#MarketPullback

Since its inception in 2009, the Bitcoin and cryptocurrency markets have seen many cycles of growth and decline, even within the larger ongoing trends known as bull and bear markets. While it’s true that each market dip has so far been followed by a recovery and significant growth, periods of decline can be stressful and hard to navigate for experienced traders and beginning investors alike.

Here, we discuss five strategies that you might want to follow during a market dip in order to hold on to the value in your portfolio, avoid emotional trading, and lose less sleep.

#1 - Don’t fall prey to FOMO and FUD

Staying on top of the latest news and trends in the cryptocurrency space is crucial, but too much information can definitely be a bad thing. This is especially true in market downturns, where it’s all too easy to be overcome by your instincts and make some badly timed trades.

FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt) are common terms in the crypto space, and can have a stronger influence on our choices to buy and sell than many of us would like to admit.

FUD generally refers to a negative market sentiment, caused by some rumor, unfavorable news article, or prominent figure expressing concerns about a particular market or asset. This can have a negative effect on the price as traders sell their holdings expecting further price decreases. FOMO is the opposite, speaking to a trader’s tendency to get carried away with wishful thinking after seeing positive price action or news, sometimes overlooking fundamental signals in a haste to jump aboard the next rocket ship to the moon.