The Crypto Bull Run Is Here! 6 Common Mistakes You Should Avoid This Cycle

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The current crypto bull market is in full swing! There is excitement all over the crypto space as profits are soaring, and everyone seems to be making money and getting hilariously rich. But here’s the truth: 90% of market participants will likely screw up badly if they do not know what they are doing.

This article will focus on avoiding six of the most common mistakes investors made in the last cycle. By learning from these, you can better preserve your gains as we head for the eventual market peaks.

Not Holding Spot

Buying and holding on the spot market means you purchase actual coins and tokens and hold them, preferably in your hardware wallet, not keeping them on centralized exchanges.

This will be the best and the hardest thing to do because most people want to be in and out of stuff. You can keep this market cycle much more straightforward by buying your coins, and you don’t have to do everything. 

We know there’s a temptation, you want to farm airdrops, do futures trading, and do DeFi. You can do all of that if you want, but you’ll do just fine by just holding a spot.

Bear Market PTSD

For those who were around during the bear market in 2022 and 2023, get over it. You have to get used to the fact that you will be buying higher and, hopefully, selling higher.

We know the mantra that you must buy low and sell high. However, the best buying prices have already passed, and the accumulation period has ended. You must internalize and accept that you will probably be left behind if you are still waiting for bear market prices to return.

Currently, significant breakouts are happening right across the crypto market. Granted, you won’t get the entries you want, but there’s still opportunity.

Not Focusing On Winners

Focus on the coins that have been winning this market cycle. If you are in some very old cryptocurrencies that no one is talking about or do not have an upcoming narrative, it might be time to say goodbye to that bag.

Not Managing Risk

The vast majority of new investors ignore the risk aspect of the market entirely. They come in, gamble, chase every green candle, and throw money into every new scammy rug-pull meme coin they can find.

Look, in this market, everything will pump if we go from our current $2.5 trillion market cap to a $6 trillion to $10 trillion market cap by the end of the cycle. However, you don’t need to be all-in on super-risky cryptocurrencies all the time, as they can go to zero tomorrow. You must eliminate this obsession of getting rich quickly and being unable to wait 12 to 18 months to achieve your goals.

Using High Leverage

People are getting liquidated in the futures market when they could have just gone back to point number one: hold spot and chill.

Leverage trading can be a handy tool if you have some experience in the market. If you are a newbie, you don’t need leverage. You have a lot of other stuff to learn before you try to learn about leverage trading. If you have some experience, you still want to keep your leverage relatively low.

Leverage is attractive for hedging and can be an excellent way to increase gains if you think you have a solid market entry, but many people use it like a roulette wheel. If you can’t keep the leverage low or don’t know how to use it, you should just avoid it.

Not Selling

Remember to sell and pay yourself. If you have life-changing money on the table, then please use it to change your life.

Suppose this market works out as regular cycles in the past; you will want to sell sometime in late 2025, especially when markets overheated, and euphoria is too high on the timeline, as we are probably about to enter a bear market. At some point, everything will drop by 90%, and most altcoins will not last in the bear market. So please take your profits in this market, or the market will take them for you.

Final Thoughts

This bull run could be your last chance to make it big in crypto. With the institutions jumping in, crypto might never look the same ever again, so this bull market cycle is the one you need to hit a home run on.


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