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Ex-Ark Invest Manager Describes How to Act Amid Panicking Market

Fri, 11/18/2022 - 08:37
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Arman Shirinyan
Experienced analyst and fund manager believes these steps will help investors in unpredictable market
Ex-Ark Invest Manager Describes How to Act Amid Panicking Market
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The former Ark Invest crypto lead, Chris Burniske, on his official Twitter account, explained how to act during a panicking market, when most investors are hysterical and make reckless decisions that contribute to the market's uncontrollable volatility and general performance.

Calmness and rationality

The first and most important advice shared by Burniske is to stay as calm and rational as possible. Because of the oversaturation of the industry with rumors and fake news, investors should be as cautious as possible to avoid additional losses caused by irrational trades and investments. At the same time, the former fund manager understands why investors are fearful and says that it is okay to feel scared.

Thanks to his own insider sources, Burniske believes that industry will become more stable in the future as more clarity will be provided to market participants next week. Meanwhile, investors should provide more attention to the biggest digital assets on the market that usually represent how well the industry is held together against panic.

Be prepared

While staying mentally strong, investors should also be ready for a potential move downward, which is still possible despite the relative calmness that came back to the market. It is important to note that FTX still has an $8 billion debt to their own investors who simply deposited funds to the exchange. Reportedly, the exchange was able to collect around $800 million.

$250,000 per Bitcoin? Tim Draper Explains Why He Still Stands by His Bullish Prediction

Considering the lack of capital, FTX will have to liquidate any liquid and illiquid assets they have to return users' deposits. However, it will most likely create serious pressure on the altcoin market, considering its current illiquid state.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.