Hello hello Hive fam it's @tengolotodo writing today for @mmonline.
Market Crashes!
It's Tip Tuesday, and today we're tackling a topic that strikes fear into the hearts of even the bravest HODLers: Market Crashes!
I am sure you have seen Bitcoin dropped under 100k and HIVE well it just barely stayed about the dreaded 9 cents!
Who knows what will happen next, but first I want to remind some of you are new to market crashes, and trust me this is not yet a market crash ...
you only lose money when you sell.
Just remember that first and foremost!
You've seen the prices and your stomach drops faster than Bitcoin on a bad news day, and your finger hovers nervously over the "SELL EVERYTHING!" button.
Trust me .... We've all been there.
It feels like your digital wallet has sprung a leak, and all your hard-earned gains are currently being used as kindling for a very expensive bonfire. It is Bonfire night in the UK tomorrow after all! Was this just a prelude to that hehe!
🌬️ Take a Deep Breath (Seriously, do it!)
First things first: Breathe. Seriously, take a slow, deep breath. Your heart rate might be trying to set a new land speed record, but panicking is precisely what the market manipulators (or just plain bad luck) want you to do.
Remember, the market is a fickle beast; sometimes it roars, sometimes it purrs, and sometimes it just decides to take a sudden, dramatic nap. Do you really need to sell?
🧘♂️ Zen and the Art of Not Selling Low
I will say it again.
The inconvenient truth: you only lose money when you sell.
If you panic-sell every time the charts look like a rollercoaster designed by a madman, you're essentially buying high and selling low – which, as we all know, is the wrong fluffing way round!
Think of it this way ... your portfolio isn't actually "down," it's just "on sale."
Imagine seeing your favourite pair of shoes or that iphone you've been eyeing suddenly hit 50% off. You'd probably be fluffing dancing, right? Well, sometimes crypto is just giving you a second chance to average down or grab some quality assets at a discount. (Disclaimer: Always do your own research before buying anything, even when it's "on sale"!)
😂 Embrace the Memes
Sometimes the best coping mechanism is to lean into the fluffing ridiculousness of it all. When the market is bleeding, the meme game in crypto communities is usually on fire. Find some solace in the shared misery, chuckle at the "we're all gonna be poor" jokes, and remember that you're part of a community that understands the pain.
Misery loves company, and sometimes that company comes in the form of a sarcastic meme.
🚀 Zoom Out (Way Out!)
Finally, zoom out on those charts. Instead of looking at the last hour or day, look at the last month, year, or even five years. You'll often see that even the most dramatic crashes are just small blips in a larger, upward trend. Perspective is key. Unless you needed that money yesterday (and if you did why are you investing in crypto!), a momentary dip is just that – momentary.
So, the next time the market tries to give you a heart attack, remember these tips. Stay calm, stay informed, and whatever you do, try not to sell your future Lambo money for a bag of crisps.
Your future self (and your blood pressure) will thank you!
Posted Using INLEO