{"id":12495,"date":"2022-06-16T07:00:16","date_gmt":"2022-06-15T23:00:16","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=12495"},"modified":"2022-06-12T18:10:56","modified_gmt":"2022-06-12T10:10:56","slug":"crypto-winter-oh-no-what-should-i-do","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/crypto-winter-oh-no-what-should-i-do\/","title":{"rendered":"Crypto Winter \u2013 Recovery in sight third week of June?"},"content":{"rendered":"

Excerpts from CareYourPresent \u2013 a crypto enthusiast<\/em><\/p>\n

The long crypto winter is finally here!<\/strong><\/h2>\n
\"Crypto
Image Credit: Coingecko<\/figcaption><\/figure>\n

Crypto winter is here and both BTH and ETH are down more than 50% from ATH. Most Alt coins are down 70-90% from ATH and still keep going down. See table above. The market cap of the entire Crypto Market is down from 2.3 Trillion to 1.2 Trillion.<\/p>\n

Everyone like to quote the famous quotation from Mr Warren Buffett:<\/p>\n

\u201cBe Fearful When Others Are Greedy and Greedy When Others Are Fearful\u201d<\/strong><\/p>\n

How many keep taking profit when the crypto market is euphoric last year? I believe many did not and lost years of profits from their past hard work.<\/p>\n

How many start DCA and keep buying in this crypto winter? I believe many did and in the end the crypto price can go down another 90%.<\/p>\n

How? What should do? Be Greedy when Others are Fearful doesn\u2019t work?<\/p>\n

In crypto, most important is risk management. Next you must learn how to take profit for your blue chips (BTC, ETH) and especially for your Alt coins.<\/p>\n

Look at Jewel, Crystal, CROs, Sol, Avax, Axle, Sand, StepN, many of the \u201cfamous\u201d coins that were kept being mentioned by influencers\/media (shillers? haha) etc. How many of them are 90% down and keep doing down?<\/p>\n

After a token is down 90%, doesn\u2019t mean it cannot down another 90%. IN FACT, MANY TOKENS DID!<\/p>\n

Hence, please always remember the line below:<\/p>\n

In Crypto, all coins are alt\/meme\/ponzi coins unless proven otherwise. By all means be Degen Farmers, but always take profit in bull market to protect your profits\/capitals.<\/p>\n

Conversely, only stick to Stablecoins\/blue chips (Eth\/Btc) during bear market!\u00a0If you DCA blue chips, quite likely you will win in the long runs. Most alt coins won\u2019t be there after each Crypto Winter<\/strong>.<\/p>\n

Lastly, always research before you put your hard earned money in the crypto market.\u00a0On the topics of research, one very important aspect in Crypto is\u00a0Tokenomics<\/strong>.<\/p>\n

Tokenomics<\/strong><\/h2>\n

Tokenomics is the most basic foundation of every project. It simply means Token + Economics which is the understanding of the supply and demand characteristics of cryptocurrency.<\/p>\n

Please research before you invest in any Crypto Project.\u00a0The questions you must ask are:<\/p>\n

Token Usage<\/strong><\/p>\n

What is the Token use for\/use as? GameFi, network tokens? Will the revenue be sustainable in the longer term or the token will be dumped after few months\/few days?<\/p>\n

Supply Metrics<\/strong><\/p>\n

How many of these tokens exist right now?\u00a0How many will ever exist?\u00a0How quickly are new ones being released?\u00a0Some terms to learn below:<\/p>\n