To win in the crypto casino, learn when to stop!
To win in the crypto casino, learn when to stop!
Set a goal, and when you reach it, stop.
Winning at crypto means booking serious profits. However, that is often a moment of great peril. You become arrogant, overconfident, and ignore the risks.
That’s when you lose all your gains because you forget to stop. If you hit it big, leave the crypto casino.
Stop playing!
Here is why. TLDR at the end.
There is nothing more intoxicating than victory, and nothing more dangerous.
This quote is from Law 47 of a book called The 48 Laws of Power by Robert Greene. It is remarkable how accurate this is for crypto and especially traders trying to book that next 100x.
If you make lifechanging money in crypto, sell and stop playing.
The premise is simple.
Thanks to Bitcoin, every four years, crypto starts a new cycle full of opportunities. Your role is to make a plan, set a target, and then make sure you exit on time.
If you don’t have a plan or an exit strategy then you will become a victim of your own success. A bull market lifts all bags, but it is an illusion to think that it won’t end.
It does.
Those that exit early and don’t try to time the top, will likely be better off than those that do. Particularly compared to those that in their greed start buying the top when prices go parabolic.
That’s usually the moment of greatest peril to your bag. Do not allow success to go to your head. Stick to your plan. If you don’t have one, start building one.
The more money you make, the more you should focus on your exit. Generally speaking, in every cycle, there are two years to make money and two years to lose it all.
You need to exit in the first two years.
The best time to sell is six to twelve months after the Bitcoin halving, which will take place this month. That puts the exit target in this cycle at the end of 2024 or early 2025.
But taking profit is only half of the story and less important.
The important bit comes next.
Do not re-enter the market with those profits! STOP PLAYING.
All that hard work will go to waste if you FOMO back into Bitcoin or altcoins as they make a blow-off top. You’ll likely buy the top and see it all crumble soon after.
The hardest part is sitting on your profits for one to two years, waiting for the bear market to bottom. That’s when you strike and buy back into the market.
Don’t do this alone!
Join me on discord or become a Patron to fast-track your learning. There is no right answer or perfect timing, but as long as you follow the trend, you will do better than most. That’s why YCC was created.
Buy when no one talks about crypto.
If you buy euphoria, I have bad new for you. If you buy when people forget crypto exists, I got good news for you. This is how you play the cycles.
To win at this game, you also need to stop playing! This is an universal truth. Crypto is just a different game.
TLDR & Tips to Remember
Make a plan, set a target, and then make sure you exit on time!
In a crypto cycle, you usually have two years to make money and exit
The greatest risk appears when you make the most money
Do not re-enter the market during euphoria, that’s how you lose it all
If you make lifechanging money, sell and don’t come back for a year or two
Learn to stop playing on your terms or the game will do it on its terms!
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All info is provided for educational purposes only and is not financial advice.