Bull market isn't for recklessness

We are currently living in the digital era and we are getting updated with time. The technological development in the last 2-3 decades seems magical. And one of the magic or impressive developments is cryptocurrency. From a general perspective, cryptocurrency is the replacement of money. But it's more than money.

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Cryptocurrency is the thing which gives us full freedom to our assets and we can keep our crypto secure in a decentralized wallet. We can keep our money in a crypto exchanger also but the crypto exchanger is mostly like a bank and from the perspective of security it's not as secure as a decentralized wallet. Moreover, an exchanger has the power to freeze our assets like a bank which means it doesn't give us full access to our assets. So, expert people always advise keeping the crypto on an exchanger which is needed for trade. It's like we are going to the market. When we go to the market we take only that amount of money which is needed to buy the desired thing. In the case of an exchanger, it's also the same. We should transfer that amount of assets only which we need for trade. Let's come to the main topic.

In the world of cryptocurrency, people come to make money but unfortunately, most of the people suffer losses in the end. Believe it or not, the cryptocurrency market is for the smart people. Only a few people can make money from the cryptocurrency. In a bullish market, anyone can predict that the market will go up and almost all the cryptocurrencies follow the trend , and making profit in that kind of time is super easy. People indeed make money in a bull market but very few people can keep the profit till the bear market where they lose not only the profit but also their invested money. So they get stuck for many years or they need to sell their asset in the loss.

Everyone becomes happy in the time of bull market thinking that they're going to be millionaires or billionaires. Unfortunately bull market traps the money of many people because at that time people remain so positive that they don't hesitate to buy any cryptocurrency at a high price. Those smart people used to start selling when the bull start to strike. With the increasing price they keep selling and they also start storing stablecoins for the next bear cycle and for the time to invest when an extreme market crash occurs. He doesn't mean investment cannot be done in the bull market. It's possible but I think a huge investment in that time is not a wise idea because at that time there exists a huge possibility of suffering loss also. So with proper analysis and considering the risk. investment should be made in that kind of situation.

Nobody can track the market accurately and staying alert is the best way not to suffer loss. Almost in every trade, a proper stop loss is required at the time of a bull run because nobody knows when the bear will strike again. We need to keep it in our mind that making money it's easy but keeping the profit till the end of the bull run is difficult and so we need to focus mostly not to suffer loss. If we suffer minimum loss or no loss then profit will come automatically. I think isolating profit from the trading money may help to store the profit till the end.

In a bull market, almost all the coin pump hard even the shit coins also but it does not mean that we should invest in any project randomly. Before investing we should need to do a proper analysis. A good project will rise up again even if you suffer a loss which is just a matter of time otherwise most of the funds will be lost the project is not a good one. So things which should not be underestimated. If anyone doesn't know how to do a proper analysis can go for the large market-cap cryptocurrencies like BTC, ETH, etc. There man not to get the maximum profit but the possibility of losing funds will be reduced greatly because those projects are naturally good for long-term consideration.

You might be thinking why I am saying it right now? It's because many people saying that the bull cycle already started if not then it will start soon. Moreover, Bitcoin halving is approaching near, and according to historical data halving year remains bullish for the crypto market and in this year people are also expecting the same and it's also my opinion. I didn't make any technical analysis today and so I think almost everyone can understand it very well. My intention is not to make you scared. I'm just trying to make you cautious about the upcoming situation and I also tried to say that bull run means not recklessness. So try to be cautious and in the end, it's your money and it's your choice what to do with it.