These are things I see all the time on the timeline. Listen, because you have no idea:
1. Cryptocurrencies have gone up and rallied for 15 long years.
Betting that this is the exact year that all the numbers change and can only go down would be the worst trade from a statistical standpoint. The risk vs reward is not in favor of this 15 year decline in accuracy. 2. It’s not a real bull market yet For many people, it’s not entirely wrong to say that this is the worst bull market ever. But it’s also true. That’s because we haven’t really entered a bull market yet. I know what you’re going to say: “Ha, enjoy round-tripping or betting on super cycles”. I’m not betting on any of that. I’m just looking at the facts. First, it’s 2024, and even though Bitcoin has risen a lot early due to the influence of ETFs, historically this year hasn’t seen a good run. This is the year after (2025). To be honest, altcoins have proven this very well. This doesn’t feel like a real bull market yet. 3. Ignore Timing and Bitcoin Even though Bitcoin has been running on 4 year cycles, look at the macro! I am not betting on a secular or multi-year bull run lasting forever! I am saying we have not actually been through a bull run yet. If this was a true bull run and we had ETFs, Bitcoin would have been over $100k! That is why people are so confused as to whether this is a bull run or not. In a way it is, in a way it is not. But basically every bull run loves liquidity injections. -- After media FOMO and higher numbers (BTC over $70k and Ethereum over $4k), new retail joins -- low interest rates -- money printing presses turn on -- etc.
I always say adapt. The next bull run could last longer or even shorter than the others. Don’t take history as an absolute. But I would say that the bull run may not even have started from scratch yet because technically it hasn’t really started yet in a way.
Will it be as strong? Will there be diminishing returns? That remains to be seen, but we may not even have started yet while others are speculating that we are halfway through.
~ Don’t be shocked by what some people say. Or just because this “bull run” is mediocre. It’s purely because they are only focused on Bitcoin or they just joined and have limited experience.
But what about creating generational wealth this time around?
I know these may sound boring to you but the 4 most important skills will blow your mind.
(The most important alpha part is right at the end ?, don't overlook it!) —
When people think of cryptocurrencies, the first thing that comes to mind is often the promise of quick, life-changing gains.
I get it!
We've all heard the stories of early Bitcoin adopters or lucky investors who turned $1,000 into a fortune seemingly overnight.
These stories are exciting and inspiring, but they can also be misleading.
The truth is, while cryptocurrencies do have the potential to create generational wealth, it's not as simple as buying the latest coin and waiting for the price to soar.
Generational wealth (wealth that can be passed down to future generations) takes time to build.
This is not a sprint, it’s a marathon.
The good news is that cryptocurrency can be a great tool to reach your financial goals faster, but it requires more than just picking the right currency.
The real keys to achieving generational wealth in crypto are often the “boring” but essential aspects of investing: planning ahead, managing risk, capturing profits, and continually learning and adapting.
Planning Ahead is the Foundation of Everything
The first step to building generational wealth in crypto is to have a solid financial plan.
This may not sound exciting, but it is vital.
A good plan will outline your financial goals, investment strategy, and risk tolerance. It will also include the timeline in which you hope to achieve these goals.
First ask yourself: What do I hope to achieve with my cryptocurrency investments?
Are you looking to fund your retirement, your children’s education, or leave a legacy for future generations?
Having a clear vision of your goals will guide your investment decisions and keep you focused during market ups and downs.
Next, consider your risk tolerance.
Cryptocurrencies are inherently risky, so it’s important to only invest what you can afford to lose.
Diversification also helps manage risk—don’t put all your eggs in one basket.
While it can be tempting to go all in on the latest hot currency, spreading your investments across different assets can provide greater stability and increase your chances of long-term success.
It is vital to protect your wealth
Risk management is the cornerstone of any successful investment strategy.
In the world of cryptocurrency, where prices can fluctuate wildly in a matter of minutes, risk management becomes even more important.
One of the most effective ways to manage risk is to set clear boundaries for yourself.
Decide ahead of time how much you are willing to invest, and stick to that amount. It is easy to get caught up in the excitement of the market, but discipline is key.
If you find yourself constantly checking prices and feeling anxious about your investments, this could be a sign that you are taking on too much risk.
Another important aspect of risk management is developing an exit strategy.
Know when to take profits and when to cut losses.
This doesn't mean you need to sell everything at the first sign of a downturn, but having a plan can help you make rational decisions, rather than emotional ones.
Have an exit strategy!
One of the biggest mistakes cryptocurrency investors make is holding on too long, waiting for the big gains that will make them rich.
While it's important to have long-term goals, it's equally important to recognize when to take profits.
Taking profits doesn't mean selling everything at once.
Instead, consider taking small profits while your investments grow. This will not only lock in gains, but also reduce risk.
It's easy to fall into the trap of "waiting for the moon," but the reality is that markets are cyclical. There will be ups and downs, and trying to perfectly time the market is a risky game.
Taking profits regularly can help you stay ahead, even when the market is volatile. Without cash on hand, you can't seize opportunities.
Reflect, Learn, Adapt
Building generational wealth is about more than just making money;
It's about growing as an investor. That means taking the time to reflect on your successes and failures and learn from them.
The crypto markets are constantly evolving, and what worked yesterday may no longer work tomorrow.
Knowing market trends, new technologies, and regulatory changes can help you adjust your strategy as needed. Don't be afraid to seek out new information, whether it's through books, podcasts, or conversations with other investors.
The more you learn, the better you can navigate the markets and make smart decisions.
Building generational wealth in cryptocurrency is not a get-rich-quick scheme. It takes time, patience, and a lot of hard work. But by focusing on the fundamentals—planning ahead, managing risk, taking profits, and constantly learning—you can set yourself up for long-term success.
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Most importantly – stay away from these psychological traps
— “Goal “X” is programmed”
— “Diamond hands, never sell”
— “Bitcoin solves this problem/not controlled by governments”
— “These are the next 10/20/50x:”
— “I gave you X and it went to Y, now I give you Z and it’s going to..”
— “Super cycle, no more bear markets”
— “It will never get there” - “150,000 Bitcoins are programmed” These are the ones I see the most on my feed, and they are all lies designed to deceive and ensnare as many people as possible, enslaving their minds, and cults and ideologies often play a vital role in this game. Keep your mind clear of illusions. Remember, the goal is not just to make money, but to build a legacy that can be passed down to future generations. This requires a shift from short-term gains to long-term growth. It requires thinking years ahead and making consistent, smart decisions along the way. So buckle up, stay disciplined, and prepare for the ride ahead - it will be worth it.
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