Read on Twitter
1/ Recent days, many people are rushing into the markets, eager to buy #Bitcoin 
as everybody is making money with the recent price surge.
Therefore, I've created this thread.
as everybody is making money with the recent price surge. Therefore, I've created this thread.
2/ First of all, welcome in the cryptoworld. It's a wild west and it's truly a beautiful space.
However, you have to deploy some standards for yourself, before you're starting.
It's a tricky space.
However, you have to deploy some standards for yourself, before you're starting.
It's a tricky space.
3/ If you start buying #Bitcoin at these levels, read what #Bitcoin actually consists of, so you know what you're investing in.
Next to that; don't rush into the markets given your FOMO. Just buy a tiny bit.
You've got enough time to make money in this market.
at these levels, read what #Bitcoin actually consists of, so you know what you're investing in. Next to that; don't rush into the markets given your FOMO. Just buy a tiny bit.
You've got enough time to make money in this market.
4/ Buying a tiny bit makes you tap in the markets. Get the feelings of losing and making money.
Why losing?
You only see people making money at this point, through which your brain isn't set for a potential pullback.
It will shock your emotions. You need to get used to it.
Why losing?
You only see people making money at this point, through which your brain isn't set for a potential pullback.
It will shock your emotions. You need to get used to it.
5/ Therefore, a tiny bit will exploit you towards those emotions.
During those dips, you could gradually increase your position.
However, never borrow money to invest. Never use money that you can't afford to lose.
Very important principles.
During those dips, you could gradually increase your position.
However, never borrow money to invest. Never use money that you can't afford to lose.
Very important principles.
6/ Define for yourself a horizon including targets. The price of #Bitcoin is running heavily recently, while people are only projecting further upwards levels.
Taking partial profits isn't bad. This gives you the ability to adapt to other market circumstances.
is running heavily recently, while people are only projecting further upwards levels.Taking partial profits isn't bad. This gives you the ability to adapt to other market circumstances.
7/ Don't look too much on social media to see how well everybody is doing.
It doesn't matter how much you make, it's about percentages in this game.
And, those avatars don't pay you the bills. Your own portfolio does.
Focus on yourself and your game.
It doesn't matter how much you make, it's about percentages in this game.
And, those avatars don't pay you the bills. Your own portfolio does.
Focus on yourself and your game.
8/ Avoid anything called leverage. If you don't have any knowledge of these markets, adapting towards leverage will make you go revenge trade faster.
'I can make the lost money back 5 times faster'.
Yes and you can lose your entire bankroll 5 times faster.
'I can make the lost money back 5 times faster'.
Yes and you can lose your entire bankroll 5 times faster.
9/ Next to that, trading and investing is a long term game. You won't be making those millions within a day, while you definitely want to.
Start educating and developing yourself day in, day out. Evaluate what you're doing in your decisions.
That's the way to financial freedom.
Start educating and developing yourself day in, day out. Evaluate what you're doing in your decisions.
That's the way to financial freedom.
10/ Do I need to go all-in on altcoins? No, but you can use a portion of your portfolio to exploit altcoins.
Again, do your research. Don't follow some guys blindly here.
Next; #Bitcoin doesn't have to correct for a good altcoin position.
Scaling in, scaling out.
Again, do your research. Don't follow some guys blindly here.
Next; #Bitcoin
doesn't have to correct for a good altcoin position.Scaling in, scaling out.
11/ In trading, it's about scaling in and scaling out.
You don't have to entire a position fully immediately. You can just layer in slowly.
Taking profits doesn't have to be done fully. You can do this partially.
Be relaxed and calm, that's the best decision-making behavior.
You don't have to entire a position fully immediately. You can just layer in slowly.
Taking profits doesn't have to be done fully. You can do this partially.
Be relaxed and calm, that's the best decision-making behavior.
