Can we survive another crypto winter? Here's my Strategy.
The crypto market has been going through a downward trend and is almost 30% down to its all-time high. Millions lose their assets and I'm one of them. Yes, I have no shame in approving that I did miss the opportunity to sell BTC at $65k. When I finally decided to move on and liquidate my asset it was already late.
If this winter is not teaching us valuable lessons and we still didn't figure out our survival method, then it's our loss. The 'waiting' time is over, now it's high time to move on forward. Because the market is not going to push further. Some crypto though gained a little bit. But that's it, they are not moving and increasing the market cap.
I personally have seen people are now more interested in investing in other assets or projects like stock and real estate. Because of the aftershock of the pandemic, now it's better to have something 'visible' in your hands. But I still believe in crypto and I think we need to find a way out from our persona level so we can survive and make some money in the meantime.
If you agree or not, this crypto winter is the perfect time to buy more. It's not dipped but if you know, you know that crypto is not going to be this same in a couple of years. So if you are looking for long time gain, don't sell everything. Hang in there.
There's no alternative to analyzing the market. During a bear market, everything seems lucrative to buy as the price is negotiable. But keeping aside the temptation is necessary, otherwise, we will end up investing in sh*t coins.
It's okay to make an adjustment like withdrawing some, buying some more, investing in some new coins, etc. But keep yourself reminded that why you are doing so.
Last but not least, make a plan so you don't lose further. We already learned a hard way that waiting for another all-time high is not a good idea. So I personally believe if we want to make money, we need to do it in between. Like I started trading after having the loss last market fall. And it's profitable. Make your plan, how much you want to achieve, and how much you are going to sell and invest. This will save you from falling into temptation.
According to experts, this crypto winter will last till 2026. That's a long time. So we need to hang in there and make a long-term plan as well. Also, the price is not going to be that dip as per experts and what I understand. So nothing to worry about. Make your plan, adjust as per and you will survive this winter.
Thanks for visiting my blog.
