We all want to win in crypto. Winning means that you invest in crypto and see results.
Sounds pretty easy, right?
Not really.
Because a lot can happen between investing and results.
Here are a few things that can go wrong:
- Investing too much money in crypto when you need that money for your day-to-day spending
- Investing in coins with no good return.
- Bad-timed entries/exits
You could say it’s just bad luck, but I don’t believe it. I know you have bad habits if you systematically do these things wrong.
Building good, solid habits is the key to winning in crypto.
“If you can get 1 percent better each day for one year, you’ll end up thirty-seven times better by the time you’re done.”
From the book Atomic Habits by James Clear.
Small habits make a big difference.
Good habits compound into something amazing.
Bad habits compound into big issues.
Let’s take a look at a guy in crypto with bad habits:
Coinfession on X:
https://x.com/coinfessions/status/1855913397906501711
This guy had enough Bitcoins to retire full-time. He could sit it out and have 30 million dollars.
Unfortunately, this guy was greedy. He couldn’t control his emotions.
What went wrong?
- He had no long-term plan for his Bitcoin or altcoins
- He chased pumps and bad crypto coins.
- He didn’t control his emotions
His entire financial life depended on crypto, and he lost it all. Not good.
You can just read the stress from this story. I think it’s safe to say this guy… did not have particularly good investing habits.
I want you to overcome these pitfalls and not fall into them. Based on this story, let’s look at good habits that will help you move forward.
1. Always do research before buying a coin.
So you are scrolling on X and browsing YouTube to see an interesting coin.
What are your next steps? You look at the price, see that it’s perceived as low and buy. Maybe go all in?
No. Please don’t. Always research first.
My way of doing research
I always do my research in a spreadsheet. I write down if a project meets the requirements for investing.
I like this part. It’s like I’m on the jury of America’s Got Talent. I sit down and rate the crypto coin’s performance. You can do the same.
Here are my 5 points to rate a crypto coin:
- Fundamentals – Goal of the coin and white paper research
- Roadmap and developers – What are they trying to solve? How big is the team?
- Volume – How much are people trading the coin?
- Purchasing method – How can I buy the coin? Which exchanges?
- Activity – How active are they on social media and other platforms like Discord and YouTube?
These points can be rated from 1 to 10. 1 for very bad and 10 for perfect.
For example:
Bad project:
- Fundamentals: No white paper.
- Roadmap and developers: Outdated roadmap, one anonymous developer.
- Volume – Only 1k per day.
- Purchasing method – Only available on decentralized exchanges (like Uniswap).
- Activity – The X account only has 250 followers.
Good project:
- Fundamentals: 45-page white paper with in-depth details on how a certain protocol works.
- Roadmap and developers: Detailed roadmap for 2025 and 2026. 12 developers, all with LinkedIn credentials
- Volume – 150k a day.
- Purchasing method – Gate.io, Mexc, and Bybit.
- Activity – The X account with 80k followers
You want certainty when investing in projects and to see that the project owners have put in the work.
If you want to invest safely in crypto, you must develop healthy investing habits. Work on finding your own. And start by working on the habit of doing research before you invest. Remember: you are the jury. You are responsible for the investments you make. And it all starts with your research.
2. Always plan for entries and exits.
You did research and know which project you want to invest in.
Now it’s time to invest.
Entries
Will you invest all your money in an altcoin and hope for the best?
No, please don’t. That’s way too risky.
Altcoins are very volatile, and it can take a while before things kick off.
Some even dropped 98%. If you invest at the wrong moment, your portfolio can drop like a stone.
For entries, you can use this list:
- Use the stock-to-flow chart to determine entries.
- Only invest what you are willing to lose. (Things can go south fast.)
- Dollar-cost average your entry.
So when the stock-to-flow chart tells us that it’s the best time to invest, we slowly accumulate the altcoin. This way, you average in your position, meaning your price is the average of all the times you invested.
For example, you can invest a small amount of your income in a coin every week.
Exits
After investing in a coin, will you just wait for the top and sell?
I don’t think so.
It’s so hard to determine the top. And if you miss it, you will be waiting to see your investment sink to the bottom of the ocean in the bear market.
If you want to be successful, you must accept that you can’t exactly time the top. You can’t foresee everything in the market. When you are in profit, you need to sell a portion.
Do this:
- Put the realistic TP levels on the chart
- Below that line, put a TradingView alert
- Make a plan for how much percentage you will get out of the market.
- Make a list per coin of what you need to do to make a profit. (Go to x exchange, etc.)
- When you get an alert, you execute your TP to-do list.
3. Always have a backup plan.
You invested money in crypto, and you don’t see results directly.
You waited:
– a week. Nothing.
– a month. Nothing.
– a year. Nothing.
I want you to understand how investing in crypto can feel.
You invested, and it can take years before you see significant gains.
Crypto isn’t a get-quick-rich scheme. It takes time and dedication.
When you slowly invest in crypto, you need a backup plan when times are dull, slow and negative.
To be a winner in crypto, you must be patient.
The definition of patience is “being able to wait for a long time without getting irritated or bored.”
There are two pitfalls that many people fall into when waiting in crypto:
- (Mind) They are bored and want results now.
- (Money) They have money problems and quit their plan to invest.
Mind pitfall
If you don’t want to fall into this pitfall, keep yourself busy improving yourself.
These are some great activities I love to distract my mind:
- Working at a job/on a business
- Walking in nature
- Researching crypto projects.
- Working out and becoming fit.
- Being at home with your family.
You can’t force the results in crypto. You need to keep yourself busy and make it part of your plan.
Money pitfall
The other pitfall is not having enough money to keep things going.
When you invest too much money in crypto, you won’t be able to do everyday
things. You will struggle and make it very difficult.
The first financial step is to pay your regular day-to-day expenses.
The second step is to have an emergency fund of 3 to 6 months. You need money
when things go wrong.
After financial peace, you can invest in crypto. You can put excess money into crypto. It shouldn’t matter if you invest 1 year or 10 years. It shouldn’t hurt your day-to-day spending.
That’s it for today.
Remember, good habits will help you win the crypto game.
It will help you keep your mind straight while making a profit.
Be the hero of your own crypto journey, and stay safe.
Dan John
