How to profit during the crypto market crash!

The price of Bitcoin is currently skyrocketing. As if the price of Bitcoin is increasing day by day, in the last two days, the price of Bitcoin rose to a new high near 1 lakh 5 thousand dollars, creating an all-time high. But the sad thing is that the price of altcoins is not increasing as much as the price of Bitcoin is increasing. Our perception or expectation is that Bitcoin will grow at the same pace as other coins but the reality is different. Many times it is seen that the price of Bitcoin increases while the price of altcoins decreases at that time. Many times we take entry into the market for that reason and from that position when the price of Bitcoin starts to fall, we see the price of altcoins drop hugely and we face huge losses.

source

When we take entry in the market many times we take wrong entry. When we buy a coin it is seen that the price of the coin goes down instead of increasing. And the biggest mistake we make is when we buy coins, we buy them with full money. The most stupid thing we do is we don't keep any free stablecoins in our hands. As a result, when the market dumps, we don't have any free dollars and as a result we face huge losses. However, we have to do money management and that's why we must use the time when market dump or market crash and if we can do dollar cost averaging at that time then we can make good profit from that.

But a misconception we have is that we think that the coins we buy will go up and the price of the coins will go up as the price of Bitcoin goes up. And our biggest assumption or desire is that the price of the coins we buy will continuously increase. The price of these coins will not go down from the position we buy from but will go up and up. But we know that any coin will have a maximum price increase but from there will come a dump which we know as market correction. Moreover, sometimes the market crashes for various reasons. At that time all the coins are seen to fall in price so that opportunity must be exploited if we want to profit. When the market takes a crash, we must take an entry into the market.

But we cannot always keep an eye on the market. So what I think is realistic is that I rate the coins that I buy at one time as a buy. Then when the market crashes, when all the coins drop in price, all of a sudden the coin I rated to buy is bought. But another thing is that if we look closely, it can be seen that when the market crashes, the prices of the coins suddenly fall, but the prices of the coins rise again. During this time it can be seen that the price of the coins decreased and the price of the coins came back to the previous position. So it can be seen that when the price of the coins drops suddenly, if you can buy the position then overall a good profit can be made from here. In this way, it seems to me that if these opportunities are used, the most profit can be made from here.