If you are checking out the market state in your trading terminal or coinmarketcap, you must be feeling like panic. I am feeling the same too. BTC and ETH are losing their strong positions and slowly dwindling down. Stock markets in almost every country is not doing good. Gold has a value but nobody wants to sell. A lot of people are quitting crypto by converting into the stablecoin and making exit for now.

Pandemic from China and Russia-Ukraine war has caused a lot of market to lose it's stability. Everyone who is into the jobs are feeling the heat too. Nobody should quit their job in this state of the world. And quitting would literally mean that you are going to be struggling in upcoming times.

People thought there would be no recession as long as we don't let the Russia-Ukraine conflict affect us. But imperialist regimes dragged every country into this war drama with voting and Russia isolation strategies. This has led to a lot of unnecessary chaos that affected the small nations. Now that we are into this mess, what to do from this point onward?

Let's see what we can do in this phase.

Don't quit the Job. Keep the income source going.

You may feel the heat of this inflation and the global recession that is going on right now. A lot of companies may wind up and may close down. This would cause the income to drop from good point all the way to the bottom. This may mean some people may lose the job. Some people may still have the financial edge and can choose to quit or continue on their will.

If you are financially strong then don't quit the job. Keep the financial sources going, instead of stopping them, you can choose to just be patient till recession is going on. If you lost the job, find work both online and offline and make sure to keep the food and money in bank coming in.

Diversify Crypto

By now if you are keeping a note of the market movement you can see the strong losers and gainers. If you see the coin going down to 1 dollar or below or 10 dollar or below, it's time to shuffle the coin. I know my approach may not be what you like and you still want that dogecoin and shibinu, but then you're on your own. Market is in great condition to teach you how coins below dollar price are often not worth risking your funds. But that is just my view. Do what you can and stay diversified.

Stick with the strong coins which even if  lose few points won't hurt much in your grand portfolio. Keeping things staked is another option. It may not earn much with current prices but if you are already into staked plan, then keep it as it is instead of removing from the stakes. Also try and explore new coins with use case. Be it like polkadot, solana and others which are not in your portfolio, you can explore them.

It gets worst before it gets better.

My life experience so far tells me that life gets worst before it can give you a moment of the good days. Bad days go away after it's period is meant to end. You have to make sure to take actions so that those bad days won't prolong forever. In short in order to get out of the worst, you have to feed the tree of good and take actions accordingly.

Staying diversified always benefits as long as the financial investments are concerned. Crypto is not exception. I have so far not felt the damage because I have my investment in top coins and I may hodl till this blood bath ends. I have no plans to quit even if it gets 1 dollar a coin for BTC, which I am sure wont go to that level.

That being said, I hope many of you who are more expert into diversification and being patient with the investment during the panic times know a lot of things that I already said. But I think some people needed to read this and myself had to write this for self affirmation.

What's your opinion on crypto, market and recession in general? Where do you think we are headed?