With the resurgence of retro hunting in the market, a new wave has arrived — the third generation of crypto bullruns. The newly initiated have only heard tales from the elders about the mythical bullruns. But the halving is getting closer, so it's time for newcomers to think about an action plan.
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Stay Focused
Conscious diversification into 10-20 assets, no more — that's what's needed. Remember Pareto's Law: 20% of asset efforts bring 80% of profit results. Cover sectors, not just protocols. Instead of 5 L2 sector coins, assemble a top tier from NFT, GameFi, Social, Oracle, DeFi, L2, etc. The sector's hype pushes all incoming tokens.
Build a Team
Being a bullrun means many new projects, many new altcoins, many new launchpads every 24 hours. Keeping up with everything solo is challenging. Gather like-minded individuals, create a group chat, and divide responsibilities while exploring information fields. In the evening, delve deeper into the researched information in voice chat.
Hype > Fundamental
Follow the threads. Hype will be fluid. The bull market trend sequence in 2021-22: DeFi > NFT > Metaverse > Move to earn. Those who adapted and jumped in on time are sitting on millions of dollars; others hope to recoup their Chia hard drive farms and Stepn sneakers to this day.
Unsubscribe from Influencers
Influencers with a large number of followers during the bullrun will attract rivers of money, especially to YouTubers. Any scam will be shilled, promising thousands of Xs. The task of influencers is to create FOMO to execute the advertising contract. Some will try to sell Solana at $250, others will push into Ponzi schemes. Monetary losses, of course, convert into experience, but don't convert the entire bank.
Balance
Think rationally. Fixing profit when a coin has given +30% is not smart, but forgetting that the bull market will end sooner or later is unwise. Sell the main portfolio if there are significant "Xs." Don't imagine buying a Lamborghini on an unsecured deposit. Keep an eye on the euphoria index. Particularly productive individuals may keep a diary; reviewing one's own thoughts is refreshing.
