We are seemingly emerging from a dark few weeks. Whether it’s a false dawn or the beginning of a fresh ascent, you need to know how to handle the more painful parts of the cycle.
Token Gamer and NFT Insider have decided to combine forces to launch a WAX-centric, weekly podcast, WAX Lyrical. John Nichols of NFT Insider and I will discuss a new topic every week, as well as feature special guests in the near future. If there’s a topic you’d like us to cover, make sure you let us know through the Token Gamer Discord or Twitter, or the NFT Insider Discord or Twitter.
In last week’s episode, we tackled the tricky subject of how an NFT is valued, why some are worth fortunes and others are worth pennies, and some ways you can check if an NFT is overvalued or undervalued. This week, John and I take the market’s decline head-on and discuss what you should do during a hefty dip.
Episode 10: How to Navigate a Crypto Dip
If you’re in crypto to some meaningful degree, the last few weeks have been a tough watch. Though I have grown used to rough periods — my first year in crypto had more or less a year-long bear market — it’s hard not to be affected. So, what should you do?
Well, firstly, we need to understand why the crash is happening. Then you need to put it in context of other crashes and why this isn’t some isolated disaster we’ve not seen before. This is the start of the podcast: laying the groundwork. Then we discuss what you should be doing.
As always — and the mantra of every crypto content creator — we do not offer financial advice. There is always money to be made in economical downturns, just look at the top of the rich list during the pandemic. However, what I would always recommend at a time like this is to build. Whether it’s a blog, a YouTube channel, your own collection, a game — it doesn’t matter. When the markets dip, the people here for a quick buck filter out, and you have the space and time to make something.
What do you do in a downturn?
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