Everyone is happy with the current market situation where bitcoin was trading above it's recent all time high at 73k dollars. The greed increases in people as we see the market moving upward without correction and that is why a correction is also necessary. The market saw a dump and we are currently at a 10% price fall in bitcoin and entire crypto market.
I think the panic is not yet started even though I can see some getting panic asking what to do and that is why I asked them to not panic and be prepared for the panic phase of crypto market where we will be made to believe about the false market perspective. The halving is also near and if things start to repeat then a dump near it also what we all must be ready to face.
Here is how we can prepare ourselves for the panic phase of the market. Before that I will share this with everyone, I think that the bull market will stay with us for three quarters of the next year which means it will be around till the month September. bear market stayed around for four years and so don't get in the trap where social media is promoting the end of the bull run which is just getting started.
So here is what you must do,
Hold good coins and don't sell them in panic.
Monitor the global crypto market cap and compare it with the last one.
don't chase the pump or dump.
Ignore the market and buy if a big dump comes in.
I hope there will be a additional research of your own before you follow what I share as I am not an expert nor an financial adviser. you can create your own ways to survive the panic phase and if you are someone who survived the bear market then most probably this panic phase will going to be a lot easy for you but those who are new will definitely have a tough time as they will see a lot of things happening for the first time.
Thank You
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You shared good tips,
I've 100k hive coins but last month I sell 5K in panic situation when price was 24.50 INR but now price is high, but sure I'll again buy more coins when it will go down