how do I get rid of the trash without losing? this is everyone's problem
Economista Sincero
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7 things you should do to make money in a bear market:
1- Have LIQUIDITY. Don't spend all your money in one go. You don’t know how much the market might drop or how many days, weeks, or months that might last. Only those with cash can take advantage of the "sale."
2- Don't buy Junk. Any altcoin is junk today. Are you aware that the largest companies in the world are crashing? Nvidia, Microsoft have already lost billions and some people come asking if $DOGE , a memecoin with a dog face, will keep falling. Wake up, of course it will. People are selling century-old companies, $BTC . Do you think these people will hold onto a coin with a frog or dog face?
3- To know what to invest in during a crisis, ask yourself a question: "Do I believe that what I am buying will appreciate over the years?" If the answer is yes, make a small investment and take advantage of the drops. If the answer is no, then DO NOT buy. Now is NOT the time for short-term trading.
4- Don't panic. Don’t sell what you already own (and believe in the fundamentals) at a loss. But also don’t try to average down by buying even more junk trying to guess a bottom.
5- Don’t be passionate about a coin. There's no point in holding onto something you believe has no fundamentals left. Sometimes admitting a mistake and taking a loss can bring you more peace.
6- Seek protection: a diversified portfolio, with fixed income and dollars, is essential.
7- Know your profile and risk tolerance to decide what percentage to allocate to high volatility assets like cryptocurrencies. The biggest mistake beginners make is starting with cryptos without having an emergency fund and a diversified portfolio. Many people who understand nothing about the market blindly follow arrogant influencers who speak ill of Ibovespa, stock market, and fixed income, as if only cryptocurrencies matter. Be humble and don’t put all your eggs in one basket, because if that basket falls, all will break.
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