You see, making money with cryptocurrency is not enough. But you have to conquer your greed to maximize profits. In this article, I will share some tips and strategies to secure your gains during the bull market.
Luckily, there are different ways to make money with cryptocurrencies, such as trading, investing, staking, yield farming, and NFTs (non-fungible tokens).
But in this story, I will focus on profit-taking to make insane gains in the next bull market. I will also show you how to avoid common mistakes that can wipe out your profits.
For clarity, investing in cryptocurrency means buying crypto assets like Bitcoin, Ethereum, Litecoin, Fantom, and other leading coins and holding them for a long time, hoping their value will appreciate just like stocks and shares.

But once you have invested in cryptocurrencies, what is next?

After investing in cryptocurrency, the first thing you should do is learn how to keep your crypto assets safe. This way, you will not fall prey to scammers, rug-pulls, and phishing websites.
Also, learn how to use cold hardware wallets and hot wallets to store your crypto assets securely.

Now, let’s discuss how you can maximize profits during the next bull run, sell your portfolio at the right time, and avoid greed that can lead to losing your entire profit. Are you ready?

Stop Worrying About the Next 100x Altcoin: Do This Instead!

I understand you are eager to find the next crypto gems to make you rich enough to retire early and live your dream life.
But here is the truth; your greed may prevent you from achieving that goal. In bull markets, your greed determines how much money you make or lose.
If you have experienced a crypto bull market, you know how easily anyone can make money. You might start acting as a financial advisor to everyone around you.
You would show off your unrealized gains and persuade your friends and relatives to sell their valuable assets and invest in crypto. Yes, this is a common scenario in bull markets, as we have seen in the past. But I have a surprise for you.
If you have invested in altcoins over the past few months, you may have so much money in the next bull market that you will not know how to handle it. You could end up buying things that are not useful to you, such as JPEGs of apes, cars, rocks, and other worthless items.
You see, when the market is bullish, people tend to lose their financial discipline and common sense. But, in the bear market, most people spend wisely and think carefully.
While you can easily make money during the bull market, your greed won’t let you cash out.

Your mind will resist your desire to take profits from the market. It will constantly remind you of the gains you can make by staying active in the market. But do not fall for it.

This story aims to remind you of the importance of taking profits into fiat and keeping them away from the market.
During the bull market, most crypto influencers may advise you to hold on to your cryptocurrencies with a diamond hand because they will change your life.
But here is my stance: in the crypto market, nothing is guaranteed. Everything you see or hear is based on speculation and narratives. So, always take some profits, and appreciate what the market has offered you.

Learn From The Mistakes of Others!

We have seen individuals who invested $1000 into crypto projects and turned it into over $30,000, only to see their investment plummet to less than $500 because they did not take profits.
This may sound strange, but those who invested in Terra Luna early enough can confirm how profitable their investments became when their $1000 investment turned into over $100,000.

However, during the Terra Luna crash, most people lost their life savings and became indebted due to greed.

Avoid Reinvesting Your Profits During a Bull Market

You need to spend at least four years in crypto to learn how to retain profits because the market is designed to take them back from you.

You might think you're not greedy now because you haven't made 10x or 20x returns on your crypto investments. Well, you need to experience the euphoria of a bull market to understand this lesson.

"be a smart, disciplined investor who waits patiently for the next bull market"

So here's my honest advice. In the next bull market, when everyone in your neighborhood is talking about Bitcoin and Dogecoin, know that it is time to sell, and take profits.

Convert the profits into your local currency, and deposit them in your bank. You can invest in property, buy a car, start a business, or invest in other sectors such as real estate that can provide a steady income.
This way, you will have enough funds to invest at the bottom of the next bear market.

Strategies to Avoid the Pitfalls of Bull Market Euphoria and Secure Your Profits

To avoid the pitfalls of bull market euphoria and secure your profits,

• Set a realistic portfolio goal
• Invest only what you can afford to lose
• Diversify your portfolio
• Keep some profits in stablecoins or fiat currency
• Learn from your mistakes.