MANAGING a CRYPTO CRASH - a Steem University publication
Crypto was doing absolutely GREAT last two months; No doubt about that! UP UP UP on the boards, for almost all coins and tokens! How COOL was THAT!?
BUT, then the market started to behave differently the last weeks, with the last two days being the multiplier of the direction our beloved crypto values took...the way down instead of continuing the way up.
For you, I summarised below how to behave in the best possible way, during such drama which is unfolding - in front of our eyes - as we speak.
How are you Handling the Current Events?
in the mean time
ENJOY the ROLLERCOASTER
I love posts that promote careful reading. ; )
Super! I do too! And I do like to create them as well :)
ahahaha nice one!
As the sole 'professor' of Steem University; Still learning everything; I had to bring this message ;)
Glad you enjoyed it! :)
Yup, I'm enjoying it. This roller coaster ride...:-)
NICE! :) Dont do things in the heat of the moment though, emotions shall be looked up when trading :)
Good article
Really?
Thanks for sharing such informative post @edje
You're Welcome
Wrong
What is Right?
Sell all coins except sbd.
How much hit did you take? SBD, well, not sure what direction this one will go, it can come down with a factor of 3 to 4 still.
I got SBD for free. That is SBD Steem backed cruptocurrency. lol I think SBD will skyrocket soon.
Nothing is free :) When you socialise her on Steemit, it is time converted in SBD :) Rocket launch number 2 for SBD, maybe indeed! Seems to trail Steem a little lately, so it came harder down last weeks than Steem did. Time will tell what will happen :)
Good point.
Thank you for liking. You should convert your steem to sbd before it is too late.
Maybe :) Will think about it, still leaving my cryptos like they where before the major crash, will become active again in next days, I think.
Steem and sbd are a bit confusing. I guess sbd is guaranteed for a dollar but it's way above that. It's definitely better to sell on a rebound than the low. lol
SBD was intended to be the equivalent to the amount of Steem rquired for a US Dollar (at least that is what I understand), and the witness have a parameter to try to stimulate SBD sell, or buy by setting some interest rate to SBD. However, this mechanism does not seem to work. That said, we are actually better of with a SBD price higher than 1 USD$, since we now earn more money on our posts. All SBD paid to us does not take into account the higher value of SBD, hence we earn more US$ on our posts and comments when we get upvotes. Lets see where SBD will trend to; It looks like it is kinda on par with Steem value last weeks, and moves in same directions as Steem.
I'm a newbie to the Crypto industry. Just 2 months in but I've been studying day and night. I've learned so much and now I am experiencing the Bitcoin phenomena of ups and downs..wins and losses. Your post pretty much sums up everything I've learned to do and not to do with Digital assets in a crash. Thanks for the reinforcement of ways to succeed because I'm sure there is another coming with the next Bitcoin futures contract ending on 26th.... in Appreciation....H
Could very well be, time will tell, but always: stay calm in times of big movements :) Wish you happy trading and investing.
yep... and thanks for the Wisdom. Very critical in this industry when every second and every click of the keyboard counts. Wish much success to as well and I will stay tuned for the direction in this maze of crypto. Go well...H
Thanks :)