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- Crypto Winter is a period of heavy downfall in the cryptocurrency market.
- Many investors think that times like this can be profitable for the future.
- Extreme fear among the crypto community can shake some individuals mentally.
Do Not Let Crypto Become Your Weakness
In these harsh times, it is natural to freak out and think about the future possibilities that can heavily impact life as a crypto investor or a holder. And this applies to both negatively as well as positively. The crypto winter has a potential to shake the crypto community from every edge. For some, it is a pot at the end of the rainbow which they call it as “buying the dip,” for others, it is like “Avada Kedavra,’ the killing curse for their portfolio.
Panic is a natural instinct of the human brain. And if you are in the crypto market, this emotion can escalate at an extreme level. Same goes with the feeling of happiness when you earn a profit from the investment in crypto. It gets extreme. But this points out that crypto is getting into your mind. It can influence your behavior in the blink of an eye. If it is able to give you immense happiness, it can prove to be a nightmare too.
While making investment in crypto, one should always keep in mind that this space is heavily volatile and must not expect profit from every time they spend money, especially in crypto winter. Without a stronger mindset, it may become difficult to resist for several members from the crypto community.
This Too Shall Pass!
Let’s face it! We don’t want to give you false hope. But everything comes to an end. You think you are in a dark place where the crypto market will only vanish your funds. But know this, This Too Shall Pass! Same goes with crypto summer, if you think that you’ll get endless revenue streams, well, This Too Shall Pass!
Another thing is that you are the one in control of yourself. You can easily take steps like, spending a limited fund in this market, investing in a trustworthy crypto asset that you think is prominent for the future like Bitcoin and Ethereum. One of the best steps is to make use of limit orders. In this way, the funds will not flow like water, hence, keeping the portfolio unaffected to a certain point.
Finally, I just want to say that don’t let crypto get into your head. It is a volatile market and deep down we know what it is capable of. So think before you make your move, and face anything that comes in the way.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
