Good morning cryptomaniacs, I read and read messages from many of you who are scared and panicking about the massive price drop in 90% of cryptocurrencies. First of all, I want to tell you that the market is like this, it has ups and downs. Aspects to take into account:
1. The traditional financial market and international political news directly influence the cryptocurrency market. Therefore, this drop in these days is a normal process due to the FED's publications. Keep up to date on macroeconomic news.
2. Whether you like it or not, the US Dollar moves the market.
3. In times of decline, if you are able to detect them in time, move your crypto to a stable currency such as USDT, USCD or EURI. If this has not been the case, just be patient, just as the market goes down, it goes up. You may need months to recover, but if you do not sell, it is highly likely that you will recover over time.
4. Do not trade futures unless you have extraordinary training in the financial sector. 5. Diversify your portfolio, don't put everything in one asset. I always use the example of the basket of eggs. Imagine that you have a lot of eggs and you have to transport them in a cart along a bumpy road. If you put all your eggs in one basket and you hit a bump, the basket will fall and you could lose all your eggs. However, if you divide the eggs into several baskets when you hit the bump, 1 or 2 baskets may fall, but the other eggs will reach their destination and you can sell them well.
6. Only invest what you have left over.
I hope you follow these tips and I assure you that you will earn over time.