Cryptocurrency is one of the highly volatile and risky for investors at all time .Your holdings can be down to 80% or can be up to 200% but What are the right way to find as best solution since your portfolio looks like headless chicken?
Yes There are many beautiful solution but you must be smart enough to handle the scenario .Panic sell is only done by dumb people who just want to save left over fund after big loss.
Cryptocurrency key points are :
CONTROL GREED AND TAKE PROFIT WHEN MARKET BULLISH
CONTROL EMOTION WHEN MARKET CRASH
HODL YOUR COINS AND LET THE COINS EARN THROUGH STAKING OR FARMING.
Let me list here some exchanges where earning still can be made by just hodl your coins .
1.Binance: Presently Binance exchange has to offer their users a great coin for farming by just holding your BNB coin .Automata ( ATA) has recently launched on binanace and offer earning ATA if you stake BNB coins .Just for Quick intro about Automata coin ,is the decentralised service provider on multi chains where it core function to provide privacy middle layers in each chains like Ethereum, Binance smart chain, polkadot where Dapps are networking .It provides privacy for smart contract voting power where only the result can be shown instead voters identity and voting counts.
Binance also provide staking with flexible APY which also can add extra profit when market is not favourable for trade.
2.Kraken Exchange : It has great feature with High APY on listed coin .some coins like polkadot ,Kusama where APY is 12% that is lovely to chill during market slowdown. Kraken is very good on staking concept where it has on chain(staking can be made on blockchain protocol just like Tezos) and off chain (staking can be made on centralised well known exchange like kraken international)
3.Crypto.com: Crypto.com is one of the best and reliable exchange where earning in bitcoin is quite high in compare of other exchanges .why not can find this option to continue earning .
There are other more exchanges and Decentralised wallet available where you can just earn daily coins by just staking.The basic summery of this post is to not go for panic sell as crypto is not going to non-exist in future. Cypto is the next most essential need of our society and Country also adopting slowly but confidently.
Resources:
https://launchpad.binance.com/en/launchpool/ATA_BNB
https://www.kraken.com/en-us/features/staking-coins
