WAGMI in the Next Bull Run!

First things first, if this is the first time you heard the abbreviation WAGMI then let me clarify that it means “We’re All Gonna Make It”. Which in crypto context means we are going to achieve all our dreams which could be getting a Lambo, making retirement money or whatever ones fancy may be.

For many of the outsiders it may seem like an absurd level of optimism but for people who have been in the crypto space for some years know that once the bull run kicks in then people who are well positioned for it make life changing gains.

Most people jump into the crypto projects only once the bull run has kicked in as they hear stories about several altcoins pumping and new projects being overbought instantly. This is a really bad strategy as these people generally end up becoming exit liquidity for the OG investors.

These same people end up selling up their investments for a loss once the bear market kicks in after the bull run loses it’s steam.

Bear Markets are not a Bad Time!

Many people think that bear markets are dark and gloomy periods and during such times the markets should be ignored and avoided completely. If you want to make real gains in the next bull run then you need to do your homework during the bear cycle. Bull runs are characterized with over enthusiasm by investors with liquidity pouring in from everywhere, this makes even mediocre projects to start pumping. There is so much activity happening that it is difficult to keep track and research about which are the genuine projects.

Bear markets on the other hand are quiet periods where most of the seasonal investors have gone into hibernation you can focus and think clearly about your strategy for the long term.

Build your Foundations during the Bear Market!

What I am using my time during the lull period of Bear market is the following:

·       Keep Buying your Favorite Coins- You could be a BTC maxi, or have your altcoin convictions but what is important that you keep buying regularly in small installments during the bearish phase. It goes without saying that invest only what you can afford to lose as bear markets can stretch for long periods. Don’t invest your emergency funds. Many people only buy crypto once the hype is built during the bull run. This is really counter intuitive as bear markets offer the real bargains on all coins.

·       Research on Your Checklist Projects- During bull run it is difficult to identify solid projects from cash-grabs as the high liquidity flows keeps all projects active and buzzing. Once the bear starts knocking you will see that most projects who had no long term plan will slowly start packing and leaving. Maintain a checklist of projects you like and are interested to be part of. During bear markets analyze which are the ones who are tough and keep building even when the fundings are drying up. This shows they were prepared for the rainy days and are managing their seed funds well. If you are a content creator then try to support them in whichever way you can by creating tutorials, guides or content to generate awareness about the main differentiating features of the project. The projects you support during the bearish phases will reward you well once the bull kicks in.

·       Keep Grinding for the Airdrops- All the projects that you have added to your checklist for long term you should keep engaging on their ecosystem regularly. Almost all big airdrops now reward users based on how long they have been interacting with the platform. They prefer long term users over people who just joined after hearing about the launch hype. Airdrop funds will give you critical liquidity to build your portfolio and also funds to cover your transaction fees when you interact with the next set of new projects. I usually keep aside 50% of the airdrops I get to use for trying out apps in the new chains that look promising in long term.

Let’s Make it In the Next Bull Run!

Once the next bull run is here which is usually very cyclical linked to the 4 year halving period of Bitcoin, and considering that BTC hit it’s lazy all time high in Oct 2021 that gives us 2 more years before the next bull run peak will hit. 

If you want to improve your chances of making it in the bull run then don’t wait for it to arrive and start grinding with your favorite projects now.

I will be writing more about my approach about which are the DeFI, NFT and new Blockchains I am super bullish on in the long term.

Cheers,

Sam