The first thing about crypto is that you will replicate what your mentor teaches you and it doesn’t matter if they are nonsense or not. I learned from a mentor who believed in TBC over BTC. Who remembers TBC? Philippians-based centralized crypto projects that crashed down after the founders got greedy. We have plenty of the nonsense coins more than BTC. I met BTC when it was $700 and we mostly used it for payment. The future of Bitcoin of $70,000 was not seen by our mentor so we all invested or held little amount of Bitcoin.
However, after the 2017, bull run, I gained more knowledge from the price movement and the factors that drive Bitcoin and other cryptocurrencies. However, then, we know little and we thought coins would continue to move up. I threw some thousand of dollars on Steem and everything got melted in the market. That was another lesson for me. In that same 2017 or 2018, I bought assets like Bitcoin Cash at the launching price but sold off after 200% profit. When the assets emerged $1,000 I learned another lesson. So, the more you trade the more you understand but sometimes, you do not need to learn the hard way when you have a smart mentor and the people that give you the guide makes the right decision.
During the 2021 Bull, I took the benefit of the market and gained a lot and have some real-life assets from the profits but I realized some things after that year and how the market reset itself.
I will share my guide and advice below.
Enjoy your day.
