MyCryptoWallet co-founder gives advice on what to do during a crypto bull run

• Currently, there is bullish sentiment indicating that bitcoin and the overall crypto markets could be getting ready for some exciting movements in the future. 
• But as new investors get excited for what may come, longtime investors in the crypto space have given advice on how to learn from their mistakes. 

Currently, there is bullish sentiment running throughout the crypto space indicating that bitcoin and the overall crypto markets could be getting ready for some exciting movements in the future. But as new investors get excited for what may come, longtime investors in the crypto space have given advice on how to learn from their mistakes. 

Earlier this week on the 11th of August, the co-founder of MyCryptoWallet, Taylor Monahan gave some solid advice that she learned during the bullish run of 2017, when bitcoin hit $20,000. She highlighted that as bitcoin gains momentum throughout the industry, many malicious individuals take advantage of this time and prey on the gullible.

She said that these people make a lot of money whereas others will lose out because of the exuberance and the fear of missing out (FOMO) as well as the excitement or surrounding this time. She believes that the type accumulation has now passed and has pushed users to put up to 95% of the crypto assets into cold storage indicating that people shouldn’t go chasing any new coins right now. She further said:

“Pick a few long-term legit coins that you like. Be invested in them. Do research. Do not follow the shills [...] You will win if you take profits consistently, not if you try to call top.”

The long-term investor further went on to stress that people who take on huge debts to invest into crypto will not win but could lose everything in their life including their kids savings and their home. Essentially, please do your research before putting your money into a Cryptocurrency.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!