Yeah, I know. Weird title right?

But it's worth making a bold statement like this: BOLD STATEMENT

Ok. Now, jokes aside, the market is crashing by different factors but what can we do about them? Well the answer is pretty simple:

Nothing

We cannot control things that are outside of our reach. We could however control HOW we react to these events. First and foremost is to be calm. Don't be emotional like the market. Yes... Markets are emotional. You don't want to let those emotions control what you do with your crypto. e.g: invest $1000 then see that crashing 90% down. It's hard.

So the first rule is the following:

Just invest what you are ready to loose

Now, if you agree on rule 1 and you are ready to loose the amount of money you will/are putting in, you should have now some cash (on either fiat or crypto) that you can risk and make an investment with it.

So, the next questions that you may ask yourself is where to put that? Well, it really depends on your approach and strategy. That is the second rule.

Set your strategy and plan

Strategies

• Hold/Hodling
  Buy, never touch unless you want to get profits, then buy cheap and never touch that unless you... well you get the point.
• Trading
  Check the markets, buy when is cheap, sell when you have profits.

Please note that I said "profits" and not "when the price is high or at peak". Because prices can go up and down, you will never hit the peak every time, therefore, preferably, you will sell whenever you have some profits.

Plan

Now the interesting thing. Whenever the market is down, people tend to sell, they are scared, fear a crash to 0, and wanted to exit asap. There is however other to increase the amount of crypto you get. One example is, getting into some platform that offers a reward in BTC or else for doing a $100 deposit. There are heaps, and I link some referrals below at your convenience. Some names are Nexo, Celsius, Hodlnaut,...

So let's say the price is down for BTC. You register on one of this platforms and $25 in BTC (after 30 days) for doing a deposit of $100. At that time you get the amount of $25 of that BTC, if the price increase afterwards those $25 could become $30, $40 or even $50 (unlikely to go x2 in BTC unless the market goes bananas and we hit a parabolic bull-run)

You get the point

Blue chips (BTC and ETH) are the most established cryptocurrencies in the market, so even if their price goes down, they have enough support and investors to recover and go higher at some point. These chips cannot go x100 in short periods of time or during a bullrun.

HOWEVER, the rest of the cryptocurrencies, the, so called, ALTcoins (alternative coins) are so fragile and cheap in price that they could really make a x10 or x100 easy if you are in the right spot and buy them in the right time (e.g: IDO, early adopter buying coins) Those coins are so fragile that there is a potential risk to be a scam (so you get rug pulled with it), or that there is not enough engagement and go to 0. That is why it's super... let me do it properly... SUPER important that you DO YOUR OWN RESEARCH FIRST.

When the market is down or crashing, I like to use platforms like Nexo to earn an annual return just by holding my crypto there. Also a good thing from Nexo is that is insured. So kudos for that.
Nexo is one of the platforms that gives you $25 for depositing $100, so that is GREAT.

To conclude and going back to the beginning and mainly to unravel the mystery of the title, "When life gives you lemons, make lemonade". In this case make lemonade... with crypto.

Stay safe! Iggy out!

Referrals:

Nexo - $25 when deposit $100
Coinbase - $10 when deposit $100
... (Will be adding more with time)

PS: Photo by Jacqueline Kelly from Pexels