Simple Thoughts For Those Struggling With The Bleak Markets

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  • This isn't easy but don't lose hope. The storm will eventually pass.

  • Lean on your communities. Leverage relationships, make new ones, and cope together.

  • If you're doing ok, God bless you, and go pick up some of your friends.

  • Don't second guess or fault yourself if you didn't take some profits. Equally as important, don't make emotional financial decisions to compensate.

  • You only lose when you sell. Reserve this for emergencies or emotional health if you can't separate the two.

  • Jump all over decentralized finance applications and generous chains like Cosmos which regularly issue airdrops that provide lucrative ROI opportunities.

  • Get your crypto to work for you. Grow funds via staking or liquidity pools at high APRs to offset temporary paper losses. They'll make a recovery that much sweeter.

  • Find the fire to capture prices you thought you'd never see again as a long-term investor. Don't have funds? Make them. Don't know how? Innovate. "You miss 100% of the shots you don't take." - Gretzky

  • Time in the market is usually better than timing the market, but that doesn't mean that you need to be fully emotionally invested in the market.

  • Step away from crypto for a while and recharge. Your tokens will be there when you get back and are recharged to attack the market again.

  • Oh, and you probably shouldn't try to become a professional short/swing trader during extreme volatility...


I'll save some thunder since this could take weeks, months, or years to recover from. This is the nature of the game we've chosen to play. The patient and determined will ideally thrive when this un-bearable storm passes.

Despite being entrenched in the blockchain space for over 5 years, I'm not immune. My solution is turning back to my passion for recycling, getting in top physical shape, and drumming. My new neighbor below will be thrilled.

Please add something from your camp below.

Thanks, and hang in there.

Matt

The dawn of our financial revolution is darkest before our day ultimately comes.

Simple Thoughts For Those Struggling With The Bleak Markets | Ecency