How do you deal with crypto market volatility?
Markets are volatile and you need to learn how to deal with the fluctuations 🤔
In this thread, we will give important tips to control your thoughts and money in volatile markets!
#CryptoNews#Bitcoin#Ethereum#Blockchain#Investment
Tip #1: Be careful but flexible 😌
Don't be afraid of the markets and don't lock yourself in them completely, but you have to be careful and distribute your investments correctly.
* Invest a little in safe assets.
You can invest in digital currencies, but be careful with the strength of the currency project!
Tip #2: Use smart hedging 🛡️
* Hedging means using investments that are opposite to each other, reducing the risk of losses in the markets.
Tip #3: Use the Dollar Cost Average (DCA) method.
- Invest a fixed amount of money in certain assets on a regular basis.
- It makes you buy more when prices are low and less when prices are high.
- A useful way to trade cryptocurrencies and stocks!
Tip #4: Focus on the fundamentals, don't follow the herd!
- Don't listen to every news or rumor. Focus on analyzing the assets you invest in, look at their profits, revenues, and indicators that show their value.
- Understanding the markets is better than following every rumor!
Tip #5: Have a plan to exit the market, don't be afraid to sell!!
- Before you enter into an investment, make an “exit” plan, know when to sell.
- It may be when prices reach a certain level, or better opportunities appear.
- Do not hesitate to sell, the fear of losses is greater than the losses themselves!
Tip #6: Take advantage of technical analysis 💡
- Technical analysis helps you understand the markets in the short term, taking advantage of price patterns and trends.
- Use indicators such as the moving average (SMA) and the relative strength index (RSI).
Tip #7: Focus on long-term investing 🔭
Markets change and recover from crashes.
- Long-term investment is generally better.