Crypto Market Free Falling...Are You Trading Money You Cannot Afford To Lose???steemCreated with Sketch.

in cryptocurrency •  11 months ago

It's interesting to wake up to a free falling crypto market today and the top 10 coins are bathed in red today.

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Majority of the coins are showing double digits decline except for Ethereum who is holding just a ~4% drop. It's easy to be sucked into the crypto hype and invest your hard-earned income and savings into cryptos that solve no real world problem.

Some people might be tempted to time the market and get in when there's blood in the waters. Should you really add to your position or should you just wait it out? Whether it's crypto, real estate, or starting a business, make sure you are not losing money you cannot afford to lose in the short term.

How well diversified are you? Are prepared to see a huge volatility in the crypto markets?

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buy the dip!

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apparently the cryptos that are providing real world solutions are holding strong, ie. ETH. Yeap, buy the dip if your conviction is strong.