Every crypto trader’s worst nightmare: the market collapsing. The streets are covered in blood. Everyone is in a panic.
So, what are alternatives ways you can do?
Lessons from the the 2018 cryptocurrency crash
Market crashes are inevitable when it comes to investing, markets, and market cycles. All markets collapse at some point: the stock market and of course the crypto market (sometimes at the same time, as in 2018). After a meteoric rise in 2017, Bitcoin’s price plummeted by about 65 percent in the month of January to February 2018.
It’s frightening to ask what a crash means — and what to do in the aftermath. Fortunately, when it comes to determining what to do with your crypto assets if the price falls, the previous crypto market crash may provide some context and guidance.
HODL
It’s sometimes better to keep calm, do nothing, and hold. In the crypto industry, volatilities are inevitable. If you make good investments, handle them well, and stay in the market, you will be effective. So, while a drop can be frightening, it doesn’t always mean you should respond.
Re-adjust Portfolio
You might want to wait until the market has stabilized before doing this. Diversification is widely regarded as critical to investment performance.
Evaluate your assets to see how they’ve been impacted after the market has stabilized following a decline or tumultuous period. It might be time to restructure your portfolio if you notice areas of weakness or strength — as well as new investment opportunities.
There are several staking platforms you can use to keep your investment portfolio gaining. As a result, your crypto asset will gain money while it is locked in your wallet. Binance, Coinbase, and SnapBots could be the best staking platforms.
Exit to Fiat or Stablecoin
If you’re worried about the price falling, you should start converting your cryptocurrencies to fiat currencies or stablecoins to protect yourself. We find a multitude of fiat currencies, as well as USDT and USDC stablecoins.
Go Short Cryptocurrency
A crypto market decline can be terrifying — really terrifying. However, if the crypto market collapses, some of these concepts could come in handy.
What’s your strategy for coping with market crashes?
However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.
