Where you here during the last crypto market crash? How did you survive that period? Please share a tip or two?
It becomes very hard to maintain one’s morale during the hard times. Hard times are part of our life. We cannot live a life which is totally free of uncertainties and ups and downs. There is no set formula during the financial crisis like this. Many times share and stock markets crash and people loss profoundly in those events but they don’t lose heart. What else one can do? I have never seen such a cryptocurrency market crash before this time because I joined this market very late but I have some experience with stock market which could be used in this market situation too.
I think when the market is crashing and everyone is selling madly, hodling is the right strategy. If one has a confidence that cryptocurrencies are not ponzi schemes, then one should also be hopeful that crypto price will also rise one day, if they had dropped considerably. It is also not profitable to sell your crypto asset much below its buying price. So, nothing can help in this situation, except positive attitude, sound patience and keen vigilance.
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