When the crypto markets are falling, we are often confronted with feelings of fear or even panic. We see the value of our assets losing value. We don't react all the same in such situations. What do you do ?
In the context of falling markets, what do you do? Do you go on with business as usual? Do you reallocate your assets? How do you manage your emotions?
Please leave your answer as a comment below this post.
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grab another coffee and move on ... but i can imagine that people that actually invested money in it might be responsing differently.
It's great not to be affected too much and continue with business as usual but I know that for many people it's difficult to deal with it.
i only have a cup of hive rewards that i got over the years from posting my photography , if i would have posted that elsewhere i would have had nothing .
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Mostly nothing. I am waiting for it to go up again. 😎
With !BEER in hand.
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The beer is the most important :-)
Stay calm and patient, coz when it's falling it's hustle and impulsiveness are not the best helpers and you can loose more at this phase.
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That's true, markets don't go down in one single line and we always should take the time to reflect and make objective decisions.
get some drink and laugh at others who suffer more
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Haha, that's a way of seeing it :-)
It's a great time to check if you have too much of an asset. If a crash happens and you start to get anxious it means you'll need to downsize it in the next up market.
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Interesting strategy...
maybe we can name it the Fear Strategy hehe.
Close the app and check back in a year. :)
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That's a good idea to go around our anxiety :-)
Most of the time I do nothing. If I feel brave then I will buy more if the fundamentals haven't changed. Hehe.
I also think that it's yet too early to buy...
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Thanks!
Generally I just ignore it. I may read a bit more about why people think the market is correcting to see if anything surprises me. At some point I will start to DCA into positions that I feel are over sold and worth more than their current value. But mostly I ignore it.
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That seems like a nice reasonable process...
These days, I just go with my day as usual. If I have spare funds, I try to add a bit :)
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Buying the dip :-)
I continue at my usual pace. Sometimes it's difficult to stay calm and avoid getting caught up in the general anxiety, but I try to see it for what it is: something I can't control. It helps to focus on what I have around me that is truly important: health, family, friends, or simply the fact that the sun is shining.
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That's totally true and it can drive us crazy when we put too much attention to it...
I've done what I've always done, continuing to follow my strategy! I continue to pursue my goals, but always with risk management. Diversification is key!
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I like to be diversified but for me it means rather to have things outside of crypto. Most crypto markets seem strongly correlated nowadays...
What emotions? !LOLZ
When prices drop I buy some more of major assets if I have free fiat. Usually have and do.
!BEER
!invest_vote
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Sounds like a good plan :-)
As far as HBD is concerned, for me it is "business as usual." (Anybody worried about the haircut can check the state of play here: https://hbdstats.com/ - it doesn't look too bad!) As for the Hive second tier, I am converting daily earnings into LTC to pay down my crypto loan so that the collateral-to-loan ratio stays in the green. I'm thinking about reallocating by cashing out some 2nd tier assets to pay off the loan completely and borrow again against BTC to reinvest back into Hive tokens from a position of a relatively low BTC price.
!BBH
!ALIVE
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the haircut is something that I try to keep an eye on, especially if the downward trend continues...
A stiff drink does the trick every time! lol
I usually don't worry too much, they always bounce back eventually!
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That's true for a lot of tokens out there...
But not all sadly! lol
Buy the dip! And hope it doesn't dip even more! 🤣
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DCA is the answer to that... buy a bit here and a bit there so that you get a cheap entry price.
Just hold on or if something that you believe will do well when market improves, good to add a little more position
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Good point!
Avoid the panic… worst well to sell but with caution … selling is only when it is up right? Meditation is good and not checking a lot coinmarketcap
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What we don't know doesn't drive us crazy...
I just hold on after making sure that my plan that I used is still valid. I try not to look at the price as it only invites FUD.
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Exactly and FUD is never a good counselor...
Log off and ground myself in the real world. There's much to do over there without much concern for how the market is doing :)
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That's true !
It's my time to buy.
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Time to buy the dip....
Have a look around and see what is doing well and why. There are always things to be doing in the cryptoverse.
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That's a good point. It the plunging markets, you see the ones that behave differently...
Yes we do hehe
Last season I was stacking BTC — and in the end it totally lived up to my expectations. 😄
But the amount was small.
Right now I’m just waiting and thinking about what to buy this time. 🤔
It might be a good Idea to do it again...
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In times of falling markets, I try to stay calm and avoid making impulsive decisions.
I go about my usual activities and analyze the situation carefully before acting.
Sometimes I reconsider the allocation of my assets, but I always try to base myself on a long term strategy.
To manage emotions, it helps me to disconnect a bit and remember that markets are cyclical.
!ALIVE
!BBH
!WINE
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That's a good idea. try to avoid being in the thrall of our emotions...
Depends. If I am on cash (as I partially am now), I want it to go lower so I can buy cheaper. If I didn't sell at the right time(s), I guess I'm riding it down and then back up again.
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Sounds like a nice strategy :-)
I'm in the phase of learning about crypto. That's the mechanics, not as an investment channel. As such, my reaction is to reaffirm my belief that crypto is not a suitable investment for me. And I carry on playing regardless 😁
!BBH
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It's not bad to realize that...
you might want to check your witness votes , i saw your name at a witness that is no longer active ;)
Thanks, I will have a look at it. I manage about 27 accounts, so it's tricky to keep up to date lol
use one account as a proxy will make it easier for you :)
That's sounds like a good idea :-)
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