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1/ Below is a thread of infographics I've created on the most important lessons to learn about #crypto investing. These are the principles I used to make generational wealth and I hope they will guide you to do the same.👇
Secrets
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Secrets
@SecretsOfCrypto
Cryptocurrency Analyst, Researcher & Investor. Freedom is through wealth. #Bitcoin. #Ethereum. #Altcoins.
Joined October 2014
- I've experienced 2 full macro bear markets & I understand the fear of another one starting. I have no doubt we'll see another macro bear market but we're not there yet. IMO the bigger gains are still to come & those who panic sell now will miss another big leg up in the market.
- If the market is manipulated, and I believe it clearly is, then drawing lines and triangles on charts for short term trades puts you at the mercy of the manipulators. If you hold high quality crypto and have a longer time horizon the market manipulators have no power over you.
- Crypto is a mental game. These kind of dumps are meant to make you run and check your portfolio, calculate how much you've lost leaving you feeling scared & anguished and causing you to panic sell. Instead, try feeling excited about the opportunities presented to you.
- When #Altseason? Dont focus on a date but understand money flow. Duration of the phases are parabolic meaning first takes longest & last goes fastest. Phases overlap & can temporarily reverse. We are in Phase 1 & transitioning back & forth between Phase 1 & 2. Prepare accordingly
- "They" can create a FUD storm to wipe a trillion dollars from the market, "they" can derail altseason but "they" cannot kill crypto. This is market manipulation to an extreme but they can't suppress prices forever. Crypto will recover. Crypto will survive. Crypto will thrive.
- At the later stages of the #Crypto bull cycle it's important to take profits. However, this cycle hasn't had the epic mania phase at the end. The latest price action supports the idea that this bull cycle is extending (as it did last cycle). The real altseason is yet to come.
- Yesterday will go down in history as one of the bloodiest days in crypto. Congrats to everyone that made it through. The more first hand experiences of events like this you have under your belt, the stronger you will be mentally.
- In a couple years from now your life will be completely changed. Once you've achieved your goal & become rich you'll look back and realize the most exciting part was going through the journey to get there (the ups & the downs). Take some time to enjoy the journey while it lasts.
- I believe we're in the early stages of the last phase of this bull run which tends to be the most explosive phase. Nobody knows how long it will last but it may only be a couple months more. Plan your exit strategy now as things could happen faster than you expect from here.
- A lot of people are raging about Elon crashing the markets. The real problem is too many people are emotional and panic sell over nothing.
