{"id":464351,"date":"2021-05-24T12:00:01","date_gmt":"2021-05-24T12:00:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=464351"},"modified":"2024-10-26T19:47:24","modified_gmt":"2024-10-26T19:47:24","slug":"hoskinson-shares-his-top-tips-for-surviving-the-crypto-crash","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/hoskinson-shares-his-top-tips-for-surviving-the-crypto-crash\/","title":{"rendered":"Hoskinson Shares His Top Tips For Surviving The Crypto Crash"},"content":{"rendered":"

The CEO of Input Output Global (IOG), Charles Hoskinson<\/a>, took to social media to share his advice on coping with difficult times. Drawing on his experience of running a multi-billion dollar firm, Hoskinson points to mindfulness as the key to getting through these difficult times.<\/p>\n

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Crypto Market Panic<\/h2>\n

The events of the past week or so were a real wake-up call for anyone with a vested interest in crypto. FUD<\/a>, driven by threats from China, Elon Musk, and U.S. regulatory concerns, has conspired to crash the market.<\/p>\n

Just a week and a half ago, crypto markets were riding high as the total crypto market cap hit $2.5 trillion for the first time. But FUD event after FUD event saw things take a turn for the worst.<\/p>\n

The local bottom hit on Sunday after the market bounced at $1.3 trillion, making a staggering 48% loss in value across the board. While some tokens fared better than others, with Polygon and Maker showing signs of fight, the losses of the last five days have taken their toll.<\/p>\n

\"Total<\/p>\n

Source: coinmarketcap.com<\/a><\/pre>\n

The upshot to this has seen fear, anger, and panic dominant proceedings. This has only been exacerbated by the crypto-haters relishing this crash.<\/p>\n

Binance CEO Changpeng Zhao <\/a>(CZ) retweeted a message he posted in February when markets were going up to remind us that critical common-sense rules apply equally during a downturn.<\/p>\n

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Stay calm
Do proper risk management
Diversify a bit
Only invest with money you don't need urgently
Don't invest with your next month's rent
Expect some system issues
Don't fall for scams
Be responsible to, and take responsibility, yourself
Stay
#SAFU<\/a><\/p>\n

— CZ \ud83d\udd36 BNB (@cz_binance) February 9, 2021<\/a><\/p><\/blockquote>\n