One of your coins not pumping? The futility of pump chasing is going to work against you. Relax.

Don’t chase crypto pumps, it’s not worth it. Hype is a portfolio killer and so is the greed behind being lured into quick profit bs. The scariest part is there’s so much predictable psychology going on here.

• We all know about fear of missing out (FOMO): the biggest portfolio killer. People chase pumps out of a fear of missing out on the easy profits that others are making. "If I don't invest in this while it's hot I'll miss out on the opportunity to profit!" Don’t be this guy!

• Some times this subreddit is guilty of herd mentality: following the crowd when it comes to this stuff. How could group so large get it wrong? Obviously this can lead to a situation where people invest in a crypto asset without thoroughly evaluating its potential for growth, simply because others are doing the same. Don't. Buy the fear, sell the greed.

• In my opinion this is the biggest one: Emotional investing (fomo is encompassed in this.) You're driven by basic emotions in your investments. Greed, fear, or excitement, its all BS and its bad for you. Nobody makes rational investment decisions with their emotions. In the case of crypto pump chasing, stop letting quick profits cause you throw risk management to the wind. Whatever you’re thinking, someone else smarter would have already thought about it.

• Of course there's also a lack of knowing s*** about f***: Come on, who REALLY knows wtf they're talking about with these projects or the blockchain technology that underlies it? Relying on rumors, hype, and social media to decide what to buy is gonna get you WRECKED. Know what it is you’re buying! Leave every single Facebook group involved in investing. This isn't even just for crypto, stocks too. Get away from the echo chambers. They're targets for manipulation. Don't be a whale's exit liquidity!

You're gonna get wrecked chasing the pumps in a bull market. Don't get emotional, don't over-trade. So many projects are being artificially inflated in value through coordinated buying, just to sell to you. You want some high failure rates? The price of the pumped coin isn’t gonna stay there. What goes up must come down.

Here's my basic advice for anyone looking into crypto and it's common sense basically:

• Dollar-cost averaging (DCA): Invest a little out of your paycheck, the same amount, and at a specific time, regardless of the price. I've been doing this now the whole time. I had money to put in all throughout the run up to 65k but stuck to my DCA strategy, and continued to DCA through the dip in that summer, then back up to 65k. I finally took profits because that first drop from 65k I told myself to never just let it go like that again lol. However, I left most in, because of my next point:

• Long-term investing: Hold this stuff for long term! Just resolving yourself to hold it for the next 5 years can give you so much relief. Stop watching the charts every day.

• Diversification: Spread your investment across different projects to minimize the risk of loss from any one asset. This saved me so many times. I'll never forget OMG dropping like a stone after an airdrop of some weird token. I wasn't exposed very much but it was enough to see my portfolio total come down in a painful way. Imagine if I had my entire portfolio in only 2 or 3 things.

• Risk management: Yeah I don't know what this is lol

  This isn’t investment advice or whatever the f it is everyone says.

TL;DR: Every get rich quick scheme you think your brilliant mind came up with, countless others already thought of, and plenty of THEM know how to manipulate your fee fees.