Bull Run Survival Guide: Keep a Steady Mind and Protect Your Wealth

Compilation: Vernacular Blockchain

We are entering the late stage of the cycle (personal opinion), which means things are starting to get very crazy. Tokens are skyrocketing by 100 times, and people are saying "holding BTC is pointless," while the trading prices of NFTs have also reached ridiculous valuations.

If this is your first or second time experiencing such a cycle, you may feel a bit out of control. Staring at the screen all day, watching friends and family (even worse!). This article will help you manage these emotions and protect some of your gains by avoiding the "Mike Tyson-style knockout" that comes from greed.

01 Mental Health in a Bull Market

1-1 Avoid frequent price checking

The simplest way to save a lot of time is to set price alerts instead of constantly checking prices. If you are experiencing a bull market for the first time, you may develop the bad habit of checking prices as soon as you wake up and before you go to bed. This habit indicates that you have a price at which you are willing to buy and a price at which you are willing to sell.

Understanding this, you can save at least 30 minutes every day. You won’t check prices during breaks at the gym, nor will you check prices right after waking up or before going to bed. You will have clear buying or selling price ranges.

As this marks the beginning of a crazy period, we speculate that most people will set buy alerts rather than sell alerts.

In summary, please set price alerts for your tokens, which will avoid frequent price checking and save time.

1-2 Research and Work

99.9999999% of people will accumulate all their wealth through their own careers. While we focus on WiFi (e-commerce) and other web-based businesses, the core principle remains unchanged: working hard to build equity in your own career should always be the top priority.

New tokens surge by 100-1000% every week. Even in 2022 and 2023, if you are still paying attention to this field, you will see this happening. If you find yourself frequently checking prices or browsing Memes on X, every second that passes, the value you have worked hard to earn (or could have earned) is diminishing!

On the contrary, set a specific time frame to look for new projects. Your focus can be on DeFi, NFT, AI agents or

In conclusion, set aside dedicated time to study cryptocurrency to avoid neglecting your cash flow machine. When the music stops, you will be one of the few who can buy in at a discount.

1-3 Avoid discussing cryptocurrencies with "ordinary people"

This industry has been around for ten years. The fundamentals are well known, but the quality of people entering this field now is extremely low, with even the most basic knowledge lacking. This is beneficial for your investments but detrimental to your mental health.

Instead of trying to educate them, it's simpler to say: "I don't know much, I just hold a small amount of Bitcoin." This will save you a lot of time. Your logic is: you only hold a little bit of "the most famous coin", that's all.

It is no longer the time to persuade others. If someone has not made wealth during this cycle, the floor price will be too high for them, and they will never be able to establish a position. This means that you no longer need to explain "computer currency on the internet" to your uncle Sal. It is already too late for them.

In short, avoid communicating with ordinary people. If they don't even know the difference between centralized and decentralized, there's no need to continue the conversation. You can test their knowledge level by saying, "I'm not very familiar, can you tell me about cryptocurrencies?" Once you hear incorrect information, decisively end the conversation.

1-4 Hold "de-risk" assets

The problem with a bull market is that your net worth can multiply. When you reach or are close to your "target number," you might ask, "Where else can I invest this money?" This question can lead you to continue holding, and ultimately, you may miss out on life-changing gains from highly valuable meme coins.

If you don't have a plan, you will lose everything. We recommend that most people invest their funds into their primary residence. Others may choose to invest in stocks. It specifically depends on the composition of your investment portfolio.

Just because Meme coins have risen by 1000% while the S&P 500 only rises by 10% each year does not mean you should hold 100%.

In short, clarify "what this money is for." If you're just trying to make the numbers on the screen bigger, you're likely to fail in this bull market. Specify the exact use of the funds.

1-5 Do not neglect health or personal life

I admit I have made this mistake multiple times, but it really isn't worth it. The basic measures listed above will actually help you a lot. If you set price alerts and clarify the target assets for risk reduction, you will do better than 95% of people (really).

In addition, we recommend setting aside at least 45 minutes for exercise each day.

In addition, it is important to maintain a normal personal life schedule. This varies from person to person. If you are in your 20s, it usually means going out on Thursday and Saturday nights. If you have a family, it means keeping up with daily routines with your children/wife or other family members.

If you must choose between the two, you can reduce your workout time by about 25%, but not more. If you reduce your gym time from 5 days a week to 4 days, that's not a big deal, it's understandable. But if you reduce from 5 days to 2 days, you will regret it.

Summary

Everyone's life situation is different. We don't care if it's $50,000 or $50 million that changes your life, the principle is the same. You need a basic system to prevent yourself from going crazy. The above advice seems simple, but it is very difficult to execute.

Set specific price alerts for the assets you want to buy or sell.

Make sure to hold tightly to your main source of income and continue building your WiFi business. Set aside specific time to research new projects/NFTs, etc.

The only purpose of money is to improve your life, make sure you know what the plan is - a house, a car, or other specific goals. Do not forget the significance of the numbers on the screen.

Don't ruin your health or personal life. You can be a little addicted to the bull market frenzy, but sacrificing your health for a "possible 10% more return" is not worth it. It makes no sense, and you will pay a heavy price when the next bear market comes (we do not intend to accompany the decline in a bear market).

02 Rules of the Goddess of Luck

If you are experiencing a bull market for the first time, you are likely to continue holding during a 60-80% drop, and you might even lose money (many people fail due to greed). If it's your second time experiencing it, you might sell too early due to the trauma (PTSD) from the previous cycle.

Rule 1: Do not pursue integers

If you are young, your goal is 1 million dollars? Guess what happens, you might reach 876,000 dollars or close to that number, and then the market suddenly experiences a significant correction.

If your goal is 5 million dollars? You might reach 4.678923 million dollars, and then suddenly a -70% crash occurs. And so on.

The goddess of luck does not like integers; this is almost a manifestation of greedy psychology. She will immediately take away your wealth.

Rule 2: Never tell others about your wealth

If you want to increase your chances of generating wealth, the goal is to tell everyone that you are poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.

If you shout "I've told you all before!!!" on TikTok because a certain token has risen 5 times, we can be sure you will lose everything in a bear market, and even more.

Besides celebrities or professional athletes, Lady Luck only bestows great wealth upon those who keep a low profile. Who is Aron Landy? That's right, most people would have to look up this name.

Rule 3: Be happy for anyone who is successful.

Most people are jealous. If you are right 95 out of 100 times, they will keep emphasizing the 5 times you were wrong, without realizing that this actually proves how high your accuracy rate is. If mistakes are rare, it means they are not the norm.

If someone is at

The goddess of luck always rewards the winners. If you don’t need something, you will get more. If you are always jealous or hate others, your luck is likely to shift to them.

Rule 4: Sell when self-inflating

You may have mentioned cryptocurrency to a few people, only to receive strange looks in return, and you have tried to explain it to them countless times. Even if some people have a slight understanding and hold a small amount (like 2 BTC), they might think you are crazy because they just jokingly bought a bit and don't really understand it (otherwise they would be as crazy as you).

If your parents and friends — those who once mocked you — start saying "you were right," it's time to sell.

The goddess of fortune does not reward those who do not respect money.