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What to do when crypto prices are crashing?
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[QUOTE="King bell, post: 252082, member: 75687"] When the prices of cryptocurrencies are crashing, it can be a difficult time for investors. However, there are some things that you can do to help weather the storm. 1. Diversify your portfolio. One of the best ways to protect yourself from a crash is to diversify your portfolio. This means investing in a variety of different assets, including both fiat currencies and cryptocurrencies. By diversifying, you can minimize your losses if any one asset starts to decline in value. 2. Stay informed. When prices are crashing, it’s important to stay informed about what’s happening in the market. This way, you can make informed decisions about your investments. There are a variety of resources available, including online forums, news sites, and social media. 3. HODL. If you believe in the long-term potential of a particular cryptocurrency, then you may want to hold onto your investments even during a crash. This strategy is often referred to as “HODLing,” and it can be a difficult decision to make when prices are falling. However, if you believe in the long-term prospects of the crypto market, then HODLing may be the best strategy for you. 4. Take profits. If you’re not interested in HODLing, then another option is to take profits when prices are high and then exit the market. This can be a difficult decision to make, as you may miss out on future gains if the market recovers. However, taking profits can also help to protect you from losses if prices continue to decline. [/QUOTE]
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What to do when crypto prices are crashing?
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