How to Lose Money in a Bull Market

Crypto is challenging the foundations of the modern financial apparatus. In pivotal technological swings like this, investors who see the value in the right place at the right time make fortunes. At the same time, when market conditions get frothy, many investors lose money.

This article presents a guide to the three biggest mistakes beginners make in crypto and how they end up losing money in a bull market. Plus, a suggestion of some of the top cryptos to buy right now. Understanding these classic pitfalls will help investors navigate markets like seasoned pros and ensure they make huge returns this cycle.

Three Beginner Mistakes in a Bull Market

FOMOing

FOMO (Fear of Missing Out) is a psychological trap many investors fall into. This alone counts for the majority of poor investment decisions, and the ability to fight this impulse will put investors leagues ahead of their competition.

Best described as a deep anxiety that all opportunities are rapidly passing by and will soon be gone forever. The investor feels they must buy at that moment, or they will miss the boat entirely. This becomes particularly devious during bull markets when other market participants flex their trade PNLs and tout a wild lifestyle on social media.

Solana’s ($SOL) recent rally is a classic example. $SOL performed excellently, people FOMOed, and it retraced heavily. Remember, the market will always present new opportunities, and rushing into positions is a surefire way to get rekt. Another entry will arrive, and the best cryptocurrencies to buy are those that are yet to pump.

Selling Too Early 

This classic error has cost many investors life-changing returns. They finally work out what crypto to buy, and then when their alt has pumped 50%, they sell. Hold onto winners. A fresh monetary expansion will fuel the coming bull market, and investors need to think bigger.

Let the winners ride.

Not Participating in Presales

But the most costly mistake of all is not participating in presales. In TradFi, ordinary people cannot participate in a company’s early stages. These gains are reserved for Venture Capital. Crypto democratizes access to early-stage projects and lets investors ride these winners from their humble origins all the way to the moon.

The following segment focuses on one of the top cryptos to buy right now: Galaxy Fox ($GFOX)– currently the hottest ICO on the market.

Galaxy Fox ($GFOX) Early Stage Play-to-Earn Gem

Investors who truly want to make it this cycle need to pay close attention to projects like Galaxy Fox. This nascent P2E gaming token has opened its presale, allowing any investor to participate and become a stakeholder in the ecosystem’s future.

Additionally, early participants will experience multiple price increases throughout the presale, and at launch, the price will already be up 450%. It pays to be early!

The GameFi narrative will be huge this cycle, and this is another reason experts favor Galaxy Fox. Its runner game will have players hooked, and the Web3 twist means the top 20% of them will earn prizes each season. Galaxy Fox will additionally have its own NFT collection alongside real-world merchandise.

$GFOX token holders unlock two sources of residual income, both direct and indirect. The direct form comes from staking, with the Stargate module paying out 2% of all ecosystem transactions to stakers. The indirect form comes from the ongoing token burn, which ensures the increasing scarcity of $GFOX tokens and, thereby, their value. 

>>BUY $GFOX TOKENS NOW<< 

Closing Thoughts: Future Bull Market Whales Buying Galaxy Fox 

The market rarely hands such straightforward investment opportunities to investors. Galaxy Fox is a micro-cap project with solid tokenomics at the center of this cycle’s most substantial narrative. It is a preordained 100X recipe.

Regarding the top cryptos to buy right now, it does not get better than $GFOX. Investors are not FOMOing. They are joining at the earliest stage. Still, they must be careful not to sell too early and miss out on life-changing gains. The only question that remains is whether $GFOX will 100X or 200X.

Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter