The last bull market came from #solana, in this cycle
Many A9 bosses were born
But the rules of the game have changed, and now it is easier to lose than to win
The next round of rotation will produce new "bosses"
After the selling rumors were dispelled, it is foreseeable that the#BSCBSC ecosystem led by $BNB BNB will have enough opportunities, and it has the strong support of big cousin CZ
#BSC Ecosystem will bring huge opportunities. Avoid these 10 fatal mistakes and let the orange cat accompany you on the road to freedom.
focus on @橘猫实验室 Pin the tweet. I will announce a project every 24 hours that I think has 100x chances in the entire BSC ecosystem.
In the last bull market, I turned $1,000 into $130,000.
Then it retraced to $8,000.
I made it to $300,000 in the bear market, and it rose to $5 million in the bull market, but even so—it's not hard to make seven figures in a bull market; keeping it is the hardest part.
I made these mistakes and hope you avoid them: 10 traps to avoid in this bull market 🧵
—— Orange Cat
1/ ➮ Most people only focus on how to make money, but never think about what to do after making money.
✧ Remember, it's easy to get rich, but hard to stay rich.
I have experienced three market cycles, and I know this well because I have often reverted my profits.
2/ ➮ That’s why it’s important to learn from mistakes—not just your own, but also from others to avoid repeating them.
✧ When everyone is bearish, and the market is dormant, it’s an excellent opportunity to reassess your strategy.
Here are 10 traps you should avoid in any situation:
3/➮ Don’t treat floating profits as your long-term betting capital.
✧ Consider them as hard-earned money, not as 'capital' for quick doubling or losses.
✧ In the cryptocurrency field, money can be made in an instant—selling airdrops or successfully closing positions—but don’t forget the countless hours spent on research and interaction to get there.
4/➮ Don’t make hasty decisions.
✧ You need to reject FOMO and exit as soon as possible when the crowd is loud, but this doesn’t mean you should make hasty decisions.
✧ Think thoughtfully, make money slowly, and protect quickly.
✧ Once a decision is made—act quickly, but often deep thought is needed before making a decision.
5/➮ Don’t trade too frequently.
✧ One of the biggest mistakes is over-trading, especially in times of low liquidity.
✧ You put in 5 times on a BSC meme, then buy another altcoin at 2 times, and so on. By doing this, you are essentially playing a hot potato game. Sooner or later, the market will turn against you, and you will lose everything and go to zero.
6/➮ Don’t panic during pullbacks.
✧ The market is filled with fluctuations, traps, and corrections, which are core parts of market volatility.
✧ I don’t know why, but many people panic about these; in fact, this is precisely the opportunity you should take to gradually scale up.
✧ Because it is in those times when the best risk/reward opportunities arise.
7/➮ Don’t let FOMO control you.
✧ Most cryptocurrency investors lose money due to FOMO (fear of missing out) leading to poor decisions.
✧ I believe many people lost thousands due to an initial loss of 100U.
✧ By doing so, when the market corrects, your cost basis will have been pushed up, exposing you to risk.
8/➮ Don’t fix profits.
✧ Congratulations if you have locked in some profits—there have been many opportunities to do so in this cycle.
✧ But still remember, market reversals often happen faster than you think.
✧ So, remember to lock in some profits from time to time, ensuring not all your gains are exposed to risk.
9/➮ Don’t be greedy.
✧ Remember, the profits in cryptocurrency are only paper gains until they are converted to stablecoins.
✧ Be sure to lock in profits in a timely manner; don’t be greedy for an extra 10%.
✧ As the cycle progresses, reduce risk exposure rather than the opposite.
10/➮ Don’t over-diversify.
✧ This is a common mistake many newcomers make—trying to diversify from the start.
✧ First, focus on a large opportunity to truly accumulate wealth.
✧ Diversification can help protect your wealth and maintain its value in the long term.
✧ This doesn’t mean putting all your funds in two projects, but it also doesn’t mean chasing after 10 different investment opportunities.
11/➮ Don’t use leverage.
✧ Leverage is like a 'casino' for many newcomers, and they don’t even fully understand how it works.
✧ So, don’t use leverage.
✧ It should have been a tool to reduce risk by improving capital efficiency, not a means to increase risk.
✧ Unless you have a clear strategy and control, it’s best to avoid using leverage.
12/➮ Don’t give up.
This is not just a reminder for you, but also a message for myself and your future self:
✧ Improving your standard of living is difficult, especially when you are working hard to expand your career without any guarantees.
✧ But remember, you have already passed the toughest part.
✧ There will be no worse situations than LUNA, FTX, or Voyager.
✧ A bright future awaits us; although the journey won’t be smooth, those who persevere will reap rich rewards.
Trust ME!
Let’s dive deeper 👇
