Written by: BowTied Bull

Compiled by: Vernacular Blockchain

We are entering the late cycle (personal opinion), which means things are starting to get really crazy. Tokens are starting to skyrocket 100x, people are starting to say "there's no point in holding BTC", and NFTs are trading at ridiculous valuations.

If you’re going through a cycle like this for the first or second time, you may be feeling a bit out of control. Staring at screens all day, focusing on friends and family (or worse!). This article will help you manage those emotions and protect some of your gains by avoiding the “Mike Tyson punch” of greed.

Mental Health in a Bull Market

Avoid frequent price checks

The simplest but huge time saver is to set price alerts instead of constantly checking prices.

If you are experiencing a bull market for the first time, you may develop a bad habit of checking prices when you wake up in the morning and before you go to bed. This habit indicates that you have a price you are willing to buy and a price you are willing to sell.

Understanding this will save you at least 30 minutes a day. You won't check prices between workouts at the gym, or when you first wake up in the morning or before bed. You will have clear price ranges for buying or selling.

Since this is the beginning of a crazy period, we guess that most people will set buy alerts instead of sell alerts.

In conclusion, please set up price alerts for your tokens, this will avoid checking prices frequently and wasting time.

Research and work

99.9999999% of people will build all their wealth through their own business. While we focus on WiFi (e-commerce) and other web-based businesses, the core principle remains the same: working to build equity in your business is always the first priority.

There are new tokens popping up 100-1000% every week. Even in 2022 and 2023, if you’re still paying attention to this space, you’ll see this. If you find yourself frequently checking prices or browsing memes on X, every second that passes is a decrease in the value of your hard earned (or could have earned) money!

Instead, carve out a specific time period to look for new projects. Your focus can be DeFi, NFTs, AI agents, or Memes, we don't care. Everyone has a different strategy (we will focus on DeFi, NFTs, and possibly RWA if Blackstone starts pushing this narrative hard).

In short, set aside dedicated time to research cryptocurrencies so you don’t neglect your cash flow machine. When the music stops, you’ll be one of the few who can buy in at a discount.

Avoid discussing cryptocurrencies with “normal people”

This industry has been around for a decade. The basics have long been known, and the people entering the field now are of extremely low quality and don't even know the basics. This is good for your investments, but bad for your mental health.

Instead of trying to educate them, simply say, “I don’t know much, I just own a small amount of Bitcoin.” This will save you a lot of time. Your logic is: you only own a little bit of “the most famous coin”, that’s all.

Now is not the time to convince anyone. If someone didn’t make a fortune in this cycle, the floor price will be too high for them and they will never be able to build a position. This means there is no point in you explaining “computer money on the Internet” to your Uncle Sal. It’s too late for them.

In short, avoid talking to the average person. If they don’t even know the difference between centralization and decentralization, there’s no point in continuing the conversation. You can test their knowledge level by saying “I don’t know much about this, can you tell me about cryptocurrency?” If you hear the wrong information, end the conversation decisively.

Holding “de-risked” assets

The problem with a bull market is that your net worth will grow exponentially. When you reach or get close to your “goal number,” you ask, “Where else can I invest this money?” This question causes you to hold on and ultimately lose out on potentially life-changing gains on your extremely valuable animal coins.

If you don't have a plan, you will lose everything. We recommend that most people put their money into a primary residence. Others may choose to invest in stocks. It depends on your portfolio composition.

Just because Meme Coin is up 1000% and the S&P 500 is only up 10% per year, doesn't mean you should hold 100% of Meme Coin. If you do, you will likely lose everything in the inevitable -99.99% crash of Meme Coin.

In short, be clear about "what this money is used for". If you just want to make the numbers on the screen bigger, you are likely to fail in this bull market. Be clear about the specific purpose of the funds.

Don't neglect your health or personal life

I admit to making this mistake many times myself, but it’s really not worth it. The basic measures listed above will actually help you a lot. If you set up price alerts and clearly identify target assets to de-risk, you will do better than 95% of people (really).

Additionally, we recommend setting aside at least 45 minutes of exercise each day.

Beyond that, keep a normal schedule for your personal life. This varies from person to person. If you're in your 20s, this usually means Thursday and Saturday nights out. If you have a family, it means keeping a regular schedule with your kids/wife or other family members.

If you have to choose between the two, cut your workouts by about 25%, but not more. If you go from 5 days a week to 4 days, that's fine, and understandable. But if you go from 5 days to 2 days, you'll regret it.

Summarize

Everyone's life situation is different. We don't care if $50,000 or $50 million is life-changing for you, the principle is the same. You need a basic system to prevent yourself from going crazy. The above advice may seem simple, but it is very difficult to implement.

Set specific price alerts for the assets you want to buy or sell.

Make sure you keep a tight grip on your main source of income and continue to build your WiFi business. Set aside specific time to research new projects/NFTs, etc.

The only purpose of money is to improve your life, make sure you know what the plan is - a house, a car or something else specific. Don't forget what the numbers on the screen mean.

Don't ruin your health or personal life. You can indulge in the bull market frenzy for a bit, but it's not worth sacrificing your health for "maybe an extra 10% return." It's pointless and you'll pay a heavy price when the next bear market comes (we don't plan to go down with the bear market).

Lady Luck's Rules

If this is your first bull run, you will most likely hold on to your stock even after it drops 60-80% and may even lose money (many people fail because of greed). If this is your second time, you may sell too early because of PTSD from the previous cycle.

Rule 1: Don’t aim for round numbers

If you're young and your goal is $1 million? Guess what, you probably get to $876,000 or something close to that, and then the market suddenly takes a big correction.

If your goal is $5 million? You might reach $4,678,923 and then suddenly have a -70% crash. And so on.

The goddess of luck doesn't like round numbers, which is almost a manifestation of greed. She will take away your wealth immediately.

Rule 2: Never tell anyone about your wealth

If you want to increase your chances of achieving generational wealth, your goal is to tell everyone that you are poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.

If you’re yelling “I told you so!!!” on TikTok because a certain token went up 5x, we’re pretty sure you’ll lose everything and more in a bear market.

Aside from celebrities or professional athletes, Lady Luck only bestows great wealth on those who keep a low profile. Who is Aron Landy? Yep, that's the name most people have to look up.

Rule 3: Be happy for anyone who succeeds

Most people are jealous. If you are right 95 times out of 100, they will constantly emphasize the 5 times you were wrong, not realizing that this just proves how often you are right. If mistakes are rare, it means they are not the norm.

If someone makes 10x on Meme Coins, cheer for them. Same with NFTs that make 2-3x. Being jealous or envious does nothing but lower your luck.

Lady Luck always rewards winners. If you don't need something, you will get more of it. If you always envy or hate others, your luck is likely to transfer to them.

Rule 4: Sell When the Ego Gets Inflated

You’ve probably mentioned crypto to a few people and received strange looks, even though you’ve tried to explain it to them countless times. Even if some people understand a little bit and hold a small amount (like 2 BTC), they probably think you’re crazy because they bought some as a joke and don’t really understand (otherwise they’d be just as crazy as you are).

If your parents and friends—the same people who once laughed at you—start saying “you’re right,” it’s time to sell.

Lady Luck will not reward those who do not respect money.