1/ Invest with conviction ⚔️
Don’t invest in cryptocurrencies if you don’t understand the revolution they represent.
Don’t jump from crypto to crypto. Pick a project you sincerely believe in because you’ve done your research. Be a wise investor.
2/ Don’t get into trading if you’re not an expert 👨💻
95% of retail traders lose over the long term. Only trade if you are willing to put in the time to become an expert. Otherwise, abstain!
3/ Always analyze the tokenomics of a project before investing 🔍
Valuation mechanisms, utility, distribution of tokens… All these aspects are crucial to assess the viability of a project.
4/ Always enter and exit in stages 📈
The goal is to optimize entries, exits and profit-taking as much as possible.
Use the DCA to buy your cryptos but also to sell them!
5/ Do the opposite of your emotions 🧠
In most situations where the emotion is high, it’s often best to do the exact opposite (or do nothing to avoid FOMO).
6/ Taking profits is essential 💰
If you have invested wisely and your investment has been profitable, don’t forget to sell!
Don’t be the guy who made an x80 but didn’t sell while waiting for an x100
7/ Diversify your investments 💸
Don’t expose too much of your capital to a single project. Diversify, but not too much. A maximum of 15-20 projects is recommended to keep control.
8/ Always keep some stablecoin aside 🐿️
You will always have times when you need funds.
Don’t be that person who is forced to sell a position they didn’t want to sell because they need the cash.
9/ Don’t lock up your cryptos for too long 🔓
Making your cryptos work is good, but don’t block them for too long. Seize opportunities when they arise.
10/ Don’t be too attached to a project
It is essential to avoid bias and not to become too emotionally attached.