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<h4><strong>Crypto bull markets are a double-edged sword. If you play it right, you’ll laugh your way to the bank. But if you play it wrong, you could be missing out on massive gains. In this two-part article series, we’ll teach you how to boost your portfolio in the bull market.&nbsp;</strong></h4> 
<p>Before we begin, do note that this is the second article of this series. So, if you’ve not read the first article, hop on over <a href="https://www.altcoinbuzz.io/reviews/technical-analysis/12-lessons-to-boost-your-crypto-portfolio-in-a-bull-market-part-1/" target="_blank" rel="noopener">here</a>. We share the first 7 tips there, so you don’t want to miss it. Once you’re done with that, let’s begin!</p> 
<h5><strong>1) Not Your Keys, Not Your Coins</strong></h5> 
<p>This is important. To boost your portfolio in the bull market, you’ll need to protect your crypto! And, the best way to do this is to hold it yourself. Hence the phrase: “Not your keys, not your coins”.</p> 
<p>To do this, you’ll need to have a <a href="https://www.altcoinbuzz.io/product-release/what-is-a-non-custodial-wallet-part-1/" target="_blank" rel="noopener">non-custodial wallet</a>. A non-custodial wallet prevents any third parties from accessing your wallet. This is as long as you have your seed phrase, or “keys”, with you. With these wallets, only you can control your coins.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">1/ <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f45b.png" alt="👛" class="wp-smiley" style="height: 1em; max-height: 1em;"> If you don’t self custody, do you even crypto? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f928.png" alt="🤨" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>But with so many wallet options, it's hard to know how to best manage your assets!</p> 
 <p>From hot &amp; hardware to mobile access &amp; compatibility, take a closer look at wallets on Moonbeam &amp; <a href="https://twitter.com/Polkadot?ref_src=twsrc%5Etfw">@Polkadot</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/cDZmb4m6jl">https://t.co/cDZmb4m6jl</a></p> 
 <p>— Moonbeam Network (@MoonbeamNetwork) <a href="https://twitter.com/MoonbeamNetwork/status/1736794484225224773?ref_src=twsrc%5Etfw">December 18, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Indeed, if you leave your coins in places where you don’t own the keys, you could lose your crypto. The recent <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ftx-and-alameda-research-are-going-bankrupt-whats-next/" target="_blank" rel="noopener">FTX collapse</a> is a great example. Because of FTX’s bankruptcy, many who held their crypto on FTX could not get it back. Now, if they held their crypto on a non-custodial wallet, it would have been safe.</p> 
<h5><strong>2) Beware of Scams</strong></h5> 
<p>You need to protect your crypto to boost your portfolio in the bull market. But, a non-custodial wallet doesn’t prevent this fully. This is because there are many scams around that try to phish your keys. Or, they try to use social engineering to get you to sign transactions. Once they achieve either, these scammers can rob you of your crypto.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">These damn SCAMS keep coming up. They a phishing for your crypto BEWARE <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/5k7foCPQsn">pic.twitter.com/5k7foCPQsn</a></p> 
 <p>— StuDoge<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6b4-1f3fb-200d-2642-fe0f.png" alt="🚴🏻‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@StuDoge) <a href="https://twitter.com/StuDoge/status/1736836885140427172?ref_src=twsrc%5Etfw">December 18, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>To protect yourself from scams, consider the following:</p> 
<ul> 
 <li><strong>Always check crypto token websites through <a href="https://www.coingecko.com/" target="_blank" rel="noopener">CoinGecko</a>.&nbsp;</strong></li> 
 <li><strong>Always check a website’s URL. </strong>Do this before accessing it or connecting your wallet to it.</li> 
 <li><strong>Never respond to DMs on Telegram.</strong> Especially after you’ve asked a question in a group. It’s likely always a scammer impersonating a support personnel. Always chat within the Telegram group itself.</li> 
 <li><strong>Never give away your seed phrase or keys.</strong> Once you’ve given that away, your crypto is lost.</li> 
 <li><strong>Never sign any suspicious transactions with your wallet.</strong></li> 
</ul> 
<p>For more tips on avoiding scams, refer to our previous research <a href="https://www.altcoinbuzz.io/cryptocurrency-news/two-things-you-must-do-to-protect-your-funds-from-crypto-scams/" target="_blank" rel="noopener">here</a>.</p> 
<h5><strong>3) Don’t Rotate and FOMO</strong></h5> 
<p>To boost your portfolio in the bull market, avoid rotating and FOMO-ing (Fear Of Missing Out). Simply put, avoid selling your existing holdings to chase pumps. In crypto, coin prices will always move up and down. With all being similar, selling a token with its price down for another whose price is up doesn’t make sense.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Ever experienced the frustration of missing out on a 100x coin overnight? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f629.png" alt="😩" class="wp-smiley" style="height: 1em; max-height: 1em;"> </p> 
