If you’re in a state of anxiety, fear, panic, etc because of the markets — step away from your computer and go do something active. Lift weights or go for a walk or anything that gets you moving and away from the charts.

You won’t make good decisions in that state, and you want to clear your mind. When you have a clearer mind, go through and evaluate all your holdings.

List them all out and start ranking them by level of conviction, from highest to lowest.

Then ask yourself the question: “if my portfolio was liquidated to stables today, would I rebuy all of these tokens?”

If there is anything you say “no” to, you should probably sell it now — even if it’s down 90% from its ATH (remember, just cause something is down 90% doesn’t meant it can’t go down another 90%)

This is especially true if you answer “no” to anything with low conviction

I find this exercise helpful regardless of the market conditions, but I find it especially helpful during periods of peak mania and peak fear

Writing weekly long-form posts here: zeneca.xyz

Stablecoins @eco | Author of The Story of Money: The Journey From Shells and Shekels to Bills and Bitcoin

yup -- people think they should diversify, but they end up over diversifying and then losing track and not being able to manage their positions

Most people would be best off sticking to a single digit number of coins at all times.

Great words Mr Zen! 

I agree that we need to be in the best state possible to take wise decisions, in the end and I quote Mr Trump “no one knows anything” so probably achieving a comfort zone these days would be wise.