Don't gamble in a bull market

There are many opportunities in a bull market, especially in the later stages, with altcoins flying around. Many altcoins surge multiple times, making one envious. The urge to jump in impatiently or to impulsively choose certain promising but yet to explode altcoins for heavy investment, while feeling confident and waiting for a massive increase, is a mindset to avoid. This is purely gambling, completely unrelated to investing.

Every bull market sees the birth of many altcoins that exploit investors. These altcoins have strong hype, appear to have robust backgrounds, and demonstrate fierce growth. Please resist the temptation; only when the tide recedes do we see who is swimming naked. When BTC crashes and the bear market arrives, these altcoins are often halved, decimated, or even approach zero.

If you absolutely cannot resist the temptation, only use a very small amount of funds to play around. Even if you make a small profit, do not get carried away and heavily invest. Never, never, never do that. This is gambling, and you cannot always rely on luck. It’s not about making a hundred times; it’s about losing just once and losing all your capital to start over. Do not fantasize about heavily investing in an altcoin and then getting rich; this is akin to dreaming about winning the lottery, a super, super low probability event. Small amounts of fun can be considered entertainment, but treating it as an investment is a grave mistake.