Strategies to Avoid Panic Selling Your Crypto During Market Cycles

One of my Friend told me He sold all of his crypto last night when the market was crashing but the next Morning, Prices start to pump and he got nothing expect loss. This is the common story of every panic seller. Lets Talk about how to avoid panic selling during the extreme market cycles.

Volatality is Normal for Crypto

Crypto market is well known for its volatality. Prices suddenly moves up and down. So this is not normal to panic every time when the market goes beyond your expectations.

Dont Panic During Market downtrend

Downtrends are completely normal. Sometimes prices take corrections. This is healthy. Lets assume if the prices only went up then there would not be any risk or reward. Everytimes downtrends brings many buying opportunities. Its better to wait for market correction for juicy entries in Altcoins

Only Invest what you can truely Afford to Lose

Many times you have listen this sentence. Never invest those money which you cannot afford to lose. Hers is a secret, Suppose if you invest $100 dollars which you rely on each month. if the market dump then you do not have any other option to sell your crypto at lower prices to cut your losses.

But if you have spare funds to invest and market get crash then atleast you can hold it for couple of days even months.

Focus on Long Term Results.

Imagine if you invested in bitcoin in 2014 at the price of $250 and now in 2024 when the price of bitcoin is $60,000. How much have you earned in 10 years? Infact this could be a great achievement. Now imagine if you are going to sell any strong crypto coin in market crash at lower prices. what would be the price of that specific coin within few months?

Use a Dollar cost Average Strategy

DCA startegy is very useful in crypto trading to avoid panic selling. Buy the altcoin in every possible dip to get good average price

Talk to Others.

Do not afraid to talk with your buddies or experts who are experienced and successful in this field. Share you experience with them and seek their advices.