End of the Crypto Market?

in LeoFinance2 months ago

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The market has crashed 🔥! Or has it 🤔?

Many people wonder where the bottom will be and how far the market bottom can reach😨?

The internet is filled with conspiracy theories about how $Luna has been manipulated and crashed on purpose, eventually dragging down the price of Bitcoin and the crypto market 😭.

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Or maybe it is just a cat secret society 😸 that exists that we have never known?

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Let's me share some of my mental floss and heal your thoughts ❤️‍🩹.

1️⃣ Never Trade More than You Can Afford

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Keep in mind that crypto is as speculative as it can be. Try to put your money somewhere if you do not plan to store your money in the crypto for the next five years.

2️⃣ Don't Chase the Leader

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There is no leader in crypto. Instead, it is a decentralized place whole with self-taught gurus.

3️⃣ Opinion is Not Financial Advice

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Try to verify the statement. If you do not understand, you do not want your emotions to control your decisions.

4️⃣ Never Time the Market

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The market is always unpredictable. With your limited time researching and limited income resources, it will be harder to beat the market. So instead, try to buy whenever you have an extra left and a lotto ticket.

5️⃣ Don't Hurt Yourself

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Don't beat yourself too hard and try to make an overnight success. Lost money can be recovered, but lost lives can not.

🤝 Try these five tips instead

1️⃣ Building Instead of Getting

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Build your wealth slowly rather than getting rich quickly.

Do not make yourself dependable on the crypto.

2️⃣ Keep Learning

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Keep learning crypto and educate yourself to prevent scams and misconceptions.

3️⃣ Don't Try to Become an Alpha Trader

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No one always wins. Do not be illusionary. Try to become real and face yourself when you make mistakes.

4️⃣ Take a Long Bet

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The difference between crypto and gambling is that crypto can take longer to recover, while gambling cannot recover from the loss.

Try to play the long game.

5️⃣ Be Patience!

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There is a long way to go, and you need to wait.

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Be mindful and thoughtful 🙇‍♂️. WAGMI!

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