Oh, you bought DigiByte $DGB? How I'm dealing with the $BTC market dump…

There’s nothing more gut-wrenching than opening your crypto account in the morning and seeing a giant RED CANDLE.

It’s never fun to see your DigiByte ($DGB), Bitcoin ($BTC), or Cardano ($ADA) holdings drop by 60-70% and it’s even worse if you’re in leveraged positions that get liquidated.

I’ve been there and felt those feelings. There’s a tendency to want to hide, not feel anything, lash out, or immediately try to FIX the situation. That has never worked well for me.

In the crypto markets, I’ve learned that learning to sit with my discomfort BEFORE taking hasty action—growing my nervous system and finding mental clarity—gives me a bigger perspective on how to best show up in crypto and in my day to day life.

Big pullbacks and crypto corrections on DigiByte, Bitcoin, and Cardano give me the opportunity to reflect on how I’m running my financial life. Some lessons that come to mind are:

1. Take profits when my accounts rise rapidly
2. Move money into stable coins to take advantage of big dip
3. Pull back and look longterm, both historically and to the future
4. Only play in the futures market with money you can lose (it is a casino and the house almost always wins)
5. Buy things when they are on sale not when they are pumping
6. Create multiple streams of income
7. Diversify investments
8. Dollar cost average into the dip and new crypto positions

What would you add to the list? How did you deal with the DigiByte, Bitcoin, Cardano, and crypto market dump?

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#DigiByte #DGB #Bitcoin #Cardano

Oh, you bought DigiByte $DGB? How I'm dealing with the $BTC market dump…

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Kane Dane