Here is my list of thing to contemplate when the crypto market crashes around you.
Firstly, DON'T PANIC.
That's the second, third and fourth thing too.
The fifth thing to do is to remember all the cool stuff about crypto:
- It's truly global. It's everywhere where the internet is
- The whole thing is exactly the same as it was a couple of days ago, and worth seriously more than it was only three months ago
- Yes there will inevitably be proven to be some scams and shitcoins (to use the common parlance) - but there are many, many worthwhile ideas and proven technologies starting to blossom
- Crypto is a game-changer across a number of economic sectors and human endeavours:
*Communications and Information Technology - ICT
*Finance
*Community Building (don't believe me? Have you looked at steemit recently? I mean, really looked? And what about SmartCash? Now that coin is enabling some serious community building projects)
The sixth thing to contemplate is that regulation of crypto is evidence of its success, and tighter regulation of the crypto space is inevitable (and will, in my opinion, pave the way for truly global adoption of cryptos).
And lastly, a FREE bonus number 7: while I'm no financial advisor if you're a wee bit bullish, red means opportunity.
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Photo courtesy of pixabay.com
