Post
Topic
Board Trading Discussion
Re: A strategy for "surviving" in times of crisis
by
kotajikikox
on 12/02/2018, 17:07:20 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.
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I agree do not force yourself to find bigger funds invest your money do you have.

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.
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Thats idea is common strategy of the tradey in times fall down need to be patience and wait to pump again the price to avoid loses.

3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
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When I receive extra profits i use in my daily needs to sustain for my family needs until i can recover my investment.

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.
Number 4 to 8 are not good idea for because in time of crisis people need to minimized the expenses.