Crypto Bear Market Update | Have We Hit The Bottom | Buy The Dip Now Or Wait | Crypto News Today

How to manage in a down market

Even though crypto is famously volatile, sudden changes in price (like May’s 25% BTC drop) can be harrowing — especially if it’s your first time experiencing a significant selloff. But as veteran traders will tell you, it’s a lot easier to stay calm and make smart moves if you have a plan. Here are some helpful tips to keep in mind:
* Keep your emotions out of it. It’s okay to feel anxious, but don’t let anxiety dictate financial choices. Emotional trading can lead to badly-timed trades, like selling when prices are lowest or buying at a peak due to FOMO. 
* Think ahead. Buying and holding isn’t right for every asset, but during a market downturn, consider your long-term goals. Did you buy with the intention of selling many years in the future? If so, it’s probably ok to stop refreshing that tab and take a deep breath. 
* Look into dollar-cost averaging. Dollar-cost averaging is a popular strategy for reducing the sting of volatility — it involves buying a smaller amount of crypto every week or month no matter what the market is doing.  
* Trade within your limits. Are you planning to “buy the dip?” Remember: No matter how confident you are about a particular asset, you should never put in more than you can afford to lose.

#bearmaket #Cryptonewstoday #buythedip

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