🛑🛑🛑 Tips for Handling Crypto Market Volatility: Advice from an Experienced Investor
Feeling nervous when your portfolio drops is normal, whether you're seeing a 30% decline over a few months in spot trading or facing liquidation in futures trading. Having started in crypto back in 2016, I’ve picked up a few important lessons:
1. Stay Put: When the market falls, avoid making changes to your portfolio. If you sell during a downturn, you might regret it when prices rebound. In spot trading, you only lock in losses when you sell at a lower price.
2. Think for Yourself: Don’t be swayed by "expert" opinions or follow the crowd. Market predictions are often speculative and unreliable. Remember, markets don’t keep falling forever.
In short, keep your cool and stick to your plan. Success often goes to those who remain patient and manage their emotions well. Also, remember to take profits when the market is strong—these earnings can be a lifesaver during downturns.
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