Buy the blood in the streets, even if the blood may be your own.
In crypto living by this motto will have you happy more often than not. We recently went through a sharp economic downturn in the crypto space that leadsmany too discount crypto all together and high tail it out of here. This usually happens when some particular factors are at play.
They are new to crypto and never really experienced an extended correction.
They never really took the time to learn about crypto but wanted fast money.
In both scenarios inexperience plays a large role in making the decisions to sell during a down market, so here is my advice for the next time things get a bit choppy.
Always have fiat on side line ready to spend: I currently hold 15% of my crypto funds in Fiat, this allows me to quickly buy flash crashes that may occur from time to time. This also decreases my exposure to hard dips.
Have a stash of Bitcoin: By having bitcoin stashed away, in the event that alts decided to go full swan dive. I don't actually lose any of my positions, better yet I can risk free increase my alt positions and sell the and later sell the intial investment while keep the profits as alts.
Walk away: Coinmarketcap loves when market the market bleed. Why? Traders can't stop checking the price of their holdings. You are better off trusting the investment you have made and going for a walk or doing any activity that will keep you away. This way you cant panic sell.
I hope these tidbit are helpful and will get you through the next Crypto winter, and trust there will be more crypto winters.
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