Newbies anticipating Bull run, Are you prepared for it?
My dear readers
You must have heard the gist about Bitcoin halving and how bullrun is close, Bitcoin halving is when the reward for Bitcoin mining is cut into half which makes Bitcoin more scarce and as we all know, when something is low in supply, the demands become high which tends to increase the price.
The bull run is when Bitcoin shoots up in price, the altcoins also follow, and the market becomes so greenish that you just see all coins shooting up in price, including our Hive.
I joined the Hive blockchain during the 2017 bull run and I see those who joined earlier cashing out big time, all I could do was sell the small hive I earned from payout and rejoice with others who keep mentioning different kind of coins which seems new to me.
I do not want your case to be like mine, I gained knowledge from my experience but you do not have to learn from your own experience, you can learn from others' experience through their theory.
Everyone is Anticipating the bull run including you, but are you prepared for it?
Have you taken any steps to make it favor you or do you have no clue and just waiting along with the expert who knows their game and is already prepared for it?
Bull runs last for a short time but the bear lasts for 4 years, the first step to take to get prepared for a bull run is to buy some potential coins and keep them.
If this is going to be your first time witnessing a bull run, follow the tips I will drop below.
Download Exchange Apps: There are many exchange apps but Binance is the most popular, so download Binance and others like Kucoin and Gate.io. Huobi, Okx, it is on this exchange you will buy your desired coins but never leave your coins on these exchanges, and hence why you need a safe wallet to keep them.
Download trust wallet: This is a wallet where you can store your crypto assets and it is very safe unlike exchanges but make sure to keep your private keys well cos once you lose them and also lose access to the wallet, all your assets are gone and can't be recovered.
Keep at least 10 different coins: I know most newbies depend on Hive alone this wrong bull run, you need to diversify and hold some other tokens, the crypto world is wide so do your research and hold at least 10 different coins.
There are some coins I am holding that I believe will do well in the bull run, Matic, Ftm, Ai coin and there are some I bought based on rumors that they will do well, shit coins like meme, Pepe, bonk and I bought some based on the recommendation from people, like Zaku shilled Myria, Chirpley, and Ai, so there are thousands of coins out there, do your research and go for those with potentials and see your bags become heavy during the bull.
Just call me Burl.
I am a professional gamer, motivational speaker, and crypto enthusiast
Discord: burlarj#8326
Twitter id: burlarj1
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Why is it not good to store you coin in exchanger wallet?
if the exchange got hacked or run into problem, you will lose your coins
Must exchangers are coming up idea of wallet you can store your coin
I heard about the web3 wallet on exchanges but I don’t know how safe it is
i'll need more lecture about this
thanks for the update
I’d try to make sure that I find out about some good coins that I can invest in.
I’m prepared for the bull run ooh. I can’t wait for the price of Hive to go to the moon
Yay! 🤗
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General Burl is dollar's investment each too small on some of those you listed above, although I don't plan to go beyond 5 of them.
What do you think?
For the coins, like bonk Pepe meme, Myria and chrp, 10 dollars on each of them is still ok
I will highly recommend chrp though, seems that coin is gonna move more
I think diversifying into a few different coins is a good way to maximise our gains during a bull run. I try to have a blend between new and semi-established crypto projects.
Newbies will never be able to make profit first time inside the market if they are wise and gather all the knowledge about it first then this is the only way they won't lose.