A strategy for "surviving" in times of crisis

[bamboylee]

Do I really need to travel? That would chip away money from my rainy day fund. I would take a break to take away the stress and anxiety maybe for a day or two. Play some games or do outdoor activities. Then work hard again. It is a crisis,you need to make ways to survive it.

[sotoshihero]

Do I really need to travel? That would chip away money from my rainy day fund. I would take a break to take away the stress and anxiety maybe for a day or two. Play some games or do outdoor activities. Then work hard again. It is a crisis,you need to make ways to survive it.

For me during the bloody weeks, I just go around malling and watching movie. I think I did not see my portfolio for 2 weeks, I just enjoy moment outside and breath some fresh air. Now, seems market  is slowly recovering, I go back to check and trading again. Sometimes when market is gloomy, we need to have life outside the crypto world and enjoy. Bloody market makes us sad, that is why we need to change environment from time to time.

[Tanaudi04]

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

Your strategy looks good but I think this will work only on the perfect world. No offense but this plan will only work if you are really settled financially. There are people who's struggling to their daily financial needs that even on 10% gain will withdraw there profit from their investment or trade or worst withdraw the money at loss. But still you have good plan most especially the vacation one that's very good suggestion I really like it.

[nasipadang]

It is a good idea but I invest to be able to secure my money and if can also get profits from my investment, so I do not agree with point 1 Invest only the amount you can afford to lose, I think words are similar to what gamblers say and vacationing is one way that we can calm the mind so that mistakes like panic sell does not happen.

[mornabo]

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

You did not mention how long to go on vacation. because I've done that too when bitcoin prices have gone down, but after I get home, bitcoin price has not come back as before since I bought, this is already more than 1 month after bitcoin price down? should I take months off again until bitcoin prices to go up lol? I know this way to avoid panic but sometimes this does not work, its just add budget and make panic again when the price never goes up after going on holiday

[MoonsGravity]

I like the strategies, except for the starting to waste money going on vacation and things like that. I'm frugal. Would rather look for more opportunities.

[nicster551]

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

add this bro

Exercise regularly. Walk, run, bicycle thirty minutes every other day. The endorphins released will help you mentally and emotionally. Your sleep will improve. Your body will be stronger and you will feel more in control. 

[deppil]

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

actually, the function of the above points is so you don't get panic when a coin prices go down. usually, the price will go up after a few days, that's the function you go on vacation. after going home then you see the price is back pump, but sometimes when the pump does not meet expectations. sometimes we have to wait a long time for the price to go up. so the point is not the travel that makes you not panic. you have to change your mindset that falling prices are a natural thing and rising prices are a sure thing.

[dado7]

Your strategy looks good but I think this will work only on the perfect world. No offense but this plan will only work if you are really settled financially. There are people who's struggling to their daily financial needs that even on 10% gain will withdraw there profit from their investment or trade or worst withdraw the money at loss. But still you have good plan most especially the vacation one that's very good suggestion I really like it.

Take a look at the Deppil's post and my answer to iv4n on page 2.

Do I really need to travel? That would chip away money from my rainy day fund. I would take a break to take away the stress and anxiety maybe for a day or two. Play some games or do outdoor activities. Then work hard again. It is a crisis,you need to make ways to survive it.

You took it literally, go read a book or, as you said, play some games, whatever. Enjoy the life
This post is about setting a right mindset, not about the literal point-to-point strategy.

For me during the bloody weeks, I just go around malling and watching movie. I think I did not see my portfolio for 2 weeks, I just enjoy moment outside and breath some fresh air. Now, seems market  is slowly recovering, I go back to check and trading again. Sometimes when market is gloomy, we need to have life outside the crypto world and enjoy. Bloody market makes us sad, that is why we need to change environment from time to time.

You got it right pal.

You did not mention how long to go on vacation. because I've done that too when bitcoin prices have gone down, but after I get home, bitcoin price has not come back as before since I bought, this is already more than 1 month after bitcoin price down? should I take months off again until bitcoin prices to go up lol? I know this way to avoid panic but sometimes this does not work, its just add budget and make panic again when the price never goes up after going on holiday

You too? Shishhhhh. Don't take it literally, just grab a mindset and enjoy life. During crisis go watch a TV or something. If you really like and can afford it you can travel, yes.

Exercise regularly. Walk, run, bicycle thirty minutes every other day. The endorphins released will help you mentally and emotionally. Your sleep will improve. Your body will be stronger and you will feel more in control. 

Kudos!

actually, the function of the above points is so you don't get panic when a coin prices go down. usually, the price will go up after a few days, that's the function you go on vacation. after going home then you see the price is back pump, but sometimes when the pump does not meet expectations. sometimes we have to wait a long time for the price to go up. so the point is not the travel that makes you not panic. you have to change your mindset that falling prices are a natural thing and rising prices are a sure thing.

Deppil, you are my hero.

[@Mhaiang]

Do I really need to travel? That would chip away money from my rainy day fund. I would take a break to take away the stress and anxiety maybe for a day or two. Play some games or do outdoor activities. Then work hard again. It is a crisis,you need to make ways to survive it.

In order to survive during the time of crisis you should be cool. IF all your coins value goes down, then relax,then hold your coins, because in some other time, this will surely goes up again. Then while holding, just join in any bounty campaign so could still earn tokens while waiting. At least while waiting and holding you are still busy and enjoying your bounty campaign.