Cryptocurrency can be all exciting, when making profits, your tokens and coins rising like they are angels in the sky. It could almost seems like a dream until everything starts to go bloody. You open your trading app and it seems like the red carpet would never end, it goes on for more days than you expected or even weeks and you start to wonder if you made the right choice of going into cryptocurrencies at all. If you didn't know, Bitcoin wasn't always the perfect coin, it was once $31 in 2011, $1153 in 2013 and for it to be at $35000 now it should reassure you that your money didn't disappear into thin air.
The first thing you need to do is breath, no cryptocurrency isn't a scam and no your money didn't disappear into thin air. Perhaps people are starting to make jest of you for going into it and you being new and naive you are falling for it. The market is simply going through a phase that will help it rise even higher than it's previous peak. It is important that before you start trading you read as much as you can on each coin and token and even the market in general so you can have a better understanding of things happening in the market. Most people that panic didn't take their time to understand the market and that's why they are going crazy over how worthless some tokens or coin have become.
Secondly you have to buy as much as you can. While the bearish run might seem like it may never end it is an opportunity you must make the best of. If you can't buy the king of coins, you can buy other altcoins that have proven their worth over time or even BNB or Ethereum. Most coins are currently at low prices or even half their previous prices and so you don't need to do the maths before you understand what this could mean in a couple of weeks or months.
You could also take extra trading classes. Instead of starring at the red carpet that would only make you even depressed you should return to those crypto classes you put on hold. If you didn't have enough knowledge before this is the time to become an expert. Read as much as you can , practice and learn from people that are older in the field. That way you would have more knowledge and experience before things starts to go green again. You wouldn't be making the same mistakes you made in the past which made you loose money.
Another important thing to do is HODL your coins. A lot of people out of fear and little knowledge rushed off to sell their coins thinking they are reducing their losses. Sadly they are still loosing because when things starts going green they would miss out big time. The best example is Bitcoin Pizza Day, it started May 22nd when a Florida man paid for two pieces with cryptocurrency. He bought 2 pizzas for 10000 Bitcoin which is worth over $80 million today. Trading cryptocurrency requires patience and risk which you have to learn to master.Some people still manage to trade during the bearish run although it can be quite risky but then that's what the entire space is about.
