Introduction

You wake up one morning and check your crypto portfolio in panic, stressed and feeling a little anxious. This is the hard reality when the market hit the bottom of the barrel. In that case, it is better to take a good breakfast before panicking.

The market cannot go up forever and every coin cannot go to the moon; like a train in full motion. Sometimes, we need to come back to the planet earth and the market needs some consolidation.

When the market faces a bloodbath, it is caused by those factors:

People cash out some profit out of the market.

A chain reaction of sell panic.

Coordinated FUD on the market

1- The HODL strategy

This strategy is very simple to understand, whatever happens on the market at any moment you do anything. The true meaning, you hold and keep all your positions.

I wrote a full article on that subject that I invite you to read: HODL strategy

2- Buy the DIP

You make the most profit when you buy on the low and sell high. When a bloodbath occurs, you have a world of opportunity that opens up to your vision. You only need to have spare cash available to buy the coins you like at a bargain.

It is like shopping at the boxing day when you get a full bag of goodies at a better price!

Always plan to have a portion in cash available for the next DIP.

3- Stay calm

I know, it is hard to see the number decrease to the center of the earth, but you need to stay rational. You need to know why you have bought those coins in the first place.

One of the popular rhetoric in the crypto market is you don’t lose anything until you sell. In that case stay calm, and enjoy doing something you like and think about other important things in your life.

Conclusion

In life, we always have solutions for every condition of the market. It is important to never react on emotions and apply rational decisions base on the current situation.

Always important to remember, after every crash, the sun and happiness will come back!

What do you do during a crypto bloodbath?

Crypto Tip

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