Tips To Survive The Dip #1: Stay Away From Debt.
Debt, Loan, Borrowing - whatever it is call, stay away from them for now.
Today @ned made an announcement on the current situation at Steem Inc and talked about having to lay off a couple of workers to cut down on the cost operating Steemit Inc.
It's time for us ourselves to work on cutting down on a lot of cost consuming activities to be able to survive the dip especially for those who are totally into cryptos.
Stay away from debt as much as possible. None of us know how deep and how long this dip will go. You will have a lot of temptation to buy things on Credit with the hope that cryptos will increase a bit in value for you to sell a few and sort out debts. My advice would be only consume what is absolutely necessary and stay as much as possible from debt.
Things will be better, I am a believer in cryptocurrency but I won't engage myself in debts and activities that will only result in making me worry a lot more in the next few days.
Things will get better, the market will turn green and the bull will run again but till then, stay on the low.
Correct. The people that best survive economic down turns are those that cut expenses quickly and avoid debt. They conserve resources to take advantage of new opportunities.
Thanks for your input. I believe many will be able to survive the hard times he they listen to this.
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