in case you're worried about crypto

The recent drop in crypto prices can seem confusing at best, and super scary at worst. Especially if you became involved post-2017, and this is your first crypto cycle.

I made a TikTok to speak to this, comparing my experience trading crypto through the cycles of late 2013 and 2017 with what I'm seeing now (tl;dw: at least as of this writing, the crypto sector still seems much more stable to me than it did in past years, the word “crash” is probably overly/inappropriately used, and though it may seem initially jarring, it's a healthy thing when poor-quality projects fall away):

There's a term you'll see traders use: FUD. It stands for fear, uncertainty and doubt.

Something I try to stress in our course, Cryptocurrency & How to Trade It, is that any time you're feeling uncertain about crypto (or any asset you may be trading) it helps to revisit what compelled you to buy in the first place.

Do those reasons still hold? Or have you learned something since that has caused your opinion to evolve?

If you realize you no longer believe in that cryptocurrency project's success and you want to get out, try to wait for a “bounce” or a “retracement” in price. It's highly likely that anything which has quickly and steeply dropped will head back up at least partially - even assets with no future have the so-called “dead cat bounce" - and taking advantage of that directional change can make a substantial difference in your profitability as a trader over time.

But if owning that crypto still resonates, when uncertainty is reflected in the price (aka when it drops) it makes for the best opportunity to buy. The savvier traders tend to load up, acquiring as much as they comfortably can at those cheaper levels.

We still live in a world in which those savvier traders are too often privileged legacy financial people. With requisite disclaimers about your trading decisions being your own responsibility etc., my hope is that through sharing my knowledge and experience, more nice, giving people - folks like you - will start benefiting as you deserve.

To that end (and needless to say), it's always a good time to help folks in need if you have the means. But when you give through Seeds as the crypto market is down, you're simultaneously helping folks out and receiving SEEDS in thanks when they're cheaper.

While nobody can guarantee a specific future-requisite-disclaimers-etc., this can make for even greater abundance through caring for others if and when prices head back up.

I remember back in 2013 when I was telling everyone I knew that I thought they should buy crypto after the price had dropped. Almost nobody listened to me/valued what I was saying, which was mostly a commentary on the fact that I grew up in an environment where that happened, so that energy was what I replicated in people I met outside of my family of origin, until I became aware of that pattern and started working on healing it.

This message is another attempt to try and tell everyone I know about the better future I see, as well as how to take part. I hope that now I'm reaching more people who can not only receive those good intentions, but seize the opportunities still in front of us.

Here's to the givers! 🎉

Rachel