seeing red?: the crypto market is bleeding again. what to do?

in #cryptocurrencies7 years ago

today is bad day again for crypto traders

the market is in red today and prices of crypto dropping rapidly.in that condition what to do? there are too many traders suggest you hold your crypto and wait for the market rise. but I think it's not a good idea in this condition because the whole cryptomarket is unpredictable nowadays. you should think different in this serious condition.
vcv.PNG
image source

1. keep eye on the current market condition

you should keep an eye on the market and look for the coin which is stable.
when the market dropped one or two tokens or coins always be in a good stable position
pick that coin or token to save your money.

2. always pick token or coin with low market supply

yes, this very important move in the market to make the profit and safe from decreasing of cryptomarket
when you pick a less market supply coins or token it will reduce the chances of money loss especially when the market is bleeding.

3. don't try the luck

what is this? let me explain you. when the market starts dropping a large number of peoples start to try their luck they sell their crypto if dropping and they start looking for new one and buy it. and they hold for few minutes and sell again they change their mind too many time in a single hour actually they try their luck and think that any magic will happen and they will make money, but this not good for them. always pick a right action to do or wait for the market rise up.
I hope you got my point.

God bless you

thanks for reading my post

follow me @atifaman

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by atifaman from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at 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 would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Congratulations @atifaman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!