I am not different from others. I am writing regularly on Leofinance and Hive, trying to give ideas to people who buy the dip, hold your coins, and don't lose hope. But deep inside, I feel the same as others. It really doesn't feel good to see my portfolio down by almost 60%. And it keeps drowning.
*[Source](https://www.financemagnates.com/cryptocurrency/news/cryptocurrency-market-crashes-after-bitcoin-drops-below-39000/)*
If this is going to be a crash like 2017, then maybe we have to wait for years to see the rise of the market again. That's a very long time to wait, and not everyone is going to feel good about it. Especially those people who didn't do proper money management and invested their life's earning.
This is the reason experts always warn people not to invest everything in stock or the crypto market. But I wonder how many people can follow that rule. Not many, I guess!
So if you are in this situation, then I think you should check the following aspects that I am also trying to follow.
Embrace The Truth
At first, accept the truth that you can't do anything about this market crash. Whether coordinated attack or manipulated market crash, you and I have nothing to do except watching. So it's ok to be sad, but don't be depressed because you're not alone in this worst journey.
Almost every trader is facing the consequences of a lousy crypto market. Even some trader's situation is worst who bought at high. So, you're not the only one who has a bad portfolio. Being in tension won't fix it, so better embrace the truth and move on.
Set Your Target
At this bear market, I will suggest you take a leave for few weeks from trading. But before that, set a parameter for your holding. I mean, put a "Take Profit" for your crypto so that you can book the profit even when you're not around.
I have Hive, XRP, XrpBulls, BTT, Hegic, and Matic coins in my holdings. I already set "Take Profit" or set the limit where I want to sell my holdings. Because I will take a long break from trading, I want to book my targeted profit while not trading.
Suppose you bought XRP at $1. Now XRP price is around $0.70. After doing analysis, you can set your sell target to $1.50. Because you won't be watching the market for few weeks, and you need to book profit automatically while you're not around.
Take A Break
This is important! Looking at your portfolio 100 times a day won't change your equity. So better take some weeks off from trading. We also take a vacation from our day jobs. Then why not from trading?
Take an extended vacation and pass quality time with your friends and family. Watch movies, go to the park, eat at various restaurants. The point is to enjoy your life. There's no point in thinking about things that you can't change.
And believe me, the market will eventually reverse again in the future. And you'll be happy that you weren't depressed like others during the midtime.
Do Other Works
In my judgment, no one takes trading as the primary source of income. I believe you have other jobs to do. Maybe you have a day job, or perhaps you have a business. Try to earn money from other sources. Try to focus on external sources of income.
And I believe that when you have money in your hand, your mind will be relaxed. So don't just cry on the crash market; focus on other sources of earning some bucks.
Think About your Near and Dear Ones
There is more to life than getting rich off the crypto market. Don't forget your depression may affect your family. So, better you do whatever you can to remove your depression and move forward.
Happiness matters a lot. Be happy and stay focused!
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