Lol How long it takes for market to recover and rise? do you think 3-4 weeks? It might take years, so you probably need all of your funds for this long travel
Topic: A strategy for "surviving" in times of crisis - page 3. (Read 303 times)
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
Lol How long it takes for market to recover and rise? do you think 3-4 weeks? It might take years, so you probably need all of your funds for this long travel
Lol How long it takes for market to recover and rise? do you think 3-4 weeks? It might take years, so you probably need all of your funds for this long travel
I really liked your approach towards 'crisis periods' by going on a vacation with family and enjoying some sunshine Cheesy! None the less, step 2 is the hardest to come by since there are no reliable coins which can definitely go '2x' in a given period of time and choices made becomes the determining factor. Step 3-8 seems like a totally legit strategy except for a change in step 7, where I would regularly check my portfolio, clenching hard on every refresh to see if the numbers have gone up.
Regarding step 7 - yes, I have made it as a joke..... well not really a joke, but more of a relaxation post. That's why I kept the word "irregularly". I am constantly re-checking mine too, but my point is - you shouldn't do it way too often, it becomes a sickness after some time.
Regarding step 2 - well, I agree to disagree. During last two months, most of them have gone at least 2x up, but you are right in saying that this doesn't happen all too often. Maybe you could achieve this by combining some airdrops with bare money investments?
haha, that's really good idea and advice. But at first what I want to say is that investing of money which we can afford to lose is bad idea. For example for me it's 100$ because I am a person who has 800$ monthly wage (for example, not actually me). Does it has any idea to invest? I think no because it's not something that can give me valuable profit and also for some people 100$ is a lot too. So what you say would suit best to rich people who can lose 10K and more without worries.
On another hand I agree you in some aspect, have a rest can make you free from stress and it may hel you to make good decisions.
I do agree with you. But, no matter whether it is a joke or not, I made a "no-stress" strategy. The moment you invest more then what you can afford to lose you have beaten its purpose. It also depends on your goals and if you can find a suitable strategy to achieve your goals without over-investing yourself.
What I wanted to say is - yes, you can invest a little bit more, but for the sake of God, don't gamble, never gamble.
"in times of crisis" i search airdrops, it's not much Money, but it's Money 
If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
Just like to point out that for a newbie trying to enter the world of crypto via investing, they should know the risks beforehand so that in case of the dip, they will not be worried and will not need some pointers like that.
Honestly, most newbie just entered because they saw others getting profit. But they didn't realized that it's not all about investing then they will sleep waiting for profits. If they understand the risks they are entering then even with the market bloodbath, still they will not be worried much about their dropping portfolios.
If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
haha, that's really good idea and advice. But at first what I want to say is that investing of money which we can afford to lose is bad idea. For example for me it's 100$ because I am a person who has 800$ monthly wage (for example, not actually me). Does it has any idea to invest? I think no because it's not something that can give me valuable profit and also for some people 100$ is a lot too. So what you say would suit best to rich people who can lose 10K and more without worries.1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
On another hand I agree you in some aspect, have a rest can make you free from stress and it may hel you to make good decisions.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
These two things is my common way on handling on these kind of situations on where i do always pull out initial investment and leave out the profits and re-roll it and if im profiting then save up for back up funds. It do really help me on these kind of situations specially when theres a crash.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
These two things is my common way on handling on these kind of situations on where i do always pull out initial investment and leave out the profits and re-roll it and if im profiting then save up for back up funds. It do really help me on these kind of situations specially when theres a crash.
Just HODL and control your emotions, nothing else is required at time of crisis.
A good trader will never lose his/her cool even in the tough situations as like now happening in the market.
A good trader will never lose his/her cool even in the tough situations as like now happening in the market.
I really liked your approach towards 'crisis periods' by going on a vacation with family and enjoying some sunshine Cheesy! None the less, step 2 is the hardest to come by since there are no reliable coins which can definitely go '2x' in a given period of time and choices made becomes the determining factor. Step 3-8 seems like a totally legit strategy except for a change in step 7, where I would regularly check my portfolio, clenching hard on every refresh to see if the numbers have gone up.
I like this strategy. Point no. 2 imo is very important and I can't imagine investing into crypto without this point unless you aren't professional, you can never be sure what happens. And when you got information that one of coins is going to rise alot, you won't sell other crypto at losses at bear market to invest into this, but you will use your intial investment. Great idea
If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
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