Disclaimer: I am not a financial adviser

It is self applied evident that the market is crashes. Some have even referred it as the bubble popcorn. They claim it was due to come about since the major coin, Bitcoin, did not have any real value connected to the coin. What drove the coin up, was absolute speculation that the demand can be higher at a future date, hence an immediate increment in the price.

This was in opposite as to how normal stocks in the stock market do the job. Each stock pick is linked to the value of a company. By way of example, the price of Amazon.com shares did a recent pump when it was declared that the company ended up being getting into healthcare.

Let me often be blunt. There are only four things one can do when the crypto market place takes a nose dive.

  1. Sell all of and count your losses
  2. HODL together with wait till the market recovers
  3. Play with the industry to accumulate more of the desired coins
  4. Buy additional coins and tokens on a lower price

Option one is a very tough decision to make. The market provides lost approximately $44.2 Billion of the $200 Billion it experienced at the peak of its cost. This means that the value of all the cash and tokens in blood circulation has dropped approximately 24.1% in value. Some money have been hard hit and nose dived a whopping 82% using their company peak value. This huge example can be seen when you evaluate Ripple (XRP) at its top of around $3.80. The expression is now trading at $0.67.

We have all accrued losses using investments. This might be one of those times that we have to bravely accept that our Lambo dreams will never manifest. Cashing out seems like an option. But it really would have been better if we experienced cashed out when the FUD guiding South Korea regulation started to can be found in the crypto-verse. At least our loss would not be too high if we had sold out concerts during Christmas.

But as I said, most of us shall experience financial damages with time. We just have to chew the bullet and study from this whole experience. Every great entrepreneur or businessman, provides a moment in their life where a amazing loss, become an eye opener for them. One such example is where a young Richard Branson had came up a way of evading sales tax in great britain and France only to become caught, jailed and intensely fined for his sensible decisions. The man now is a Billionaire beyond our craziest dreams.

The second course of action throughout these trying crypto times, is the alternative on each of our minds; to only HODL on to the coins and wish the market will bounce back in a very month or two. This method is a really a d0-nothing approach. It is the least complicated of the options we have.

The next option of coping with the strains of a market correction, will be to play with the dips a person coin at a time, and amass more of the coin. For example, should you sold 1 LTC at $164 and bought back at $112, you would now take over 1.464 LTC. That is a 46% increase in the number of Litecoin owned. This third approach is more or less the never stop attitude I would only encourage the risk taking traders. If you’ve got the risk consumption of a winning player, this one is for you. Otherwise, HODL and wait!

The final options are for those who have some idle investment capital lying about. This is a good time for them to buy. Although, I’d suggest that you observe the market for further falls.

Whichever the option you pick, please ensure that you have thought hard regarding it and made sure that it is the best option.

All and all, this is a very good lessons for those new to crypto trading in addition to investing. We have realized that the word that says,?‘High Risk, High Returns!Woul?is only true when the effect can result in positive.

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