While the markets are slow like this, I would advise you guys all to focus on 3 things…
1️⃣ | Buying the Dip/DCA'ing Positions: Educating yourselves about dollar-cost-averaging in a red market is ever-so important. You will be extremely happy you did once the market recovers, whether that takes a week, or a month. People often want a lower/bottom entry, but are afraid to take the risk when it actually happens. Do the opposite of what the others are doing, buy the fear.
2️⃣ | Studying conviction: Make a clear list of all of the projects you have conviction/faith in, and adjust your investments accordingly. Remember to never invest more than you can afford to lose! Look for a good entry point and generate a clear exit strategy to maximize your gains. You guys know how much I have been emphasizing this, and you're all aware how bullish I am on my top conviction plays.
3️⃣ | Networking: It has been awhile since I have emphasized the importance of networking, and I still believe that this one of the most crucial aspects of crypto and life in general. Your network is your net worth, and becoming proficient interacting with people and building connections will elevate your profitability significantly. It is much harder to become successful entirely by yourself, you want to have a solid group of like-minded people surrounding to reach your highest potential.
Reduce the amount of high-risk plays you are doing in a low liquidity market like this, and instead do 3 things above. Good things come to those who wait, and patience is crucial right now.
Use this time to elevate your game and get ahead! 🐸
1️⃣ | Buying the Dip/DCA'ing Positions: Educating yourselves about dollar-cost-averaging in a red market is ever-so important. You will be extremely happy you did once the market recovers, whether that takes a week, or a month. People often want a lower/bottom entry, but are afraid to take the risk when it actually happens. Do the opposite of what the others are doing, buy the fear.
2️⃣ | Studying conviction: Make a clear list of all of the projects you have conviction/faith in, and adjust your investments accordingly. Remember to never invest more than you can afford to lose! Look for a good entry point and generate a clear exit strategy to maximize your gains. You guys know how much I have been emphasizing this, and you're all aware how bullish I am on my top conviction plays.
3️⃣ | Networking: It has been awhile since I have emphasized the importance of networking, and I still believe that this one of the most crucial aspects of crypto and life in general. Your network is your net worth, and becoming proficient interacting with people and building connections will elevate your profitability significantly. It is much harder to become successful entirely by yourself, you want to have a solid group of like-minded people surrounding to reach your highest potential.
Reduce the amount of high-risk plays you are doing in a low liquidity market like this, and instead do 3 things above. Good things come to those who wait, and patience is crucial right now.
Use this time to elevate your game and get ahead! 🐸