Everything I Wish I Knew In My First 2 Crypto Bull Runs…

Crypto Banter

Introduction to Crypto Investing

The speaker, Feffer, shares his experience in the crypto market since 2016, including making and losing millions. He emphasizes the importance of understanding that crypto is a high-risk, high-reward market where it's not just about making money, but also about keeping it.

10 Points for Navigating the Crypto Market

  1. Crypto is largely a scam: 80-90% of crypto projects are scams or unnecessary, similar to the dot-com bubble. Only a few projects have real utility and potential for long-term success.
  2. Lock in your profits: This is the time to lock in profits and not let opportunities slip away. If you believe in the potential for significant gains, dedicate time and effort to crypto.
  3. Time in the market, not timing the market: It's more important to spend time in the market than trying to time it perfectly. Understand that you don't have to be a genius trader to make money.
  4. Greed is your worst enemy, FOMO is your best friend: Greed can lead to significant losses, while fear of missing out (FOMO) can prompt you to make informed decisions. Be aware of your greed and use FOMO to your advantage.
  5. Never marry a project: Don't become too attached to any single project. Take profits when you can, and diversify to minimize risk.
  6. Nobody cares about you: In the crypto space, nobody is looking out for your interests. Do your own research, and don't rely solely on influencers or others for investment advice.
  7. Diversification is key: Diversify your investments across different projects, narratives, and even outside of crypto to minimize risk.
  8. Have an exit strategy: Plan when to exit the market to avoid significant losses. Use indicators like the MVRVZ score to help determine exit points.
  9. Settle your debt: Use crypto profits to settle debts and free yourself from financial burdens.
  10. Take profits: Regularly take profits out of the market and convert them into real-world assets to secure your gains.

Conclusion

Feffer concludes by emphasizing the importance of taking his advice to heart and learning from his mistakes. He encourages viewers to subscribe to his channel, follow him on X, and check out his vlog, "The Billion Dollar Hustle," for more insights into the crypto world.