What are the factors to consider before buying a coin in 2024 Bullrun?

[Henrywrites]

Making money in the 2024 crypto bull run is not as easy as many make it to look. In order to be able to make money in the upcoming bullrun, there are a lot of factors that you should consider.

The first thing to consider is which blockchain the coin you want to buy is on as that will help you avoid buying a shit coin.

Secondly, you need to know the market cap of the coin and average trading volume as you will know when to buy or sell the coin to make a profit.

Last on the list is to run a check on exchange platforms such as coinbase and Binance that is hosting these coins. Are they listed on legit platforms or not?

Understanding these 3 factors can help one make the right choice in the bullrun coming soon.

Do you have any more ideas to add to the list?

 

[Riberet19]

I think that if you want to make money in a bull run, you must be prepared before, having done a DCA even in bear markets is a winning strategy, which you can continue to do in a bull run, we should also take into account knowing at what point we should sell, to be able to make a profit in time, and identify good buyback points if necessary.

 

[Nomad]

Recently, Bitcoin touched $73 K and now it is down to $67 K. If you bought bitcoin when it was all time high, you are at loss, but if continue to hold, you can still profit because bitcoin has high chances of becoming more than $73K. However, if you invested in meme coins or less popular coins during the bull run, you might be at loss.

 

[deucher]

I think that before such an event you should not think too long and just allocate funds to buy Bitcoin and Ethereum because they will definitely grow and you may get less profit, but you can definitely be calm about your assets