Don't bother about the cryptocurrency market.
I am not a seasoned player in cryptocurrency. I neither invest nor do I trade cryptocurrencies. But, as a seasoned player in STEM (science, technology, engineering, mathematics) for many years, I can very well understand the technology behind cryptocurrencies.
The number one strategy to get rid of the cryptocurrency market crash/boom is "Don't bother about the cryptocurrency market."
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Devote more time to your other activities of life and earning hustles.
If you always look at the trending news headlines of cryptocurrencies, your head will be jammed with the good and the bad news about the crypto market.
But, if you concentrate on your other life activities, your head will not always be banged with the good/bad financial news, and you may enjoy some peace of mind.
Undertake the following safeguarding bold steps
If you are serious about cryptocurrency investment, you must take note of the following safeguarding golden rules, that are true for any other investments.
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Ensure that you haven't invested your entire resources in cryptocurrencies.
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Don't invest all of your investment in a single cryptocurrency (you love).
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Judge a cryptocurrency by testing its (1) technology and (2) performance.
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Continually update your knowledge about the cryptocurrencies you invest in.
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Never have any emotional attachment to any particular cryptocurrency.
Continue learning in the technology side of the game.
Make a list of trustworthy cryptocurrencies
As you learn and grow your knowledge about cryptocurrencies, it is imperative to continually update your knowledge and keep a track of your crypto holdings.
You should ask the following questions and make appropriate decisions.
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Do you have a list of cryptocurrencies you may invest in?
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Do you have an idea which cryptocurrencies are your most trustworthy coins?
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Do you swap a part of your crypto holdings to stablecoins when the price of particular cryptocurrencies is very high?
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Do you keep most of your crypto holdings for good and keep on hoping it to rise?
Every cryptocurrency learner (and expert) must make an extensive list of trustworthy cryptocurrencies.
Cryptocurrencies are fintech instruments and depend only on their technologies, continual innovations, and their upgrades.
Caution has to be taken so that you don't develop any emotional attachment to particular cryptocurrencies.
Bitcoin Cash is on my very few trustworthy coins list
Bitcoin Cash or BCH is currently one of my trustworthy cryptocurrencies.
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The reason behind this is the solid technology and performance of BCH.
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Earlier I used XRP to get my BAT earnings from Brave rewards swapped to XRP (when BAT was about 1.7$). XRP performed well in doing the conversion into fiat.
I update comparisons of BCH with other well-performing cryptocurrencies.
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As per my research, I have placed BCH as a trustworthy cryptocurrency.
Bringing it altogether
The best way to get rid of the cryptocurrency market frenzy is to concentrate on essential life activities and other earning hustles.
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Always have a thorough self-research study available to compare your trustworthy list of cryptocurrencies.
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Don't put all your financial resources into one single cryptocurrency investment.
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Judge cryptocurrencies by their technology, performance, and continual innovation.
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Never have any emotional attachment to particular cryptocurrencies.
Who I am
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I am from Science, Technology, Engineering, and Mathematics (STEM). I have also added "Arts" and "Fine Art" to my interests and made my interests STEAM - Science, Technology, Engineering, Arts, and Mathematics.
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I develop solutions for passwords and cybersecurity relevant to cryptocurrencies, blockchain, and other blockless distributed ledgers.
I hope the entire blogging community will strive here and elsewhere.
If you have time, please explore my "Learning Times" and other channels on Odysee-dot-Com and earn crypto coin LBRY Credit or LBC for consuming and creating content.
It was originally posted on read.cash.
Cheers! Debesh Choudhury
Join me at Odysee, LinkedIn, Twitter, noise.cash, and Facebook
Text Copyright © 2022 Debesh Choudhury — All Rights Reserved
Thumbnail Image: A photo by Caju Gomes on Unsplash.
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Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.
August 30, 2022
