Steem and other cryptocurrencies have been on the receiving end for week from haters, fuders and people who want to maintain their monolpolies-this led to panic sellers selling off at dumping prices and bankers /top financial traders (who caused the FUD) secretly buying the dip. Recently, however, according to coin market cap, we are seeing a bullish crypto´s market - which shows that all hopes are not lost and crypto´s are here to stay. Conversly, it is possible that we will see some down turn ( which is ok because anything that goes up must come down and vice versa )-here are some few points:
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Take some profits and diversify: buy when others are fearful (dip) and sell when others are greedy ( take some profits and hodl the rest) . Importantly, look for a good undervalued tokens-example is Ethereum Lyte (see white list section of www.elyte.tech) and diversify (never lay all eggs in one basket) see my last post here for details on this topic
Remove emotions: when things are not going the way we like it, we should not panic, rather understand that things will not always go the way we like it, therefore remove emotions. Reason is that being emotional leads to bad decision because we allow fear or greed to take over our senses. Do you know that many folks buy high and sell low? The issue with this strategy is that you can actually lose all and go bankrupt when you could take a big breath and chill because your steem , ETH, EOS or bitcoin will always bounce back better-if you think in the long run.
Strong united community: Crypto success lies on you and me (all of us) being strong and united against fuders, scammers and haters of Cryto´s. These hate come from Facebook, Google, Twitter, central governments, banks, gold investors etc and these folks do not want to see the masses succeed like them. However, they give up (and will always try again) whenever they see our counter attacks through our vlogs, article and TV interviews. Reason is that , no one can destroy the power of crowd that supports a new disruptive technology (Blochchain ).
Do you agree? Send in your comments . Resteem in order to reach more people and upvote to send in your support.
Click here and read my former post:Why You should not Invest all your money in One Coin (Steem, Bitcoin, Ethereum ): Diversification + Patience are important
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