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Writer's pictureDennis Downs

Don't Panic

Today we see a sea of red sweeping through the Cryptoverse with dips from 15% to 35% accross the board but while most see losses and a dipping market, we see SALES!! It's hard to tell if the market is taking a big correction and if this is the end of the 2021 bull run or if it's just a temporary dip that will recover by the end of the day like we've already seen a few times already in this run, but one thing is for sure....coins are CHEAP!! We've seen the prices these coins can get to already so even if you buy in now and it still drops, you can be sure you'll make some good gains when it picks up again. If the market is taking a dip that will last a while, this is a great time to 'dollar cost average' into your favourite coins, that is to say to invest a small set amount each week, in this way you're not trying to pick the bottom of the market, rather, whatever price you buy in at each week will return good gains on the next run and you won't miss the chance to buy in cheap. Remember, this is only the beginning of the market and prices of solid long term projects will be much higher than their current ATH. You haven't made a loss until you sell!! If you've followed the golden rule of investing, "only invest as much as you can afford to lose", then you shouldn't NEED the money you've invested, so if you have made a loss, hold your ground until you at least meake that investment back before selling, never sell at a loss, the market WILL recover. Hold true and don't panic.

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