Good morning, crypto enthusiasts. I continuously read messages from many of you who are scared and panicking about the massive drop in prices in 90% of cryptocurrencies. First of all, let me tell you that the market is like this; it has ups and downs. Aspects to consider:
1. The traditional financial market and international political news directly influence the cryptocurrency market. Therefore, this drop in recent days is a normal process due to the FED's announcements. Stay updated on macroeconomic news.
2. Whether you like it or not, the US Dollar moves the market.
3. In times of declines, if you can detect them in time, move your crypto to a stable coin like $USDT, $USDC, or $EURI. If that hasn’t been the case, simply be patient; just as the market goes down, it goes up. You may need months to recover it, but if you don't sell, it is highly probable that you will recover over time.
4. Do not trade futures unless you have extraordinary training in the financial sector.
5. Diversify your portfolio; do not put everything into a single asset. I always use the example of a basket of eggs. Imagine you have a lot of eggs and you need to transport them in a cart over a bumpy road. If you put all your eggs in one basket and hit a bump, the basket will fall, and you may lose all your eggs. However, if you distribute the eggs into several baskets, when you hit the bump, one or two baskets may fall, but the other eggs will reach their destination, and you will be able to sell them well.
6. Invest only what you can afford to lose.
I hope you follow these tips, and I assure you that you will profit over time.