👨💻 Today we woke up to a big drop in the crypto market where Bitcoin and most currencies have fallen more than 20%.
• But why is all this happening?
All of this is happening for several reasons, one of them is the Federal Reserve's decision on the interest rate. And the other cause is the fear of recession. These are the two causes that have caused the market to have such a powerful decline.
• What do in this situation? (My strategy)
In my case, the first thing I do is stay calm and carefully evaluate the market to look for a cryptocurrency that has a good entry price. So far I have bought ETH, ZK and MATIC.
Tips to avoid losing control in this situation:
Avoid making impulsive decisions based on fear. This advice is very important since many people lose their money because of this.
Bet on the long term: Long-term investments tend to resist market fluctuations better. Stay calm and trust your initial strategy.
Have an exit plan and an emergency fund. Being prepared for the worst will help you better handle any adverse situation.
And remember, crises also bring great opportunities.
