10 THINGS TO DO AMIDST THE ONGOING CRYPTO BLOODBATH
crypto bloodbath is a situation that’d panic the investors irrespective of how small or big the cryptocurrency investment is
Stay Calm
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market has got every right to swing between rabid optimism, as it did in early 2021, to being pessimistic despair, like the recent times
Taking volatility into account
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Whenever you see your investments plummet, it’s a natural human tendency to sell away the assets then and there to avoid further losses.
Don’t sell in panic
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Whenever you see your investments plummet, it’s a natural human tendency to sell away the assets then and there to avoid further losses.
option of buying the dip
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Following footsteps of not panic-selling, another point worth a mention is to not fall into the trap of panic-buying, either.
Don’t indulge in panic-buying
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See any news driving trading cryptos & whether it’s possible that there’s fundamental news that’s shifted market’s sentiment
Assessment of the situation
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Having a deeper understanding of the same is probably one of the best things to do in the midst of the bloodbath.
Understand why Crypto are falling
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see whether the new regulations would help rather than hinder the cryptocurrency market.
Evaluation of the future prospects
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deeper understanding of same, and an evaluation of future prospects, it’s time for you to act accordingly
Action-based on future prospects
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cryptocurrency market is highly volatile are likely to fluctuate in value make sure that crypto investment is not your only investment
Ensure that your portfolio is diversified
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