The cryptocurrency market is notorious for volatility. This is a common and true sentence for the cryptocurrency market. Especially we see the rise and fall of prices in these markets. Especially when there is a bad situation in the market, small traders like us are in a bad situation. Especially those who are new, many lose patience and sell the coins they have at a loss and many times many lose their money. However, when the market is bad, patience and strategy are very important. Some important things to do:

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Do not make decisions based on fear or emotion:

We have various fears about the market. Especially when the market is up or down, this kind of fear works in us. A calm mind is necessary during times of market volatility. It is better not to panic and sell assets. So this time we must take right decision and not take any decision based on emotions. But the wisest thing to do at this time is not to panic.

Keeping the long-term view:

But many of us invest for a short period of time. Instead of selling at a loss when the market goes bad, we should invest for the long term. We must formulate long-term plans properly. However, temporary fluctuations in the market can be ignored. But in that case we should keep long-term investments in good projects and strong currencies.

Market monitoring:

We need to learn technical analysis and market trend analysis. If this can be done then we will be able to cover our losses to some extent no matter how bad the market goes. Try to understand when the market may improve. It is very important.

Diversification:

We should diversify our investments. We should invest in other sectors and not only in crypto. You can also invest in different sites such as investment options such as stocks or gold. It reduces the risk.

Dollar Cost Averaging (DCA):

This strategy is very effective when the market situation turns very bad. This way you avoid major damage and don't have to sit for a long time. Because through this you can bring your buying hand down a lot. Buying a certain amount of crypto regularly reduces the impact of market fluctuations.

Using stop-loss:

Sometimes we must use stop loss to avoid big losses. You can set a stop-loss to sell automatically if the price of a currency falls below a certain level.

Keep the cache:

Keeping cash is very important because it allows you to reinvest in the market when the market goes bad. Keep some cash on hand to invest in new opportunities if the market takes a turn for the worse. Above all, consider market volatility as normal and make decisions in a planned manner.