What we are experience now is a crash or we can call it a small bear market. "A bear market is a general decline in the market over a period of time". Since Cryptos is a fast market, I like to call this a small bear market. In a bear market its hard to make money, even to reserve your money. Therefore, after years off experience I want to share my doings when a crash or bear market happens. PS: We won't enter a fully bear market in the crypto world in a while.
1.Nothing goes up or down in a straight line—every bull market is full of pullbacks. However, in order to differentiate between a normal correction and a change in trend, the accepted norm is that a fall of 10% is considered to be a correction. Any correction is a buying opportunity, as it is a dip in the larger bull phase.
2.Among the top 10, five were bearish trades. Every bear market brings along an opportunity to profit on the short side of the market.
3.In case you are averse to short selling, you can still safeguard yourself in a bear market and look to dip buy extreme drops, although you won’t profit as much from the fall as short sellers like my top millionaire trading challenge students and I will!
4.You could increase your cash exposure.
5.Diversification