How to Survive and Thrive in a ‘Crash’

in #crash7 years ago (edited)

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Ok, so I’m pretty new to Crypto. Hence I haven’t even earned $0.01 on Steem. As the infamous Suppoman would say ‘Smash up the LIKES peeps’

So having been in Crypto 7 months and having 2 mini heart attacks in September and over the past few days. I have learned an important lesson. DONT PANIC, when all is Red it’s in our instinct to sell, Red is Danger, we look for Green everyday on the charts to justify our investments. But the Veterans and Experts don’t Sell, they Buy. Usually there is some big FUD (I had to google that a few weeks ago) then the market starts to go down, the the whales (also googled) 🐋 sell there huge positions, causing more panic, the market goes down 30% - 40% the whales, vets and experts by back at this point (Fibonacci Retracement) and then make their massive gains and buy Lambo’s. So as this usually happens every 3-4 months, save some (fiat) cash and buy on the dips. Then send me some steem lol 🔥