Let's be honest. Now the market is red, the crypt is falling — but not only the crypt is falling, everything is falling.
Stocks of large companies are also in decline:
Meta -30%
Amazon -30%
Tesla generally -50%
These numbers are huge even for traditional markets. What can we say about the crypt, where minus 50% is an ordinary correction.
But what really matters is what conclusions you draw now. Here are some thoughts that will help you maintain your capital and mental health.:
1. Did you take a screenshot of the profit? Sell it.
If you are so happy with the growth that you are making a screenshot of your deposit, it's time to fix at least part of the profit. The market likes to punish the overconfident.
2. Stop trying to impress other people.
No one cares how cool you held the coin until the last one. It is much more important with what result you will exit the market in the end.
3. Don't copy other people's deals.
There's nothing worse than buying an asset because someone said it was a "hidden gem." While you are waiting for new signals from the "expert", he has already sold and earned on you.
4. Stop chasing altcoins.
Yes, altos sometimes show a vivid performance, but in the long run, almost everything merges back into bitcoin. Very few people are able to consistently outperform its profitability — and this is no more than 5% of investors.
5. Stop trying to impress everyone.
Focus on your own strategy. It doesn't matter what others think, what matters is how effectively you follow your plan.
6. Get away from the crypto crowd.
If it seems to you that a coin that has sunk by 90% is "undervalued" — remember that this is similar to the thinking of a drug addict or an alcoholic. We don't realize the problem until we reach the bottom. Try to communicate with people outside the crypt more often, this will help keep your mind clear.
7. Zoom-out and compound interest — that's what really matters.
Don't chase after the mythical "X's". It is much better to consistently receive 10-50% per year and quietly increase capital than to look for another 100x and regularly lose money.
Now the market is checking who is a tourist here and who is staying for a long time.
Don't let short-term volatility get you down.