Ask Leo - Crypto Dilemma - How do I navigate this upward bull market?

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Are you someone like me who got into crypto after the last bull run? I got into the crypto verse in late 2018. There was no euphoria as such when I first learned about social tokens where I could earn by writing. Looking back, it was the time when the bull sentiment was diving down and the bears were in control.

Then came 2019 where I did not do much other than ignoring crypto investments. In March 2020, the market crashed and I started taking crypto investment seriously. The year 2020 and 2021 have been in an upward trend after the crash of March 2020.

In a nutshell, I never experienced the entire crypto cycle. I never experienced the euphoria and I did not have to go through the deep sorrow. And, that made me unprepared for this market cycle.

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Photo by Alfred Kenneally on Unsplash

Going back to March 2020 and the next few months, it was relatively easy to pick up crypto projects to invest on. The unit coin price was lower and hence the capital required to take risks was comparatively lower. I picked up really good coins with my engagement on Hive and Leofinance such as $cake and $rune. I did my own research to figure out the potential on $matic and invested there. I dabbed into new defi projects when they were pretty cheap.

While I navigated that upward trend period, I was never prepared for this market cycle. I don't know how to behave in this specific part of the crypto cycle where the top is not yet there and the coins are priced relatively higher. I forego many coins in the past that have seen recent upward trends such as Luna, Avalance, Fantom and many NFT tokens. I cannot forget the baseline that I have in my head and buy these tokens at higher price. But, these coins could still go 10X from here.

That is why I have stopped buying any new tokens other than adding investment in the projects that I am already in. Not sure, how to move forward when someone has this specific mindset. It is not easy to pick projects when everything is going up.

I am sure, Leofinance has many crypto veterans who have witnessed this situation and went through the similar dilemma. Drop your wisdom down below so that I and many others in my situation will benefit. This is not just a post but a genuine question. How do I navigate this quasi bull market?

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6 comments
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I am now going to buy some Hive and Leo, because I have too little Hive and Leo.

!PIZZA

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Sure. Hive and Leo are pet projects and it's always safe to buy. I was wondering how do I research new coins?

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If you know a little TA, you can use the charts, plus the Wall Street cheat sheet to see where you're entering, plus fib to know where to take profits.

However, I know how fomo works.

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Taking profits on the way is fine. I am not sure how to find coins and how to make decisions for new investments during the bull run.

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