The $14000 mistake & how to avoid🚫

Late-comers are trying to steal your hard earned entries. You need to protect these with your life. Here’s why…

Welcome back folks,

Before we get into todays story, I’ve got one thing to say: It’s your money.

Do what you want with it. If you want to take a big pile of cash and set it on fire? It’s your prerogative. 

If you realised that you’re over-exposed and wanted to cash out some early gains? Good for you. 

But I’ve noticed a lot of people flip flopping between Bullish and Bearish tendencies and I can categorically say that this is the quickest way to gurantee that you will leave crypto with no money.

It all comes down to one thing: FEAR.

Yesterday was a classic crypto shake out. 

On the eve of inflation figures being published in the US - $BTC and ALTS dumped.

And low and behold, less than 24 hours later we’re back higher than when we started.

What a shocker, right? Well not really. 

See, this happens on what feels like a monthly basis in crypto. 

It’s all designed to provoke your emotions. 

I hate to say it, but these shakeouts are the easiest ways for institutions and whales to literally steal better entries directly from the hands of fear driven retail investors.

It makes me sick that on days like yesterday people give up their future multipliers by panic selling when literally nothing has changed…

Here’s your checklist…✅

Has the economic trend changed? No. 

Has there been any kind of global catalyst which may have changed circumstances? No. 

Then if nothing has changed, why are you selling? 

The truth is, that the money is made in the multipliers. 

Those early entries into alts are crucial and right now there is a fire sale on for all of your favourite alts. 

When you sell your altcoins on a red day, you sacrifice what could one day be a life changing gain. 

You need to protect these entries with your life. 

With that being said, it’s time for a story.

The $14000 dollar mistake

Well, hopefully you’ve been following The Bull Trap’s advice and your bags are already packed…

Let’s break it down, plain and simple.

We’re going to use our favourite fake meme coin: $FART 

$FART has a market cap of $10 million when you purchase $1000 worth.

On a day like yesterday, $FART has dipped 40%. You panic and sell all of your coins, convinced that you will buy back lower.

You’ve now lost $400. It sucks, but can you live with that? 

Probably. At least you’ve still got the $600 right? You can invest that elsewhere and make it back. Absolute boss move by you. 

But this leaves you in a sticky situation. Because sadly for you, $FART bounces back the following day. 

You now have two options. 

A) Accept that you fucked up and sit on the sidelines watching as the coin inevitably moons. 

or

B) Buy back in higher than your initial entry.

You can’t stand the idea of watching $FART moon without you. You wouldn't be able to live with your own incompetence. 

So you buy back in with your initial stake (which is now $600 as you lost 40% when you initially sold). 

$FART is now at a $20 million market cap, meaning that every dollar that you reinvest, only gets you half the tokens that you would have initially acquired when you first bought in.

Can you see where this is going?

Well, fast forward 6 months. Altcoins are absolutely sending.

Every shitcoin you can think of, including $FART is on a one way trip to the moon. 

You’re pretty proud of yourself. 

For simplicity, let's say that you sell when $FART blasts (pun intended) to a $200 million market cap.

Well done you. This is a 10X on your investment. 

Your $600 is now worth $6000. 

But you can’t stop thinking about what could have been… so you decide to run the numbers.

If you had just left your initial $1000 alone… you would have achieved a 20X instead of a 10X.

But you also wouldn't have lost 40% of your initial stake. 

So that means that your initial $1000 would now be worth $20,000.

$14,000 more. 233% in additional returns lost. 

Final results:

$600 (lost $400 by selling on the intitial 40% dip) at a $20 million market cap returned a 10X investment: $6,000

$1000 at a $10 million market cap returned a 20X investment: $20,000

Ready for the nail in the coffin? 

Imagine that you sold 9 other coins in the very same moment that you sold $FART.

Try to comprehend the money you have left on the table. 

And for what? A moment's peace of mind? Is it worth it?

If you’re in this game, you need to accept the inherent risk that this house of cards could fall at any moment.

The reality is, that if you are scared to lose $1000 and a 40% pullback provokes that kind of emotional response for you, then you’re investing more than you can afford to lose. 

It doesn’t matter how much you have. Everyone’s situations are different. I started with a few hundred dollars worth of crypto. 

But the deal I made with myself is that my real life is in no way affected if my crypto investments disappear tomorrow.

I don’t even classify these investments as being real. 

This has allowed me to stomach some disgusting dips unfazed. 

The longer this show goes on, the worse these dips will get. 

The hard work was securing your entries, don’t let these late-comers take your spot.

They’re too valuable. 

More insights soon. Stay sharp.

Harri 

The Bull Trap