Steps 소식

Following the recent positive news based pumps I realized that the longest Bear Market so far has lowered my ability to "think as a Bull".

PPPPP - Prior Planning Prevents Poor Performance (thanks to Clive Owen in an old British TV series) and therefore it's time to start the preparation phase. Here it is what I came up so far.

Bulls are getting ready to charge, though it will take at least an year

1.1. DCA-in has been the Ultimate Pain Killer pill for the past 1.5 years and to avoid becoming addicted, I'm planning to slowly replace this precious medication.

Selling lust a small portion of a heavy bag will prepare me to cope with the Bull Market emotions that we are yet to experience.

1.2. Fight the Greed:

For some people it is counterintuitive to limit their max profit, but this is what separates us from the Smart Money aka Whales.

I'll divide my bags into 5 parts and set increasingly higher limit sell orders for the first 4 of them. Levels will be chosen and firmly set. I'm planning not to change it.

The fifth one will stay untouched, in case it eventually becomes a "Live Changing".

Look deeper than the surface

I know most ETF applicants point Coinbase as a source of data to avoid price manipulation. Some think this will propel COIN price even further.

My thoughts are the total opposite. Prior to Spot BTC ETFs approval, I think it is time to Sell (or even better Short) COIN.

2.1. Coinbase gets most of their profits are trading fees. Trading volume is already down 37% between First and Second Quater on 2023.

2.2. They earned 200M from interest partnering with Circle USDC in the second Quarter alone. Most of this will disappear when money starts to flow towards Black Rock and alike.

Staying focused is the hardest thing to do during a Bull Market

3.1. Disable Reddit/Twitter/WhateverAppYouAreUsingToStayInformed notifications or simply delete it.

Most people know what Buffet said about buying when there's blood on the streets. First part is what we tend to miss the most of the time.

"Close the Doors" is the most important, for it allows you to avoid distracting and stay focused on your Plan Execution.

3.2. Do not compare myself, my profits, etc with others. Jealousy is the sole driver of FOMO and trying to match what others did is the closest path to self doubt and big mistakes.

What do you guys think and will love to hear your suggestions as well.

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SEI has launched its mainnet and you can buy SEI on KuCoin easily!

Follow this 4-step guide to add SEI to your crypto portfolio 👇

https://www.kucoin.com/how-to-buy/sei

Warning : Don't sell more than 25% of moons you have else you you will get punished with lower moon earning rate in future. Detailed post CCIP-30

As Many of you will be getting your first moon distributions in couple of days. Here's guide how to sell or buy moons the easiest way if you don't know how to swap and bridge the traditional way.

I won't go into details what's already been discussed in detail in previous posts about importing your Reddit Vault to Metamask, adding Arbitrum nova network and importing moon tokens.

What you need

• Metamask wallet with your moons.
• Nano wallet : Natrium (App Store/Google Play) Or Nault (Web wallet)
  Remember to store your seed in a safe place
• CEX with NANO (XNO) Deposit/Withdrawal Support.
  Recommended : Binance, Kraken or Kucoin.

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Don't Forget to check out kuyumcu FAQs if you have any query.

PS. You will need a tiny nova eth to cover gas fee for sending moons from Metamask. You can use Nova ETH faucet which will give you enough eth to cover multiple transactions. Do consider donating to the faucet if you have extra funds.

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