Crypto newcomers are troubled about deciding their next move as the market becomes unpredictable. Because of this, crypto community members handed out their advice to those trying to navigate through the cold crypto winter.
In a Twitter thread, nonfungible token (NFT) collector and trader Krissyos highlighted the importance of having a survival mindset during this time. According to the NFT collector, crypto and NFTs will “soar in the future.” However, Krissyos believes that many current projects are bound to fail.
Because of this, the trader noted that the top priority must be figuring out one’s risk tolerance, or the amount you are willing to lose, and dollar-cost averaging, which “restricts your potential upside to mitigate possible losses.”
Bobby Ong, co-founder of coin information site CoinGecko, shared that