How to survive a crypto winter

First off, breathe.

Cryptocurrency values have dipped alarmingly low, especially if we compare them to last year's remarkable price increases. If you jumped in when Bitcoin was trading around $40,000 or even $25,000—and especially if you watched your NFTs diminish in value—it's understandable if you're feeling anxious and think everything is going wrong.

It isn’t.

Let's set the record straight. The crypto market, encompassing NFTs and equity token crowdfunding, is bound to recover. Markets are cyclical, influenced by numerous factors such as political shifts (even though Trump wasn't the best president, he was perceived positively by CEOs for creating a business-friendly environment). Although the current global crisis is bleak and might worsen, history shows us that fortunes can change; what goes down can rise again as well.

Just a heads-up: this content shouldn't be taken as financial advice, nor should it be considered professional guidance. These insights are rooted in personal experiences from years in the crypto landscape. Please refrain from making any investment decisions based on my commentary.

Beyond the cyclical trends, the crypto landscape is notable for its stability amidst chaos. In simpler terms, while the journey might have some slowdowns ahead, the ride isn't stopping. Essentially, tech enthusiasts have constructed a domain where they can transact, invest, and trade both digital and tangible assets. Regulatory measures should ideally be embraced to protect less savvy investors from losing everything, yet the advancement of this new digital ecosystem is unstoppable. This is a fresh iteration of the Internet, adept at navigating around obstacles.

So, here are some points to keep in mind:

1. Be vigilant about margin calls. If you're trading options on platforms like Kraken, margin calls will come your way. This occurs when your available funds are insufficient to cover your position, leading the exchange to seize your funds. It's painful, I know. My recommendation? Keep it simple and avoid taking unnecessary long or short positions for now. Let others take the risks while you wait this one out.
2. Get ready for the market pump that's on the horizon. My guess is that we might witness a surge from $21,000 to $60,000 this September. When that happens, have your wits about you. These surges can be highly volatile, presenting potential opportunities for some exhilarating leverage trades.
3. Hang on to your digital assets. These virtual collectibles represent a revolutionary shift. They’re unique and despite the market's current lethargy, there's ample room for excitement when new users start flooding the market. When will digital assets really explode in popularity? It's likely tied to the mainstream adoption of AR and VR technologies, which will radically transform how we engage with the metaverse. Will your digital assets survive this evolution? Time will tell, but it's best to hold steady for now. Apple How should you allocate your time during this phase? Why not explore new trading strategies or dive into developing innovative exchanges or decentralized applications? During these quieter market times, there's more inclination towards innovation than mere speculation. Seize this chance to apply what you've learned over the years in a meaningful way.

Embrace this crypto winter like it’s a tropical getaway. Relax by the beach with a margarita, envisioning the projects and innovations that are crucial for the impending market upswing. If you've faced margin calls, you might feel like pouring a bit of your sorrow into the sand, but don’t forget to stay prepared for what's next. Change is just around the corner, and if our recent market analysts are accurate, it promises to be quite the spectacle.

The National Suicide Prevention Lifeline provides crucial support for individuals in distress or those who want to assist others. If you need to talk to someone who understands, please call 1-800-273-8255 . Frosé Crisis Text Line offers emotional crisis support via text. If you'd like to chat with a trained listener, send a text saying HELLO to 741741 .  This service is free, confidential, and available around the clock.

Cheers!

Also, please don’t kill yourself . Releax. This is supposed to be fun.

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• Please remember that the information provided here should not be considered legal, financial, investment, or other types of professional advice. Always invest within your means and consult with a financial expert if you have any uncertainties. For more details, we encourage you to review the terms and conditions and support resources offered by the advertiser. MetaversePost strives for accuracy in reporting but keep in mind that market conditions can shift rapidly and without warning.
• John Biggs is a multifaceted entrepreneur, consultant, writer, and creator. He spent 15 years as an editor for notable tech platforms like Gizmodo, CrunchGear, and TechCrunch, establishing a profound expertise in hardware startups, 3D printing, and blockchain technologies. His writings have graced the pages of Men’s Health, Wired, and the New York Times.