The financial world comes with its high and lows. Even though cryptocurrency has taken the world by storm and have changed the way we really look at currency. In the end, money has always been a risky business. One wrong investment or a market crash can turn things upside down for everyone.
We are afraid, cryptocurrency is no less different. It has been under serious speculation, and rumours of a market crash spread like wildfire on the internet. Even the thought of your crypto freewheeling into an abyss, along with your summer vacation plans can be truly stomach churning!
But, don’t you worry. There are things we truly believe in and there are ways you can survive the storm of a market cash if it happens!
Now is Not the Time to Panic
When you go into a panic mode, you’re just bound to make the worst decisions ever! We’re not just making this up! Even scientific studies suggest anxiety can shutdown certain connections in the brain, making it extremely difficult for the grey-matter (your brain) to screen out the relevant information and make informed decisions. So, if you don’t believe us. Believe the science!
Advice Time: It’s better to sit and lay back before you make any decisions to buy or sell. Don’t let your emotions run you over and disrupt your ability to make sound decisions. Pretty please?
Hold Your Horses on the Refresh Button
Stop obsessively refreshing, it will get you nowhere. It’s obvious isn’t it? But, yet it had to be said. Why you need to stop? There can be cognitive biases, positive or maybe negatives one as well. Constantly checking your cryptocurrency portfolio just reinforces the information you already have and further solidifies the decisions you’ve already made up in your mind. It can be dangerous because you might see right across what’s in front of you!
Advice Time: Go out for an ice-cream. And, hey listen? Leave your damn phone behind as well! It’s probably exhausted with all that constant refreshing!
Time for Some Zen
Whatever you thought you have or could have, it’s not real. It’s all in your head! Maybe, whatever you had is gone. But, don’t you think a market crash can be a great opportunity to engage in some Zen time? Maybe you had plans for the summer or a new investment. You can still have all those plans. But, at a different time of the month. You will just have to wait and make them possible when the market picture is much clear. You haven’t lost a leg! Just be cool and go with the flow!
Advice Time: Think of other important things in your life, other than money. Maybe that date you’ve been planning to go on for a while. Go out and out try the new restaurant everyone has been talking about. Anything would do, literally!
It’s Not All About the Money
You’re damn right, we’re all in it for the cash! A market crash can be super demotivating. However, there are other reasons you need to remember my friend. We’re here because we believe in decentralized technologies and the democratization power that comes with it. We know this ground-breaking technology can save the humanity! We have hope for a completely new internet, fair voting systems and companies that enable us to rethink some of the biggest problems faced by the society (we’re talking about climate change. You know it’s very real right?)
Advice Time: Keep reminding yourself, this technology is more than just cryptocurrency. It has the power to change the world and it’s not going anywhere. It will be here today and tomorrow.