Ben Simpson (YouTube) presents three concise rules for navigating a crypto bull market: (1) have an exit strategy before the market "rips" to avoid panic-selling at the top, (2) set a clear personal goal for what you want crypto gains to achieve (Ben gives examples including building a business and paying for his parents' house), and (3) rely on trustworthy information and accountability rather than following influencers or friends (he asserts ~95% of retail participants lose). The tone is advisory and prescriptive, aimed at retail crypto participants preparing for a bull run.
Questions this video answers
95%
To pay for his parents' house.
Chapters
Guys, the crypto bull market's heating up so I want to share with you my top three rules for any bull market. Number one, you need to have an exit strategy by the time the market starts to really rip. You need to make sure that you have your plan already before that occurs. What I see most people do is they don't have an exit strategy and then by the time the market hits the top, they're panicking, they're getting euphoric and they round trip. The downward side is 95%, sometimes the old coins are the downwards. So make sure you have your exit strategy. Number two is your goal. All right. Need to have in your head what is the goal? What do I want to get out of crypto? For me it was building my business. Collective shift five years ago, cycle before that, you know, different things. Right now to pay for my parents house. That was the goal of mine. Already take that off. Without a goal, you have no reason to sell. Without an exit strategy, you don't sell. All right? Number three is you need to have the right information to make the right decision. So many people are saying crypto, follow the influencers, follow the tiktokers, follow their friends. 95% of people losing crypto because they're the retail that the big boys sell into. You need to have the right information, have the accountability and get insights from people that you trust and, and not buy into the hype. If you are in the 95%, if you are the sheep that's listening to everyone else, you will lose. Get the right information, get the right goal, have an exit strategy and that's how you're going to crush this bull market.
