I Came Back From Camping to a Crypto Crash. Here Are 3 Things I’m Going to Do About it.
After a blissful 7 days zooming up and down the coast in a rented van, filled with beautiful views, impressive sunsets, and tasty tacos, I returned to the reality of a crypto crash.
After feeling “bullish” about recent Algorand announcements and advancements, and general excitement around projects that I am part of are actively working on, it was quite a blow to come back to my crypto wallet being worth about half of what it was before I went on vacation. Talk about an expensive trip!
Here’s the 3 things I am going to do in response:
Stay calm and don’t panic.
There’s a term in crypto, FUD (Fear, Uncertainty, and Doubt), that sort of perfectly sums up this current situation. However, being reactive will only make things worse. I’m invested in these projects, not just financially, but because I truly believe in them and the people working on them.
I’ll continue my typical weekly staking and purchases, making less, but spending less, too.
Learn more and ask questions.
I make no secret about the fact that I am not an expert when it comes to cryptocurrency. I am a writer, teacher, and communicator, just trying to help others and be part of something great. I will be reading a lot and talking to people much smarter and more experienced than me to glean what I can from them.
I’ll share whatever I think could be useful to others.
Move forward and offer support.
Today, I continue working on the projects I am assigned to. Creating more trust in the ecosystem, providing information for the community, and adding use cases for our token. I am doing my part to create future value.
Financial loss is an incredibly stressful life experience and hit hardest are not the multi-billionaires, but the people trying to use their enthusiasm for crypto to create a better future for themselves and their families. These are the individuals most at risk for things like homelessness and suicide. It may not be much, but I am here if anyone needs someone to talk to.
How are you handling this most recent crypto crash?
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