4 New Years Resolutions For Crypto Investors

New Year’s Day 2023 is approaching and the world of crypto investing is a very different place than it was at the beginning of 2022. The markets saw significant losses and are now flat at best, but there are still new projects emerging every week. And many people think there could be a bull cycle at some point in 2023. That being said, it’s important to control some of your degen tendencies so you don’t get annihilated and end up poor for the rest of your life.

So what should be on your New Years’ Resolution list for 2023? Here are four resolutions that all degen investors should consider to help them make the most out of their investments this year:

1. Stay informed of the latest trends in cryptocurrency and blockchain technology.

New advances come out every day and staying on top of the news, technology advancements, and market conditions are essential to making successful investments. Don’t fall for the FOMO trap and do your due diligence before investing in anything.  You have nothing but time to do this during a bear market so there’s no excuse for not doing a deep dive into any project you’re curious about.

2. Get more involved with the crypto community by attending events, joining forums, and participating in online conversations

The cryptocurrency and blockchain community might be smaller during the bear market, but there is still a wealth of knowledge and experience to share and learn from. Attending events, joining forums, and participating in online conversations will help you network with like-minded investors and stay up to date on the latest developments. This is essential for improving your crypto investing skills and making investments from a more informed standpoint. It’s especially easy to do during the bear market when real enthusiasts are the only people left in the game.

3. Set realistic goals for yourself when it comes to investing in cryptocurrencies

As we already know, crypto can be a volatile business, so it’s important to set realistic goals for yourself when it comes to investment returns. Don’t expect overnight riches and don’t make decisions based on hype alone. Instead, plan out your investments carefully and focus on the long-term potential of each project you invest in. Use past experiences and technical analysis to help you make informed decisions.

4. Take time to evaluate your current investments and make sure they are still aligned with your long-term financial goals

It’s important to periodically evaluate the investments you’ve made and make sure that they are still in line with your long-term financial goals. The crypto market is unpredictable and what was a great investment yesterday, may not be so today. Take the time to review your portfolio and adjust accordingly if necessary. This will help ensure that you’re not stuck with investments that have no potential for growth.

These New Years’ resolutions can help you make better decisions when it comes to investing in cryptocurrencies and blockchain-based projects in 2023. Cheers!

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