There are people who are complaining because of the mild market crash that happened few hours ago. However, here is what you need to know in order to stay afloat and keep making profit.
- You need to take a significant drop in a coin's value as a blessing rather than a catastrophe. Why am I saying so? A significant sharp drop is equal to a significant drastic pump. This means when a coin decreases in value, be quick to buy more especially if you did your research well and have hope in the coin pumping in the near future. This way, you regain your losses quickly with any slight pump as the coin tries to regain its initial market price. Personally I take a drop as a discount when buying items in an online store. This has helped me create wealth.
When you convert your crypto into a stablecoin, you end up buying the same coin at a higher price compared to the conversation price. This is because you will buy it once you see it rebounding and the price will be higher.
Avoid #Fomo and look at price dumps as an opportunity. I hope someone learns something today.
Happy trading everyone.
