Everyone can see that the market is down... That's easy to see.
Let's discuss some ways that you can manage these losses.
- Turn off your computer. Go outside and think of other things. This is the easiest way to manage. Don't let fear rule you.
- Make some residual income, lending some of your coins. This option is also incredibly easy.
- Make a lot of money shorting the market. Essentially, you're betting that the market will continue it's downtrend. Hint: it most likely will until Bitcoin gets its shit together.
- On days like today, you could buy and sell on these swings. Support is trying to fight the resistance and that can lead to some beautiful swings in the market.
Figure out what's best for you in this bearish market and go with that option. If any of you have better options for how to survive this, let me know in the comments!
Cheers,
@clayford08
Bought some more :)
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Excellent! Here's to hoping for quick returns.
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Great advice.
Swing trading is an art I don't master at the moment.
So I will HODL... and wait for the market to come back
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That is an excellent strategy. I'm doing a mixture of that and options 3 and 4 above.
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Lol... I think staying away from price charts till August should do the trick... unless you wanna buy. This would be the best time to buy. Lol
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I left that option out because I'm not quite sure if the market has hit the bottom. Buying in before the bottom can lead to further stress. Thanks for reading!
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Hehe... I get it. But the thing is, we never know what is the bottom. If we wait too long, we may miss out on a great buy :)
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Thank you for the excellent post - Sage advice indeed!
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Thank you very much for the comment!
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by clayford08 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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lol
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That's option 1.5 I forgot to add it to my post. Thanks for reminding me! ;)
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:) its time for shopping coin
great opportinity to invest
thank you
following you
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Thanks for reading!
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