We are entering the late cycle (personal perspective), which means things are starting to get crazy. Tokens are beginning to surge 100-fold, people are saying "holding BTC is meaningless," and Non-Fungible Token trading prices have reached absurd valuations.
If this is your first or second time experiencing such a cycle, you might feel out of control. Staring at the screen all day, focusing on friends and family (or even worse!). This article will help you manage these emotions and protect some of your gains by avoiding the "Mike Tyson-style punch" brought by greed.
01 Psychological Health in Bull Market
1-1 Avoid Frequent Price Checking
The simplest point that can save a lot of time is: set price alerts instead of constantly checking prices. If you're experiencing a bull market for the first time, you might develop a bad habit of checking prices right after waking up and before going to bed. This habit indicates that you have a price at which you're willing to buy and a price at which you're willing to sell.
Understanding this, you can save at least 30 minutes each day. You won't check prices during gym breaks, right after waking up, or before bed. You'll have a clear buy or sell price range.
Since this is the beginning of a crazy period, we guess most people will set buy alerts rather than sell alerts.
In any case, please set price alerts for your Tokens, which will avoid frequent price checking and wasting time.
1-2 Research and Work
99.9999999% of people will accumulate all their wealth through their own careers. Although we focus on WiFi (e-commerce) and other network-based businesses, the core principle always remains the same: building equity in your own business is always the top priority.
Every week there are new Tokens surging 100-1000%. Even in 2022 and 2023, if you're still following this field, you'll see such occurrences. If you find yourself frequently checking prices or browsing memes on X, every second that passes, the value you've worked hard to earn (or could have earned) is decreasing!
Instead, carve out a specific time to look for new projects. Your focus can be on DeFi, Non-Fungible Tokens, AI agents, or memes; we don't care. Everyone's strategy is different (we will focus on DeFi, Non-Fungible Tokens, and possibly RWA if BlackRock starts heavily promoting this narrative).
In summary, set dedicated time to research cryptocurrencies to avoid neglecting your cash flow machine. When the music stops, you'll be one of the few who can buy at a discount.
1-3 Avoid Discussing Cryptocurrency with "Ordinary People"
This industry has existed for ten years. Basic knowledge has long been known, and those entering the field now have extremely low quality and don't even understand the most basic knowledge. This is advantageous for your investment but detrimental to your mental health.
Instead of trying to educate them, simply say: "I don't understand much, I just hold a small amount of Bitcoin." This will save you a lot of time. Your logic is: you only hold a tiny bit of "the most famous coin", and that's it.
Now is not the time to convince others. If someone hasn't made money in this cycle, the floor price will be too high for them, and they will never be able to establish a position. This means you don't need to explain "computer money on the internet" to your uncle Sal. It's too late for them.
In any case, avoid communicating with ordinary people. If they don't even know the difference between centralized and decentralized, there's no need to continue the conversation. You can test their knowledge level by saying "I don't understand much, can you tell me about cryptocurrency?" Once you hear incorrect information, decisively end the conversation.
1-4 Holding "De-risked" Assets
The problem with a bull market is that your net assets will grow exponentially. When you reach or approach your "target number", you'll ask: "Where else can I invest this money?" This question will lead you to continue holding, potentially losing life-changing gains on a highly valuable meme coin.
If you don't have a plan, you will lose everything. We recommend most people invest funds in their primary residence. Others might choose to invest in stocks. It depends specifically on your portfolio composition.
Just because a MEME coin has risen 1000%, while the S&P 500 only rises 10% annually, doesn't mean you should hold 100% MEME coins. If you do this, you will likely lose everything in the inevitable - 99.99% crash of MEME coins.
In short, clarify "what these funds are for". If you're only trying to make the numbers on the screen bigger, you will likely fail in this bull market. Specify the specific purpose of the funds.
1-5 Do Not Ignore Health or Personal Life
I admit I have made this mistake multiple times, but it's really not worth it. The basic measures listed above will actually help you a lot. If you set price alerts and clearly define de-risked target assets, you'll do better than 95% of people (really).
Additionally, we recommend spending at least 45 minutes exercising daily.
Beyond that, maintain normal personal life time. This varies by individual. If you're in your 20s, it usually means going out Thursday and Saturday nights. If you have a family, it means maintaining daily arrangements with children/wife or other family members.
If you must choose between two, you can reduce exercise time by about 25%, but no more. If you reduce from 5 days of exercise per week to 4 days, it's not a big problem and understandable. But if you reduce from 5 days to 2 days, you will regret it.
Summary
Everyone's life situation is different. We don't care whether it's $50,000 or $50 million that changes your life, the principle is the same. You need a basic system to prevent yourself from going crazy. The above suggestions seem simple but are very difficult to execute.
Set specific price alerts for the assets you want to buy or sell.
Ensure you firmly hold onto your primary income source, continue building your WiFi business. Allocate specific time to research new projects/Non-Fungible Tokens, etc.
The only purpose of money is to improve your life, ensure you know what the plan is - a house, car, or other specific goal. Don't forget the meaning of the numbers on the screen.
Do not ruin your health or personal life. You can be slightly obsessed with bull market frenzy, but sacrificing health for "potentially 10% more returns" is not worth it. It's meaningless, and you'll pay a heavy price when the next bear market arrives (we don't intend to accompany the decline in the bear market).
02 Rules of the Goddess of Luck
If this is your first bull market, you will likely continue holding when it drops 60-80%, and may even lose money (many people fail due to greed). If this is your second time, you might sell too early due to trauma from the previous cycle (PTSD).
Rule 1: Do Not Pursue Round Numbers
If you're young, is your goal $1 million? Guess what will happen, you might reach $876,000 or close to that number, and then the market suddenly pulls back significantly.
If your goal is $5 million? You might reach $4,678,923, and then suddenly a -70% crash occurs. And so on.
The Goddess of Luck doesn't like round numbers; this is almost a manifestation of greed psychology. She will immediately snatch away your wealth.
Rule 2: Never Tell Anyone About Your Wealth
If you want to increase your chances of obtaining generational wealth, aim to tell everyone you're poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.
If you shout on TikTok "I told you so!!!" because a Token has risen 5 times, we dare say you will lose everything in the bear market, and even more.
Except for celebrities or professional athletes, the Goddess of Luck will only bestow large fortunes on those who remain low-key. Who is Aron Landy? Right, most people would have to look up this name.
Rule 3: Be Happy for Any Successful Person
The vast majority of people are jealous. If you're right 95 times out of 100, they will constantly emphasize the 5 times you were wrong, without realizing this proves how high your accuracy rate is. If errors are rare, it means they are not the norm.
If someone makes 10 times on a MEME coin, cheer for them. If they make 2-3 times on a Non-Fungible Token, do the same. Jealousy or envy is of no use and will only lower your luck value.
The Goddess of Luck always rewards winners. If you don't need something, you will get more. If you are always jealous or hate others, your luck will likely transfer to them.
Rule 4: Sell When Self-Inflation Occurs
You may have mentioned cryptocurrency to several people and received strange looks, trying to explain it to them countless times. Even if some people have a slight understanding and hold a small amount (like 2 BTC), they might think you're crazy because they're just joking about buying some and don't truly understand (otherwise they would be as crazy as you).
If your parents and friends - those who once mocked you - start saying "you were right", it's time to sell.
The Goddess of Luck will not give returns to those who do not respect money.
