Post
Topic
Board Trading Discussion
Re: A strategy for "surviving" in times of crisis
by
carlfebz2
on 12/02/2018, 14:12:13 UTC
If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
Always invest on the amount that you can afford to lose which wont really impact you if those funds are lost or gone. This is a number 1 rule for me and must be consider on all investors into this volatile market. We don't know on what would happen next and talking about crisis fund then we should really have that amount for us to make some emergency or last resort moves for us to recover or might able to get out on such big loss. Not a guaranteed but its much better to have this kind of consideration.