- When the Flash Crash happened, the market plummeted in just minutes. I remember this when I read WhiteBIT’s recent Halloween campaign on crypto fears motivated me to share these thoughts. https://whitebit.com/halloween So I watched as the prices of my assets dropped, but I couldn’t sell in time. The panic was real. But instead of giving in to fear, I decided to rely on what I already knew — passive income as a way to minimize losses.
On WhiteBIT, where I was doing Lending, the income kept coming in despite the market crash. It really helped cushion the blow.
https://whitebit.com/earn/crypto-lending
On KuCoin, I was also staking, which allowed me to earn interest even as everything else was falling apart.
https://www.kucoin.com/earn/staking
Another advantage was the funds I had on OKX, which also generated passive income during this tough period.
https://www.okx.com/earn/onchain-earn
I was panicking, but I pulled myself together and took action.
When prices started to drop sharply, I had already set up stop-losses and limit orders. They closed my positions automatically, minimizing my losses. I also always diversify my portfolio — spreading my assets across different projects, so if one asset tanks, others can help keep my portfolio afloat.
One more rule I’ve learned is to monitor the market and avoid excessive leverage. It increases the risks, so I stick to a moderate level. This protected me from liquidations.
The moral of the story? Don’t panic. Passive income and smart risk management helped me survive the crash and even recover my positions.
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