Tips to remember during a Crypto Bloodbath

History repeats itself. Each year the Cryptocurrency bubble pops, causing panic and making weak hand sell their stash. Generally there is a lot of FUD around it spread by media and it happens right after a spike in the total marketcap valuation. You don’t need to go far to validate my statement; this can be seen by studying charts from previous years on Coinmarketcap and relate them to past events and news.

Bloodbath, it’s all red!

I have only been part of the blockchain ecosystem for little more than a year now; I have seen this bloodbath happen a few times already and I am sure it will happen again. So if this is your first time experiencing the insane volatility , let me share a few tips, that you should keep in mind while investing in cryptocurrencies.
These tips will hold you steady over the long term, helping you to earn a healthy return on your investment.

1. Never invest more than you can afford to lose

This is a basic principle which is very simple to follow, with a bit of discipline. It might sound simple in theory, but a lot of people tend to invest more than they can afford to lose . Some go even further and are willing to take loans from banks in order to invest because of FOMO.
Remember, as an asset class…