What to do in volatile crypto market?

Cryptos are inherently volatile. They have been known for their instability since their inception. If you review the prices of Bitcoin since its inception and review each of its candles, you will certainly understand how its price fluctuates. And we know Bitcoin is the father of other coins. And the most interesting thing is that all the coins follow Bitcoin in terms of price fluctuations. However, we sometimes see that when the price of Bitcoin increases, the price of other coins increases slightly, but when the price of Bitcoin decreases slightly, the price of other coins decreases much more than that. It can be seen that if the price of coins increases by one time, it decreases by two times in case of decrease. Anyway this situation is not new but what we should do in this situation is important. If you cannot control your position in this situation then today's article is for you. And today I'm going to write something about what we should do when the market becomes unstable.

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I think firstly if the market becomes volatile we should be patient. There can be no alternative. Because we have to remember that there will be crypto market volatility and whoever can be patient in this volatility will get a good return at the end of the day. Sometimes the market becomes unstable due to various reasons and it is not possible to say exactly which direction the market moves at that time. So at that time I think the most important thing is that you patiently observe the movement in the market and know the reason for this news very well. Then you can extract a good quality profit from that market if you know the reason why the market started to become unstable. If the market moves upwards, the value of the coins you hold will increase and you will profit from it. But if the market moves down then you either don't be patient or re-enter the market.

Secondly, I would advise you to always keep some stablecoin free with you so that you can re-enter when the market takes a minor correction. The reason is that sometimes the market suddenly dumps and quickly recovers from that position. So if you can buy back the coins from that low position then you will make a good amount of profit in a short period of time. But in this case, when the market goes down, how much it can go and where you take the entry, it is safe for you to review beforehand. Because sometimes even small fixes can earn you money if you implement them correctly.

When you have no stablecoins free but the market moves down you should not sell any coins at a loss. If they are of a good quality project. And most importantly at that time you stop looking at your portfolio. At that time you study about crypto. Try to understand why market dump or pump. Try to learn different strategies and especially learn to review the candles well and know where the support zones and resistances are for the coins. That is, try to educate yourself in crypto and it will stand you in good stead at the end of the day and you will ultimately find yourself in a good position no matter what direction the market moves. Hope this post of mine will be of some benefit if you read it. And what are you thinking? You can share your opinion about that with me.