 <p>Say goodbye to <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw">#FOMO</a>! </p> 
 <p>Discover how to stay ahead of the game and seize opportunities with our insightful guide. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/5WypgyiqbC">https://t.co/5WypgyiqbC</a></p> 
 <p>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1737012411633197125?ref_src=twsrc%5Etfw">December 19, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>If you rotate and FOMO frequently, you’ll probably lose money in the long run. Rather, you should do your research on the coins you hold. If the project’s fundamentals are good, you’ll likely see your gains soon enough.</p> 
<h5><strong>4) Don’t Marry Your Bags</strong></h5> 
<p>It’s a good idea to marry the love of your life. But, not so for your crypto bags. That does not help you boost your portfolio in the <a href="https://www.altcoinbuzz.io/?s=portfolio" target="_blank" rel="noopener">bull market</a>. Rather, it could harm your portfolio. Hence, it’s not a good idea to get emotionally attached to your coins.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f51f.png" alt="🔟" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't marry our bags</p> 
 <p>Avoid becoming too emotionally attached to your investments. Crypto love stories can end in heartbreak. Be ready to swipe left on your coins if things start to look iffy.</p> 
 <p>This lesson cost me a lot. I always thought it would go higher until it didn't. <a href="https://t.co/VUG7Mkvfd5">pic.twitter.com/VUG7Mkvfd5</a></p> 
 <p>— Blackbeard (@blackbeardXBT) <a href="https://twitter.com/blackbeardXBT/status/1731620453175681331?ref_src=twsrc%5Etfw">December 4, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Why is that so? In short, emotions in the market cloud your judgment. Avoid these emotions and be objective in your analysis. For instance:</p> 
<ul> 
 <li><strong>If something seems wrong with your favorite crypto project</strong>. You need to sell it ASAP. Being too attached to it prevents you from selling to cut losses.</li> 
 <li><strong>Your favorite crypto project moons 10x.</strong> But you’re too attached to it. You don’t sell. Then, it falls back to your original buy price. You’ve just missed out on a 10x gain.</li> 
</ul> 
<p>By being objective when managing your coins, you can maximize your profit.</p> 
<h5><strong>5) Buy the Blood</strong></h5> 
<p>It’s the mantra for all investing. The “Buy the Blood” strategy has helped investors make a lot of money over the decades. In crypto, it can help you boost your portfolio in the bull market too.</p> 
<p>In a bull market, dips and retracements are shallow. This is unlike the <a href="https://www.altcoinbuzz.io/?s=bear+market" target="_blank" rel="noopener">bear market</a>, whereby they can be prolonged. Knowing when to buy the dip can help you to get cheaper coins. With lower prices, you can increase your crypto gains.</p> 
<h5><strong>Bonus Tip: Take Profits</strong></h5> 
<p>Last but not least, we’ve got a bonus tip for you! In a bull market, always take profits off the table. Remember, you’re in it for the gains, not for the tech. As an investor, your job is to make money. So if you aren’t taking profits, you aren’t doing it right.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Always take your profits </p> 
 <p>Clear all the FUD</p> 
 <p>Stick to your investment strategy </p> 
 <p>Only invest what you are prepared to lose.<a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a></p> 
 <p>— Crypto News <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1fa.png" alt="🇦🇺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@cryptonews_aus) <a href="https://twitter.com/cryptonews_aus/status/1368848643822817281?ref_src=twsrc%5Etfw">March 8, 2021</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>But when can I or should I take profits? Well, you can refer to our <a href="https://www.altcoinbuzz.io/spotlight/when-and-how-to-take-profits-on-your-crypto-investment/" target="_blank" rel="noopener">previous research</a> to learn more. All in all, it boils down to your price targets and risk appetite.</p> 
<h5><strong>Conclusion</strong></h5> 
<p>That does it for our two-part article series on maximizing your crypto gains! Every tip discussed here will help you to get the most out of this bull run. So, don’t fade the tips shown here!</p> 
<p>Note: This article was inspired by this&nbsp;<a href="https://x.com/blackbeardXBT/status/1731620417918365898?s=20" target="_blank" rel="noopener">tweet</a>.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-300x37.jpg" width="166034" height="20435"></a></p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/12-lessons-to-boost-your-portfolio-in-the-bull-market-part-2/">12 Lessons to Boost Your Portfolio in the Bull Market – Part 2</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

12 Lessons to Boost Your Portfolio in the Bull Market – Part 2

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