Today, as soon as I opened my eyes, my phone exploded: "crypto world pill!" "The US stock market is the next 2008!" "Alts are collectively swimming naked!" Even gold has become a "warning in chaotic times"...

My friend is in a panic and wants to liquidate everything at once - but I've seen this scene at least five times in the past nine years.
The most unforgettable moment was in March 2020, when the black swan of the pandemic struck, and the crypto world plummeted by 30% in a single day, with the "Bitcoin goes to zero theory" trending across the internet.
At that time, I was holding 100,000 principal to buy BTC, my heart rate shot up to 180, but my mind flashed back to the bear market of 2018:
At that time, I also believed in the saying "the bear market has no bottom," panicking and cutting my losses. As a result, half a year later, the market rebounded, and I missed out on a profit of 150,000 for nothing.
This time, I stayed steady.
The first step is to check the macro situation - the United States does not have fatal loopholes like the subprime mortgage crisis, and there is no systemic risk domestically. The so-called "collapse" is mostly a result of emotional contagion.
Step two, look at the coins - alts are indeed mostly air, like a story coin I bought that plummeted from 5U to 0.3U, a crash is just a matter of time;
However, BTC and ETH are different; they have long-term capital and an ecological foundation backing them.
My friend is still trembling, asking me: "So what do we do now?"
Here are my two practical insights on how to deal with him:
1️⃣ Don't touch alts, hold BTC and ETH steady, these two have liquidity and consensus support;
2️⃣ Never go all in, I usually keep 30% cash, so I can buy more if it drops, and I won't panic if it rises.
Indeed, the market has quietly warmed up this week, and my ETH has rebounded by 15%. My friend also avoided the tragedy of selling at the lowest point.
In fact, every time the "crash theory" is at its worst, it's the perfect opportunity for smart money to secretly buy the dip.
I want to tell you: Don't be swayed by panic, first look at the data, then identify the targets. If you have cash on hand, you won't panic in your heart.
In the past 5 years, I earned 200,000 from the crypto world, and not a single cent came from panic selling.