In Crypto Market there is a syndrome called Fear Of Mission Out (FOMO) whereby traders and investors react to the markets whenever they seem to be sky rocketing. There might be some fundamentals and the Markets spike to the bullish side and they rush to buy assuming that the market is now on road to the moon only to find out that they will be trapped in losses due to the pump by the market makers and the rest of the big whales then they dump to them .
How to overcome FOMO
You should have your own reason to buy so that you are not trapped and make sure that the fundamentals are inline with the technical so that you avoid buying at higher prices and sell at losses. When you see those large green candles do not just jump without assessing the market structure. Instead wait for the market to retrace then you buy at good prices and sell at premium prices.
How to make your Portfolio Survive
Assuming that you bought your crypto assets at the right moment and you are in profits, you should always remember there is need for you to know when to take profit and when to hold depending with the crypto assets you have. At times you might be holding an asset which is not a utility token and there are higher chances that if that asset reaches a certain level it will not surpass that level again because it lacks proper uses and we can refer so of those crypto assets as sh*t tokens. Make sure you know when to dispose them.
How to deal with Bearish Markets
This is the most important thing in the Crypto Markets , we see a lot of traders struggling when the Markets are bearish. They find it difficult to interpret if the Market is reversing or is just a retracement. If it is a reversal then you might hold depending with your goal or you may take your profits. If its a retracement its either you hold on to your positions and add more positions so that you maximize. We all know that the market moves up and down so you must be able to eat on every loop hole you find with caution though.
Avoid being on the losing side as a result of panic selling because you will always regret. The world is embracing the crypto markets and very soon crypto currencies will be the considered the greatest of all time so handle them cautiously and rip later.
Another thing you can do is to stake in these bearish moments because you will get more quantities and when the price skyrockets those quantities will become a huge fortune
Conclusion
Always remember that the jungles feeds on the weak, the sick and the dead, so as the Crypto Market it is not for the weak and the faint hearted. Do proper analysis and do not be fooled with the news and other traders sentiments, always remember there is money in HODLing unless you are a short term trader.
