The Crypto Market is Falling: What To Do

By Astroboy13 | CryptoByte | 11 Jun 2024

For those who have seen the crypto market today, that’s not a very nice feeling, I guess. But what if I tell you that you can use this dump to have an even stronger portfolio after ? Let’s see how in this article.


The Context

It’s important during these periods of fear to remind ourselves of the overall situation of the market. Here is a list of major events that have happened to crypto in the past few months and will have an impact for years to come :

  • Approval of Bitcoin ETFs with major inflows
  • Approval of Ethereum ETFs to be launched
  • US Presidents making more pro-crypto statements
  • Crypto ETFs being launched around the world

There is a lot of news that makes the crypto future very bright. However, no matter the future, the market cannot go consistently up. There have to be retracement and lateralization phases that can be boring, but that’s how the market works.

It’s important to remember that the crypto market is bullish in the very long run (since 2009), so it’s important to remain calm


Right now, the market is likely predicting that the FED, on June 12th, will not make any cut for the interest rate in 2024.

What To Do?

Re-organizing your portfolio is key for the bull run. It’s always complicated if you have more than 20+ cryptos. It’s harder to follow each project, the news, and if you Dollar Cost Average (DCA), it’s not as effective as if you DCA in 5–10 tokens.

Invest if you can and follow your plan if you have one. It’s clear that when prices are falling, it’s better to invest than investing when the prices skyrocket.

1*NsvXcbA1LQ_UKtVIsA6I0w.jpeg Photo by Mathieu Stern 

It’s also important to stick to your plan. For example, if you said that each time Bitcoin prices drop 10%, you buy a certain amount, it’s important to stick to it. 

Stick to your plan because when prices go back up, it’s going to be the same dilemma whether you are selling or holding a bit more. It’s always like that if you don’t have a plan. So make a plan !

1*3NkV7baNm3b4sluPWi9XuQ.jpeg Photo by Glenn Carstens-Peters 

If you can’t handle this dump, that’s okay. Don’t look at your portfolio or the market and just wait. Don’t overthink too much about your investments. However, it’s sure that if you have your whole savings in crypto, that might be harder.

As always thank you for reading !

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Disclaimer : This is not a financial advice, you need to do your own research !

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