Are you still 'Alive' after just going through a small wave?

Over the past three days, the crypto market has been in a state of turmoil due to a lot of FUD (Fear, Uncertainty, Doubt) - the U.S. selling $BTC in their treasury. Many investors checked their accounts and saw a sharp decrease in value, leading to feelings of sadness and concern.

Bitcoin from over 100k down to below 92k we just call it 10%. This is what I call a small wave (Last time it dropped from 30% to 40%).

However, this is the time we need to stay calm and think more deeply about our investment strategy.

Choose the appropriate coin

One of the important factors in crypto investment is choosing the right coin. If you have chosen coins like $BNB or $GT, you will see that your value has not decreased much in this volatile period. That is why thorough research and making the right decision from the beginning are very important.

Invest a few dong coins

Many newcomers often make the mistake of investing in too many coins at the same time. They are easily swayed by rumors and buy a bunch of worthless coins. This not only disperses capital but also increases the risk of losses.

The advice here is to focus only on a few potential coins that have been thoroughly researched and implement a DCA strategy. This helps you manage risks better and increases your chances of success.

Understand the true nature of investment

If you feel sad when checking your account, maybe you haven’t understood the true nature of “INVESTMENT”. Investment is not about checking your account every day to see if it goes up or down, but a long-term process where you need patience and confidence in your decisions.

If you continue to invest in this way, you are not only susceptible to stress but also at risk of developing stress-related illnesses.

Smart investment

Invest smartly by understanding the basic factors and having a clear strategy. Stress from uncontrolled investment not only affects your finances but also harms your health. Remember, a stable psychology is a decisive factor for success in investment.

Conclusion

Participating in the crypto market requires knowledge, patience, and a clear strategy. Don’t let small waves shake your confidence. Always remember that investing is a long journey, and success will come to those who know how to persevere and learn from mistakes.