How i handled yesterdays cryptocrash. You should do this too! by michael21984

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crash · @michael21984 · Jun 16 '17

$2.49

How i handled yesterdays cryptocrash. You should do this too!

![marketcrash.jpg](https://steemitimages.com/DQmagftKj5ZxkxfZYd5MqgJbRgpkndResLKSCMqdYQCWKEX/marketcrash.jpg)

**So, if you are new to the cryptospace (or even a veteran) , yesterday was a scary day!**
**99% of all the coins were deep in red and for the first time my portfolio showed a los!**

When i saw everything going red, i did the opposite of what everyone did. 

i...
didnt...
panic...
sell....

**Guess what? everything is up again!**

If you are in this for the long run, you shouldnt worry if a price correction comes! Just hold on to your coins!! 

One of the biggest reasons that these sudden drops accure is that people and institutions with ALOT of money decide to sell a large part of their portfolio, only to buy it back a  few hours later taking one Giant #ss profit! 

**So, instead of panicking and selling, you should save some money and buy at moments like these!! **

I bought some extra bitcoins at around 1914 euro. Guess what? Im up 12%  :)


**Take away message here..**

Dont panic!
Dont be a daytrader unless you know exactly what you are doing
Dont invest more then you could miss or miss for a year!
Dont Sell when your down! Just wait till its up. It might take a few months but it will happen!

Safe some money to buy during these dips!
Invest in long term projects that have a real application

**Do this and you will probably be allright :)**

**Have a nice day!**
Michael

👍 fyrstikken, michael21984, cobloc, karlan.haiden, lyonsolntsev, ace922g, jaydebjana, bearone

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@lyonsolntsev · Jun 16 '17

$0.02

You're right! Nobody who holds loses any money, only those who sell when they panic do!

👍 michael21984, lyonsolntsev

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@michael21984 · Jun 16 '17

jup! so funny that your mind panics! ! :)

👍 lyonsolntsev

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@lyonsolntsev · Jun 16 '17

Really is!

👍 lyonsolntsev

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