Mika
VIP Contributor
Recently, Bitcoin was $73 K and now it is $67K. How to protect in a situation like this? Well, when the market takes a dive, there's no foolproof way to shield yourself from it. If it were possible, everyone investing in the stock market or crypto market would be rolling in wealth. The key to making gains or avoiding losses lies in selling when stocks are high and holding them when the market goes down. You do not make a loss unless you sell when the market is down, if you hold until market is bullish, you can always make profit. In other words, if the market crashes, you can simply hold onto your portfolio and wait for better times to come around.