Don't do this in Crypto Winter Since March 2022, we are seeing the unlimited crypto winter. Bitcoin and Ethereum are not able to cross the high threshold. And that means the price of altcoins are reducing. And we are also not getting much output for our content creation across various websites. And now that makes you wonder how to handle this type of the Crypto Winter? What are some of the things that you should do during crypto winter? This post here is going to put some light on this topic. Something I am sure you would love to know.
Don't Time the Market We assume that by watching some charts and seeing some fundamental analysis like we do in stocks we understand crypto. We have seen in reality how the charts and the typical market data is not always right. *In fact more you try to understand and study the data the harder it gets for you and you become more of addicted and frustrated in the due time.* I realized from that part it is not a good thing to time the market. Avoid Over Leverage When you try to leverage a lot in the market your risk becomes beyond control. You should always leverage with some mindset check. *Like how much you can risk and why you should diversify and how to handle the rest of the ups and downs.* You understand this part and then try to solve the issues that are around the leveraging in the market. You realize what can be done on that note and then decide your approach. Keep Emotions Away Having emotions in the market can get bad for you. Like you could end up investing more than your apetite and also you may end up making some wrong choices with your emotions too which could be bad for portfolio. Some of the time such type of the mindset can be bad for your overall growth. And if you wish to change that you would have to think of the investing through the different lens as well. So keep emotions out and choose logic instead. No "glass half empty" mindset We lose the money, you think it's time to quit. Having this sort of the mindset is bad for your health. And this approach of thinking in glass half empty is a bad choice. We have to learn to adjust our own self in this part. You should think of the facts and the past and present data. Decide after consulting with many others and then choosing where to go and what to do out of the same. What was your plan during the crypto winter?
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Crypto winter spread it's wings more then the expectations but still could not break our determination and commitment to reach at give up level. I am still believe that soon we will witness the rising sun again. Untill that time , for me , Holding, accomulating , buying and chilling will go on.