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Topic: Do you have a backup plan? Suggestions please - page 5. (Read 900 times)

member
Activity: 546
Merit: 24
Yes, I have plan when I will make move in my money. I divide everything to my need so that I can trade some excess from it. If we have plan whenever we do a certain thing, there is a big chance to make it successful. Planning is a guide that we need to do so that we accomplish anything. If are plan does not effect then we must have another plan. In life, we should be advanved to what will happen to us. If we do not have plan then assume that our journey will become hard.
sr. member
Activity: 714
Merit: 250
Just sit back and relax, if you can buy more while it's cheap now to increase your stack that's good.
If you just sit back and relax you will earn nothing so find another to earn money. Some people have back up plan and some people have no back up plan but I think it is better to have back up plan than nothing.
hero member
Activity: 994
Merit: 504
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?


If you really eager to find a backup plan then I would suggest you of having a work and never depend on one income like focusing in crypto.
sr. member
Activity: 854
Merit: 250
Honestly, I don't have a backup plan to deal with the market like now, and all I can do now is wait and hope that the market will increase the price again.
hero member
Activity: 1190
Merit: 541
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?

I really don't have a backup plan at all but I also do not have a second option to be considered a backup plan. I am currently working for bitcoin and getting paid in bitcoin for my work and if anything happens to my work I literally do not have any income source and would have some terrible months until I finally manage to find a normal work to go and make some money.

This post reminded me that I need to find a second source of income or at least apply to some jobs in order to get a more stable life, crypto space is amazing and I am very thankful to it because it provided me with a lot of money and a chance to stay at home for the past 2 years and make money without ever going to work but I don't think I can continue like this for a long time.
jr. member
Activity: 266
Merit: 1
Sure i have a back up even is very strong  back up, i have a work am doing  i means bussiness that give me money to pay my bills every month. So i don't rely on crypto
jr. member
Activity: 532
Merit: 6
Everyone's back up plan is simple and basic. Which is cashing out when on profit and buying back when the dump is back.
Very easy and straightforward but it entails you to have alot of coourage and strenght.

Another option is too sell half of your held tokens when in profit, then you be at an advantage to buy back when its dip.
Whichever decision you make is your decisions to make.
jr. member
Activity: 156
Merit: 2
Sure!  In every situation there most be second thought because of the period like this. As business investor you must have alternate plan.
full member
Activity: 574
Merit: 102
Just sit back and relax, if you can buy more while it's cheap now to increase your stack that's good.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?



this doesn't happen only to you, we all experience the same thing especially for those who have many assets. this makes us broken hearted, very painful. I think the expectation is that in the following year, as Q4 progresses in this downward trend, it might help market recovery.
full member
Activity: 645
Merit: 100
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?


I stay calm. After all, from the nerves I can make a lot of mistakes. If you cannot overcome this fear, it is better to quit the game. Since this is the safest option for you.
member
Activity: 616
Merit: 10
FRX: Ferocious Alpha
I suggest to go for a walk, jogging, forget about crypto for a while then come back. This crypto addiction habit will cause just stress and depression ...and therefore, you'll notice people are talking shit all around. So go meditate, pray and relax. I really mean it. REST for a while.
jr. member
Activity: 196
Merit: 2
I simply don't trade now no matter the temptation. I mostly concentrate on bounties even that too isn't profitable now, and adding more knowledge now as it's very easy to get trapped in a trade now. Wait till the market gets back on track.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?

Remember this when your potfolios get a big pump and then just try to liquidate all of your tokens and waiting for the bottom. To sold your coin is not the best way but at the same itme to trade on this market is very risky. Remember just try to do a thing that gives you less risk.
full member
Activity: 688
Merit: 106
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?

My basic backup plan is to hold my token whenever the price goes down. And my backplan with this current market is I will do scalping so I can earn money with this market. The reason why I manage it is I stay calm and I always think what I will and I always manage my emotion especially with bear market.
member
Activity: 322
Merit: 20
You've never seen so much anxiety before, because you probably haven't been in crypto for a long time (and the fact that you're newie here confirms my suggestion). Just open the BTC/USD chart and you'll see that it was -94% in Nov-2011 and -85% in Nov-2014. And now we have only -79%! Bitcoin is becoming a stablecoin, haha.
Just imagine how much anxiety was there during the previous "crushes".
full member
Activity: 524
Merit: 100
io.ezystayz.com
I have never seen so much anxiety before. With scams all around, the market going down, so many uncertainties, how to cope up from all of this when you can't be sure about your investments?

Do you keep a backup plan? How do you manage when things go down in crypto?

my back up plan is just to make my self busy by just doing bounty tasks to forget temporary the bloody market and do investing in xrp, eth and btc for sure profit, dont be stress when the market is down instead of worrying make this situation a way earn alot by investing and earn in the future.
full member
Activity: 822
Merit: 100
Always have it at the back of your mind that in crypto things like these are bound to happen that is why you should not put all your money in crypto, my fiat saving and crypto investment are 50/50 that is why i am less concern when market collapse because i have fiat backup.
hero member
Activity: 980
Merit: 508
I sold 80% of my crypto assets, there is no loss, but I didn't catch a lot of profit, like some people. Desire to buy is missing, sit in dollars and watch. There are still some tokens received in the bounty. Temporarily trading on the stock exchange. If we take the situation in General, such an outcome should be expected. People bought into the hype, all the channels around shouting HODL, all of them listen and hold tight to their assets. Therefore, such a panic mood is the only way to shake out of us all our crypto assets. Who in dollars there is that good, do not fall into a trap because before the real growth will be more than enough.
member
Activity: 133
Merit: 10
no backup plan, playing all in. Personally, I buy top10 coins with each fall. I just believe in crypto and sure that we will see new heights soon
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