Crypto Crash; What Smart Investors Do
The Cryptocurrency space witnessed a massive decline in value over the last three days, Bitcoin price which is the leading crypto asset dropped below 20% dragging other prominent digital assets down-line.
As investors, it is worthy to note that investment isn't one off traffic, there are room for gains and losses, it makes sense if your wins outshine your lost, Crypto Investment is not about UPONLY, on fundamental analysis, there is room for retracement leading to break out which form hash for uptrend candle thereby leading to increase in price.
My candid advice to Crypto investors is to Derisk your portfolio to stable assets like USDT or BUSD. Derisking doesn’t mean closing down your entire portfolio, it means reducing your exposure at least 50% in tether (USDT or BUSD).
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Same way the market didn't go up in a straight line, it won’t go down in a straight line either. There will be recoveries on strong projects with utility, Watch out for the ones that recovers fast, that’s where Market Volume is driving at. Take profits as it recovers.
NB; Stop loss is your friend, even in Spot holdings.
DCA/DYOR.
