌟🌟🌟