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Otaku 🎩 🔵 Ⓜ️ 🎭 pfp
Otaku 🎩 🔵 Ⓜ️ 🎭
@animeworld
Maximizing your Gains during Altseason: A Simple Guide to Avoid FOMO When a bullish wave occurs in the market, especially in altcoins, it often happens in phases. Sometimes, certain coins within an ecosystem start pumping aggressively, while others remain sideways or even retrace. It's common for people to begin moving funds from one coin to another, as shown in the image. This typically happens due to one main emotion: Fear Of Missing Out (FOMO). When you see many coins going up but not yours, you start moving your funds into those that are pumping. It's a familiar scenario when, right after you make the switch, the coin that was pumping starts to correct, and the one you've been holding for weeks (and just sold) starts to go up. Sounds familiar?
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Otaku 🎩 🔵 Ⓜ️ 🎭 pfp
Otaku 🎩 🔵 Ⓜ️ 🎭
@animeworld
To avoid this, having a solid action plan and strategy is crucial. If you manage to time the market well and get exposure when a bullish wave or altseason starts, the best approach is to build a solid portfolio that suits your capital, risk tolerance, and understanding of the market. This way, you can construct a well-diversified and solid portfolio that includes majors, mid-caps, and microcaps from different ecosystems. You could also set aside a portion of your portfolio for trading, but the foundation should be a strong hold portfolio that you maintain for most of the altseason. The focus should be on timing when to take profits later on. There are many coins, many narratives, and many moves, but you can’t catch them all. It's far more important to make strong, concentrated bets than to overdiversify or overtrade.
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Rostislav
@rostislav
Great insights! It's so easy to get caught up in FOMO during altseason. Staying patient and sticking to your strategy is key to navigating these market waves without making hasty decisions. Thanks for the reminder!
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