Terra Luna has dropped by 99.99%. The global market capitalization has fallen 3.11% to $1.24 trillion, and the majority of the top cryptocurrencies have lost value in the last 24 hours. What is the best strategy to do?
In the previous 24 hours, cryptocurrency markets have fallen. According to CoinMarketCap data, the global market cap has slipped 3.11 % in the last 24 hours to $1.24 trillion as of 8:45 a.m. WIB (May 13, 2022).
In the situation of a market meltdown, investors can use the following five strategies.
1. Buy The Dip
The simplest investment strategy is to “buy the dips.” This does not mean you should go all in when an asset’s price is falling; rather, you should average in as it falls and/or buy after it has calmed. Buying the dip can result in significant profits. In practice, admittedly, turning this one off eﬀectively may be more challenging said than performed..
The strategy isn’t guaranteed to succeed, but it is a brilliant and easy investment strategy that requires no expertise or tech expertise to implement. “Buying the dips” can be a reasonably strong strategy with a high success rate when technicals are brought in, but even without them, it’s still better than FOMO buying the top or panic selling in a stagnant or bull market when the price comes back.
2. Identify Promising Prospects
Investors would also remember that even if the bitcoin market as a whole collapses, some of these particular crypto assets may survive fairly. Some financial analysts and advisors offers particular recommendations for analyzing coins, recommending investors to look for crypto assets with a strong fundamental and a profound market strategy.
3. HODL (Hold On for Dear Life)
Holding On For Dear Life, or HODL, is one strategy to overcome a cryptocurrency crash. Essentially, this is purchasing cryptocurrencies and keeping them for a long time, regardless of how much the value of the digital assets fluctuates. While holding cryptocurrencies in this manner is a realistic strategy, many financial advisors advise investors to only hold the top crypto by market cap.
At NOBI, we really do in-depth and thorough research on crypto assets before we list them, taking into account their sustainability and long-term potential. As a result, investors don’t have to worry about the sustainability of the crypto projects we offer because we only list the top crypto assets by its market capitalization and highest potential in future.
There is, indeed, a more profitable option available to you. Instead of simply hodling your favorite crypto assets, you can get more profits in the form of competitive interest per year (up to 10% APR) with NOBI Earn.
4. Returning to Fiat Money
When crypto markets drop, some traders recommend switching to fiat money. When digital assets fall in value, Crypto Asset Management, for example, uses this strategy frequently. Going to fiat involves the ability to time the market, both when exiting and when returning. The best technique is to set aside money you can afford to lose and then stick to your plan regardless of market fluctuations.
5. Shorting Cryptocurrencies
If executed properly, shorting Bitcoin, which is an option given by several exchanges, can generate very strong returns. Shorting, on the other hand, is a strategy reserved for more experienced investors. This strategy is quite dangerous. Investors should conduct their due diligence before implementing any method to profit from a market crash.
So, which method is most suitable for you? Whatever that is, may the gains always be with us!🚀
NOBI is an all-in-one crypto app that provides various easy crypto investing through passive income from NOBI Earn, NOBI Pro, and NOBI Trade. An app designed for people that are into crypto but don’t have time for crypto.
How Safe is it?
PT. Enkripsi Teknologi Handal (NOBI) is a registered Indonesian company and a member of the Indonesian Blockchain Association. Moreover, NOBI partners with global crypto companies such as Binance, AAVE, Compound Finance, and more, to ensure users can safely invest crypto and earn yield.
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