Easy Guide for LUNC Holders to Face a Market Crash
The crypto market can be unpredictable, and sharp price drops often trigger panic among investors. If you are a LUNC holder, there are two practical strategies to help you stay calm and make smart decisions during a market crash.
1. Move Your Assets to Stablecoins
If you have trading experience and understand how the market works, you can temporarily convert your LUNC into a stablecoin such as USDC.
LUNC already has a trading pair with USDC available on decentralized exchanges (DEX) on-chain. By swapping your LUNC for USDC, you can protect your portfolio from further losses and wait for the market to show signs of recovery before buying back LUNC.
Choosing this method also contributes to the Terra Classic ecosystem by increasing on-chain volume and supporting LUNC burns in the process.
2. Do Not Check the Price Constantly
If you are a long-term LUNC holder who believes in the project’s future, sometimes the best move is to do nothing. Step away from the charts, and focus on other things in your day.
Constantly checking prices during a market crash can lead to emotional decisions. Fear, uncertainty, and doubt (FUD) can easily push investors to sell their holdings at a loss. By staying patient and avoiding panic, you preserve your position and avoid selling at the bottom.
Remember, if you sell your LUNC at a low price, you lose your position. When the price recovers, you will need to spend twice as much to buy back the same amount.
