2023-12-2 20:45 |
Twitter user @realbullrunking claims to have turned a crypto wallet from $30,000 to almost $1 million by following certain principles. In a recent thread, he outlined 15 rules that have guided his investing approach through multiple market cycles.
Always Scrutinize Coins
Constantly question every coin’s value proposition. The best investments should pass this gut check and leave you with straight forward confidence.
Follow the Narratives
Each market cycle has a different narrative. Follow top voices to identify emerging trends early. Investing aligned to bullish narratives can produce major gains. As @realbullrunking says, “Investing in the right narrative will lead to big gains.”
Understand Pumps and Dumps
If flipping short-term pumps, have an exit plan ready. If stuck holding, cut losses quickly before becoming a long-term bagholder.
Mitigate Risk
Never invest your entire net worth in crypto’s volatile markets. Maintain safety nets in case of major drawdowns.
Retain Flexibility
Avoid locking assets in high yield programs without easy exit options. As @realbullrunking tweeted regarding LUNA’s collapse, “Flexibility is key.”
Buy the Rumor, Sell the News
Coins often pump speculative ahead of major announcements. Consider taking partial profits immediately after news drops, as selloffs frequently follow.
Verify Everything
Misinformation abounds in crypto. Rigorously fact check before reacting to news to avoid emotional decisions.
Stick to Plans
Refreshing portfolio values obsessively could enable poor reactive choices. Define goals and stick to them.
Favor Emerging Projects
New innovators tend to massively outperform older cryptos in bull runs.
Don’t Marry Coins
Remain objective if held projects consistently underdeliver. Sentiment shouldn’t cloud rational sell decisions.
Stay Vigilant
Assume predators aim to steal your money. Verify legitimacy before engaging opportunities.
Realize Gains
Treat portfolio gains as real money, not just screen abstractions. Periodically withdraw profits.
Information Is Power
Follow leaders to identify trends and react early. Timely information enables swift action.
Think Like an Entrepreneur
Make bold moves decisively without hesitation. Big wins require calculated risk-taking.
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Never invest entirely in crypto, regardless of upside promises. Disaster can strike suddenly.
By internalizing these battle-tested principles, @realbullrunking managed to turn $30,000 into $1 million. Carefully applying similar guidelines could prove lucrative for other investors.
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