It's no longer a News flask that the BTC post-halving will likely lead to the next bull run; hence, investors are on the run, bagging as much as they can and doing the needful.

I know you don't want to miss this opportunity, but still, you don't know where to start, so you are just sitting in a dark corner observing the whole process and hoping to get a lead.

If this is you,

Then get ready because you'll be joining the top crypto investors after reading this content.

7 steps to prepare for the crypto Bull run

1. In-Depth Research on Potential Investments

Initiate your crypto journey by dedicating time to meticulously research, study, and comprehend the core aspects of the cryptocurrency project you're considering. This includes its fundamentals, the team behind it, their objectives, the project's roadmap, and its growth potential.

2. Take advantage of Airdrop Farming.

During a bull run, numerous projects are likely to be launched and may offer airdrops to increase their visibility. airdrops can be a viable alternative. However, it’s crucial to note that while some projects may not receive approval, a significant portion could be fraudulent. Therefore, conducting thorough research before accumulating tokens is essential. it's advisable to focus on a few projects that show promise rather than spreading efforts too thinly across many projects

3. Monitoring Market Sentiment

Keep a close watch on the overall sentiment within the crypto market. This vigilance aids in making well-informed investment decisions. Stay abreast of the latest developments, heed the insights of industry experts, and track market indicators and trends.

4. Portfolio Diversification

In the realm of cryptocurrency investment, avoid concentrating all your resources in a single asset. Diversification across various cryptocurrencies and sectors within the crypto market is key. This strategy helps in risk management and profit maximization. Consider exploring various earning products like Shark Fin, Smart Trend, Dual Investment, among others, which are popular tools for investors during volatile periods

5. Setting Clear Investment Objectives

Before delving into crypto investments, it's imperative to define clear investment objectives. Determine your risk tolerance and investment timeline. A well-defined plan will steer you towards more judicious Employing

6. Dollar-Cost Averaging

Instead of attempting to predict the market's movements, adopt the dollar-cost averaging (DCA) approach. Invest a consistent sum of money at set intervals. This technique can help mitigate the impact of volatile short-term price fluctuations and reduce the risk of entering the market at an inopportune time.

7. Take profit at due time

Maintaining a long-term investment strategy is important, but it's equally crucial to secure profits when your targets are met. This approach ensures you capitalize on gains and safeguard against significant losses during market downturns. Continuously challenge your assumptions and seek out potential pitfalls in a project, rather than just affirming your preconceived notions.

Bonus

Effective Risk Management

Risk management should be the foremost lesson for every novice trader, yet it's often neglected. Manage your risks prudently by determining what you can afford to risk on your total investment and adhere to that limit. Implement this by setting a maximum loss you can tolerate on individual trades and maintain discipline by using stop-loss orders to curtail losses if the market turns adverse. Complement these strategies by eschewing emotional decision-making and devising an investment plan with specific entry and exit points.

During a bull market, the activity of scammers and hackers intensifies. To protect your investments, prefer self-custody with a cold wallet and refrain from storing your cryptocurrencies on centralized exchanges to reduce counterparty risks.

This guide aims to assist you as we anticipate the next crypto bull run.

PS: What other ways should one prepare for a bull run??