Learn how to prepare for the next crypto bull market with these 5 simple steps of web 3.0 investing.
How to prepare for the next crypto bull market: 5 simple steps

In our latest Cointelegraph Report, Eric Crown, a professional trader, helps us understand how to prepare for Bitcoin’s next parabolic move in five simple steps. He explains how to learn web 3.0, how to invest in web 3.0, how to build a web 3.0 website, how web 3.0 works, how to create a web 3.0 website, and how web 3.0 differs from web 2.0.

Understand the cycle

It is essential to comprehend the four-year cycle theory, which suggests that crypto bull markets usually happen every four years after Bitcoin halving events.

According to Crown, we are still in a pre-halving rally, which is likely to end in the low $40,000s for Bitcoin. The most significant price movements, he says, are expected to occur in the months after the Bitcoin halving.

“Then we spend the rest of the next 3 to 6 months experiencing sideways and downside move,” he predicts.

If you are interested in learning web 3.0, you may want to know how to invest in it, how to build a web 3.0 website, or how it works differently from web 2.0. You can also explore how to create a web 3.0 website and describe the differences between web 2.0 and web 3.0.

Pick your crypto portfolio

Bitcoin and Ether (ETH) should form the core of your crypto portfolio, as they are the most secure and tried-and-tested cryptocurrencies.

“I would suggest investing around 70%–80% in Bitcoin, 10%–15% in Ethereum and the rest in various altcoins,” Crown states.

Depending on your risk appetite, you may want to include a portion of altcoins with high potential.

Protect your investment

In a bull market, it is important to protect your investments from scammers and hackers. To ensure the safety of your crypto, it is recommended to use a cold wallet for self-custody, rather than keeping your assets on a centralized exchange to reduce counter-party risk.

If you are interested in investing in Web 3.0, you can learn about its features, how it works, and how to create a website on it. Additionally, Web 3.0 is different from Web 2.0, and understanding the differences between the two can help you make informed decisions about investing.

Choose an entry strategy

It is important to develop a buying strategy and stick to it. Dollar-cost averaging, which involves investing a fixed amount of crypto regularly (e.g., weekly or monthly), is a great way to reduce impulsive buying and fear of missing out on web 3.0 opportunities.

Take profit

The goal is to turn paper profits into real ones. Beforehand, establish an exit strategy, deciding at which price points you’ll buy or sell your crypto.

To learn more about readying yourself for the next crypto bull market, watch the full video on our channel and don’t forget to subscribe! Also, to understand web 3.0 and how to invest in it, check out our tutorials on how to create web 3.0 websites, explain web 3.0, and compare web 2.0 and web 3.0.

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