HOLD SPOT IN DOWNTREND SEASON?
1. Take advantage of accumulation opportunities:
Downtrend is an opportunity to accumulate cheap coins and improve knowledge. However, not everyone realizes this opportunity, and most of us often feel discouraged when prices only go sideways or decrease.
2. Diversify investments:
To minimize the risk of loss, diversifying your investment portfolio is an effective way. However, you should focus on top coins (such as BTC, ETH, BNB) or coins with long-term development potential. Because not all coins can overcome the downtrend.
3. Average price:
Averaging the price during the downtrend helps optimize profits when the market returns to an uptrend. Instead of just buying at a single price, take advantage of many different prices to gradually accumulate assets.
4. Maintain a stable mentality:
In any market, maintaining a stable mentality is important. Avoid letting emotions dominate investment decisions leading to undesirable results. A stable mentality will help make reasonable long-term decisions.
5. Accumulate assets:
Downtrends often come with risks and pressure, but they are also opportunities to accumulate more coins at good prices. Take advantage of these price drops to increase assets, preparing for the market recovery in the future.