What to do when crypto markets are down?
Hopefully you are in a position to buy some of the dips, if not then you wait it out and hold on especially on the stocks that offer a product or software as I purchased alt coins. On my meme coins I did nothing regarding buying dips even though the only meme coins I owned were top market cap movers. There are a lot of meme coins that can't say that but I do research them, heck some don't even have a website which I do check. No website on a meme coin, then I won't even consider it crypto.com is good about listing websites. I think when regulations happen in the USA most the meme coins will be gone. With Trump, Bonk and Dogecoin being submitted for ETF's we will see if the meme coin will be permitted or not. Dogecoin does have peer to peer payments on their site unlike the other two.
As the image shows, these are my alt coins. The ISO 20022 compliant from what I found is a means for the new blockchain crypto's to communicate with the old Swift system. I have been busy buying the dips on just these coins, well all but HBAR Hedera. Hedera is not on my Robinhood, I had purchased it through my sons account, so I own it but he got it for me. I purchased most my dips on XLM Stellar, mainly because I was able to buy it in my IRA under symbol GXLM that I wrote about. I am waiting to be able to purchase my other crypto in my IRA as soon as the ETF's become available. So why do I want my crypto in both? Well what is in my IRA I would be more inclined to sell to take out the money because my beneficiaries will be forced to sell all the stocks when I pass away. However, in my market account they have the option to keep the stock, and this is what I want as I want them to keep these stocks for generational wealth. This is why I want both. The Lord knows the desire of my heart in paying off debt of family so they being debt free. Should the Lord bless me with these things over and above giving to Him I would need direction on where to even give from Him and the Lords work.
So let us remember who it is that even allows us to get wealth it is the Lord:
Deuteronomy 8:18 (KJV) But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
Have a Blessed Day