this is my 3rd crypto bull run... don’t make these 3 mistakes
this is my 3rd crypto bull run... don’t make these 3 mistakes
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Treat Bitcoin (BTC), Ethereum (ETH), and Hedera (HBAR) as long-term holdings only if they fit your risk tolerance; no current price targets or reliable market-bottom timing are provided.
  • Set a profit-taking plan now—such as selling portions as prices rise or using gains to pay down debt—rather than repeatedly raising your target.
  • Review speculative altcoins like GALA, ILV, and VRA against your original investment thesis; don’t hold solely in hopes they return to past highs.
  • Avoid high leverage and keep experimental strategies, including trading bots and DeFi positions, small until they have a longer, independently verified track record.
Detailed Analysis

Bitcoin (BTC)

  • The speaker views Bitcoin as a core long-term holding and says he believes investors who hold through a roughly four-year cycle have historically been in profit. He cites 2013, 2017, 2021, and 2025, and speculates that 2029 could be the next bull-market peak.
  • He says Bitcoin is controlling the current market and acknowledges that the market is choppy. He also stresses that nobody knows whether a bottom is in or where the eventual peak will be.
  • He regrets not having a defined plan to sell during the 2021 run. In his example, a $75,000 Bitcoin target could have become $100,000, then $250,000, as rising prices encouraged him to keep moving the goalpost.
  • He says he is building Bitcoin holdings and intends to take profits on the way up rather than trying to time the exact top.

Takeaways

  • Treat the speaker’s 2029 outlook as a personal belief, not a known market timeline.
  • If holding Bitcoin, decide in advance how and when you would take profits; a price target alone may not make it easier to sell.
  • Consider whether realized gains could meet a specific financial goal, such as paying down debt, rather than leaving all gains exposed to market swings.

Ethereum (ETH)

  • The speaker says he is building Ethereum holdings as part of a long-term portfolio.
  • He recalls expecting Ethereum to reach $10,000 in 2021, illustrating how investors can become attached to price targets and delay selling as prices rise.

Takeaways

  • Set a profit-taking plan before a rally, including what portion you might sell at different levels.
  • The $10,000 figure is a past expectation discussed by the speaker, not a current forecast or recommendation.

Hedera (HBAR)

  • The speaker says he has been building an HBAR position as part of his long-term holdings.
  • He describes prioritizing what he considers stronger coins over riskier altcoins, while emphasizing that even long-held positions can require patience.

Takeaways

  • The speaker’s approach favors a core portfolio of assets he intends to hold for years, rather than relying entirely on speculative coins.
  • His comments reflect his own conviction; the transcript does not provide a specific HBAR price target or timeline.

Quant (QNT)

  • The speaker says he held QNT for about four years and resisted selling before it rose substantially.
  • He describes QNT as a limited-supply “banking coin” and says he believed it would eventually rise, but acknowledges that holding it involved a long period of waiting and doubt.

Takeaways

  • A long holding period can test an investor’s conviction; consider in advance what would change your thesis and what would prompt you to sell.
  • The speaker’s experience is not evidence that other long-held altcoins will recover or perform similarly.

Gala Games (GALA), Illuvium (ILV), and Verasity (VRA)

  • The speaker reports being down 87% on Gala Games, 93% on Illuvium, and nearly 100% on Verasity.
  • He says he still holds them as “what if” positions, but believes some coins may never recover. He attributes his losses in part to failing to sell when prices had risen substantially.

Takeaways

  • The speaker’s losses illustrate the risk of letting gains in altcoins turn into large losses without an exit plan.
  • Reassess whether each holding still fits your investment thesis rather than holding solely in the hope that it returns to a previous high.

XRP

  • The speaker recounts a friend who had made money trading XRP with 2–3x leverage, then lost the gains in a 50x leveraged trade after becoming overconfident.
  • He uses the example to warn that leverage can quickly erase trading gains.

Takeaways

  • Avoid letting a run of successful trades justify taking on much larger leverage.
  • The transcript’s example highlights how a highly leveraged position can be wiped out by a relatively small market move.

SafeMoon

  • The speaker describes SafeMoon as a coin that surged dramatically before becoming, in his words, an “absolute scam” and rug pull.

