I've witnessed several crypto bull markets, and if I could offer top 5 advice to those with less than $2000, maybe even less than $5000 invested in crypto, it would be as follows:
1. Avoid Excessive Trading: With limited funds, diversification can be challenging due to fees. Instead, consider maintaining a balanced portfolio split between stable assets and 3 or 4 blue-chip cryptocurrencies until your investment exceeds this range. Many individuals lose their entire investments chasing elusive 100x gains.
2. Beware of Over-leveraging: During bull markets, whales often target over-leveraged positions like sharks. Be cautious and avoid excessive leverage.
3. Farming Caution: Be mindful of farming activities, as fees can quickly erode your profits.
4. Leverage Your Time: Right now, your most valuable asset is time. Think of it as your secret ingredient for boosting your earnings, especially when your investment is still on the modest side. Explore ways to make the most of your time, from grabbing airdrops to pitching in with communities you vibe with. In these bullish times, there are plenty of opportunities to build up your earnings before diving into big investments.
5. Invest in Learning: Dedicate time to study, learn, contribute, and create.
And always, always stay safe and vigilant 💜