The crypto market is facing a moment of profound correction and this is generating panic in many users who have recently entered the crypto market. Welcome to the roller coaster! The market is stingy, unpredictable or rather predictable at some point: everyone expected a surge in the price of Bitcoin, as in 2017 and as also claimed by PlanB's Stock To Flow model, believed to be infallible, until November of this year. , missing the $ 96k forecast.
The crypto market is still essentially small and easily manipulated by whales. When everyone is there waiting for a pump, massive sales cause panic sells and everyone starts selling out of fear of losing their capital. This game benefits whales who can buy cheaper and accumulate even more coins.
How to defend against such an aggressive market?
My many years of experience has taught me that easy earnings do not exist and if someone still believes in them, they should already know that they will lose their capital. Information is the correct approach to this world, as well as in all things. Forget about projects that promise easy money, they are scams. Focus on projects where behind a team there are real faces and people who show that they are active in development and in relationships with the community.
Avoid investing in a single project but try to differentiate. A planned purchase plan is preferable rather than riding the wave of enthusiasm and buying large quantities of coins hoping for some pumps. It is statistically proven that those who play pumps and dumps lose capital at the end, so don't let your emotions overwhelm you.
Finally, investments must be long-term: this means that your investment must not be touched for a medium / long time, miracles do not exist but it is necessary to trust the team in which you have chosen to dedicate money and time.
If you are susceptible to market shocks, it is better to close your applications, better to uninstall them. Go back and look at your wallets after some time and you will probably enjoy a lot of satisfactions. So don't despair if today or tomorrow or in a week the market will still be blood red.
The future is outlined, the blockchain and crypto are here to stay and even the institutions have understood it. If you have the patience and the cold blood to do absolutely nothing in these situations, then you have the right temper to stay in this market.
Only the bravest will be able to see the light!