As the cryptocurrency market braces for the next bull cycle, anticipated to unfold between 2024 and 2025, many investors are seeking strategies to maximize their gains and potentially secure life-changing wealth. In a recent Twitter thread, prominent crypto analyst Ash Crypto (@Ashcryptoreal) shared valuable insights on how to navigate the upcoming bull run and potentially become a crypto millionaire.
“Want to become a crypto millionaire in this bull market of 2024-2025?” Ash Crypto asked, before outlining a comprehensive nine-step plan for those aspiring to achieve this ambitious goal.
Step 1: Accumulate Starting Capital According to Ash Crypto, the first step is to amass the initial capital required to invest in cryptocurrencies. This can be achieved through various means, such as saving from a regular job, cutting back on expenses, or working for a crypto project to earn digital assets directly. The analyst strongly cautioned against taking out loans for this purpose.
Step 2: Understand the Crypto Market Cycles Once the necessary capital is secured, Ash Crypto emphasized the importance of learning and understanding the four cycles that govern the cryptocurrency market. Grasping these cycles is crucial, as it is possible to turn even a modest investment of $1,000 into $1 million during a bull run, according to the analyst.
Step 3: Set Incremental Goals Rather than aiming for a massive overnight gain, Ash Crypto advised setting incremental goals, such as growing an initial $1,000 investment to $10,000, then $100,000, and finally $1 million. This measured approach helps avoid the pitfalls of overambitious expectations and ensures a steady, sustainable growth trajectory.
Step 4: Avoid High-Risk Trading Ash Crypto cautioned against the temptation of futures trading and attempting to achieve unrealistic gains through highly leveraged positions. Such strategies often lead to the loss of capital and disillusionment with the crypto market.
Step 5: Follow Informed Voices and Conduct Research To stay informed about market narratives and emerging opportunities, Ash Crypto recommended following reputable Twitter accounts and conducting thorough independent research to validate any claims or recommendations.
Step 6: Identify and Hold Undervalued Projects During bear markets, the analyst advised taking positions in undervalued projects with strong fundamentals and holding them through the subsequent bull run. Ash Crypto cited personal examples of investing in Ethereum at $88 in 2019-2020, which later peaked at $4,800 (a 55x gain), and Fantom (FTM), which experienced a staggering 1,600x increase.
Step 7: Patience and Discipline Capitalizing on the bull market requires patience and discipline, according to Ash Crypto. Investors should avoid the temptation of FOMO (Fear Of Missing Out) and panic selling, instead holding their positions for 1.5 to 2 years to maximize gains.
Step 8: Investors Trump Traders Ash Crypto emphasized that long-term investors and holders tend to reap the most substantial gains in the crypto market, as opposed to active traders who must constantly monitor the markets.
Step 9: Take Profits and Chase Targets As the bull market progresses, the analyst advised taking profits and gradually working towards the $1 million target, always maintaining a research-driven and patient approach.
With the crypto market’s inherent volatility and the potential for life-altering gains, Ash Crypto’s comprehensive strategy offers a roadmap for those seeking to navigate the upcoming bull run successfully and potentially join the ranks of crypto millionaires.
