Before the Next Bitcoin Bull Market, Remember These 6 Essential Things

I had written this in an article during the month of April 2020, but I think it is more essential than ever with the period we are currently going through:1. Bitcoin is an extremely volatile marketBitcoin's volatility is a feature, not a bug. You can make it your best ally, or your worst enemy. It all depends on the strategy you choose to adopt. By choosing to become a HODLer, you can make Bitcoin price volatility your greatest ally.As a reminder, with the current price of Bitcoin, HODLing Bitcoin has been a profitable strategy 99% of the time.2. You can lose all your money by buying BitcoinAgain, the secret is to be a Bitcoin HODLer. Trading requires specific skills that few people possess. If you are not one of the few people who have these skills, don't make the mistake of trading.Follow the best strategy possible with Bitcoin: Buy in DCA mode, Send on a hardware wallet, HODL, and iterate.3. Only buy Bitcoin with money you can afford to loseIt's common sense as always.4. Beware of FOMO and FUD feelingsDon't let your emotions take over in your choices. With the sharp rise in the Bitcoin price expected in the coming months, the hardest part is about to begin. You'll have to resist the urge that may arise to sell your Bitcoins in a hurry.If you sell your Bitcoins, you will end up regretting it sooner or later. Continue to be a Bitcoin HODLER.5. Do your own research before buying BitcoinIf you want to be a Bitcoin HODLER, you have to be convinced by the Bitcoin revolution. If you don't, you will end up losing a lot of money, because your lack of confidence will push you to make bad choices.Constantly deepen your knowledge.6. Set reasonable time slots to buy or sell BitcoinSome people decide to trade anyway. They always try to be at the maximum of a top to sell and at the minimum of a bottom to buy. This pushes them to spend their time watching the Bitcoin price. Again, this is a mistake, and you will end up making bad decisions by doing so.The best thing to do is to limit yourself to the slots you spend looking at the Bitcoin price.That's basically the gist of the article. I think it's important to remember this because there will be a lot of new entrants to the Bitcoin world in the near future. via /r/Bitcoin https://bit.ly/3p08gRk