Takeaways

  • The example underscores the risk of speculative tokens that may not have durable value or may be fraudulent.
  • The speaker advises against buying “shit coins” unless they make up only a small part of a portfolio and the investor understands the risks.

Terra (LUNA) and Celsius

  • The speaker cites Luna and Celsius as examples of major crypto failures.
  • He says he lost coins held on the Celsius platform after it went bust.

Takeaways

  • The speaker’s experience highlights risks beyond price declines, including the possibility of losing access to assets held on a failed platform.
  • Consider custody and platform risk when deciding where to hold crypto; the transcript does not compare specific custody options.

Jupiter and LayerZero

  • The speaker mentions bot trades in Jupiter and LayerZero, reporting gains of about 100% and 218–220%, respectively.
  • He says the trading bot was new, had much less money allocated to it than his main holdings, and was still being tested.

Takeaways

  • The reported gains are the speaker’s claims about recent trades, not evidence of repeatable performance.
  • He acknowledges that the bot’s smaller allocation means its gains could have less impact—and its losses less damage—than a larger portfolio position.

DeFi portfolio and automated trading bot

  • The speaker says roughly $300,000 was allocated across two DeFi portfolios, while about $11,000–$12,000 was in a newly launched trading-bot account.
  • He presents DeFi as a secondary source of income intended to help him buy more Bitcoin, and says the bot is designed to outperform his hold portfolio. He reports that it had done so “by miles” so far, while noting that the bot was new and had much less money invested.
  • He promotes a paid trading-bot community and reports positive member testimonials and recent winning trades.

Takeaways

  • Treat the bot’s performance and testimonials as promotional claims from the speaker; the transcript does not provide independently verified results or a longer track record.
  • The speaker’s own allocation suggests keeping a new or experimental strategy smaller than a core long-term portfolio.
  • Do not assume a bot will continue to outperform a buy-and-hold approach based on a short period of results.

Portfolio strategy and profit-taking

  • The speaker’s main lesson is to focus on keeping realized gains, not on having the largest portfolio screenshot at the market peak.
  • He says his past mistakes included becoming overconfident during rallies, chasing potential upside, and lacking a clear exit plan.
  • His stated rules this cycle are to avoid chasing missed opportunities, take profits on the way up, and protect gains. He also discusses dollar-cost averaging and dollar-cost averaging out.
  • He emphasizes that crypto is volatile and says he has experienced six-figure portfolio swings. He cautions against adding leverage or meme coins after a winning streak.
  • He suggests that investors might use gains to meet concrete goals, such as paying off student or car debt, rather than indefinitely raising their price targets.

Takeaways

  • Write down an exit plan before prices rise, including whether you would sell a portion, recover your initial investment, or use gains toward a financial goal.
  • Avoid increasing risk simply because recent trades have been profitable.
  • Keep emotion out of decisions as much as possible, and distinguish long-term holdings from smaller speculative or trading positions.
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👉 10K Trades is one of the fastest ways to automate your crypto trading with AI - https://www.skool.com/10ktrades/about ------------------------------------------------------------------------------------------------------------------- DISCLAIMER AND WARNING The content provided in this video, and on any related social media platforms or websites associated with this channel, is for entertainment and educational purposes only. The views, opinions, and information presented are solely those of the content creator and should not be considered professional financial advice. I am not a certified financial advisor or a licensed investment professional. The information provided here is my own opinion and should not be taken as personalized financial advice. Always conduct your own research and due diligence. By watching this content, you agree that I am not liable for any decisions you make based on the information provided. This includes, but is not limited to, any losses or damages incurred as a result of investment or trading decisions influenced by the content on this channel. Investing and trading in cryptocurrencies involves significant risk. Markets for digital assets are volatile and unpredictable. There is potential for substantial loss, and you should be aware that it is possible to lose your entire investment. Always invest or trade what you can afford to lose. This content is not a substitute for professional financial advice. Should you require advice tailored to your individual circumstances, please seek the services of a qualified and licensed financial advisor.
About Jake Gordon Crypto
Jake Gordon Crypto

Jake Gordon Crypto

By @jakegordoncrypto

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