What to do when the cryptocurrency exchange rate drops?
First, do not panic and do not try to sell or buy cryptocurrency. Selling the tokens will exacerbate a further drop in the exchange rate.
Secondly, try a wait-and-see strategy. But only when it is:
A promising cryptocurrency giant with real value
The cryptocurrency rate drop was due to the giant currency and general market destabilisation
Thirdly, do not try to figure out the 'final bottom' of the cryptocurrency. Many people try to buy the coin at its lowest value. But a long wait may lead to the cryptocurrency rate rising and the investor losing money, as it is impossible to predict the 'bottom'.
Be security conscious and careful, follow the charts and strategies, and most importantly — do not panic.
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