4 Things to Do When Your Crypto Portfolio Dips Lower Than Low-rise Jeans Circa 2006 📉

Ok Witches, it’s been a rough weekend, are we right? If you’re new to the space, this might be the most major dip you’ve ever gone through. (Hands up in comments if this is your first BIG dip!) Is HODLing crypto through a dip harder than you anticipated? Are your diamond hands getting shaky. Don’t sweat it, we’re here with the ultimate HODLERS GUIDE. Just 4 you Crypto Witches.

STEP #1: DON’T SELL

You didn’t invest more than you can afford to lose? Or did you? Either way — whether you went by this rule of thumb or maybe got carried away (we’ve been there) when the crypto market dips this severe, absolutely do not pull your funds out. You only ‘lose’ money if you withdraw. Always consider your crypto assets long-term investments. Crypto market cycles average 4 years. Short-term investing or day trading is just gambling, especially if you’re not a seasoned, experienced investor. 🔮 The best course of action, if possible, is to hold onto your crypto investment until the markets swing up. It can feel counterintuitive to hold when you keep seeing the market go down, but the biggest rookie mistake you can make is to buy high and sell low. Hold until you’re back in profit. If you still want to withdraw then, do it! (But you likely won’t want to.) 📈

STEP #2: ARE YOU ABLE TO INVEST DURING THE DIP? PLEASE DO!

When the markets rise, it’s exciting to watch your investment grow. But DIPS 👏 ARE 👏 WHERE 👏 THE 👏 MONEY 👏 IS 👏 MADE. 👏

Alts tend to fall at greater rates than high cap OGs Bitcoin (BTC) and Ethereum (ETH). This presents a FAB buying opportunity for those looking to purchase altcoins right now, as they have tend to have more dramatics dips. We personally picked up some Polkadot (DOT). 🙌 Want to shop our favorite crypto projects of 2022? Our Crypto Witch Club Guide features 16 altcoins that have SERIOUS growth potential for this year. It also includes:

🔮 A full glossary of all the terms + protocols you need to know

🔮 Bitcoin and Ethereum basics

🔮 Coin vs token identification + explanation

🔮 Market cap, max supply, protocols, and coin categories included for each project

🔮 16 Coins to invest in for 2022: details, capabilities, exchanges, team, utility

🔮 Major crypto knowledge

If you can’t purchase any crypto on this dip, just hold strong and wait for another time. (Future dips may not be as drastic as this current dip, but market volatility is oh-so-natural in the crypto space and you’ll definitely have you’ll buying opportunity again.) 😉 Don’t sweat it. Keep holding.

STEP #3: CONVERT SOME PROJECTS (IF YOU WANT)

There are things you can do in your portfolio if this dip is making you uneasy. Two easy options:

MOVE ALT COIN HOLDINGS TO BTC AND ETH

As mentioned in Step #2, altcoins tend to fall at greater rates than high cap “OGs” — Bitcoin (BTC) and Ethereum (ETH). If you’re deep in alts and fearing future downside potential, you can covert your altcoin holdings to BTC or ETH, which tend to fall and rise at less dramatic rates as altcoins.

Be careful though because although BTC and ETH lead the market, there’s also potential you could miss some future altcoin potential if you don’t move back eventually — as alts can have great rises (tbh, just as great as their falls).

2. BREAK UP YOUR STABLECOIN PAIRINGS

Are you a DeFi Witch? We got you! If you’re holding pairings in a liquidity pool that are 50% stablecoin pairing or staking stablecoins, this could be a great time to pull out of the stable and convert to Ethereum (ETH) or other non-stable DeFi crypto. Why? Your stablecoin pairing is more effective at the bottom of the market if you convert it to a non-stable coin and ride the rise post-dip. Once you’ve ridden it out, you can convert back into your pairing, with a 50% higher growth potential if you had not.

Crypto Witch note: be conscious of gas + transactions fees garnered for each of these transfers mentioned above. If unknown, check Etherscan. If the cost of gas or transaction fees are large enough to make a dent in your portfolio, just hang tight.

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