If this is your first bear run, well I am sorry to let you know that it’s going to be a very bumpy ride. I guess you already know from the market’s condition this past weeks, well, this is the rite of passage to being a long term crypto investor and holder, so let me formally welcome you if you are reading this.
So the bear market is finally here, I expected it because it’s inevitable just as the Bull season is, but most of the newbies didn’t prepare for it or expected it. What do you do now? Give up, sell your assets and call it quit? Really? Is that really an option, if you do that and the Bull run starts again, do you like buy the top again? Because what you just did is sell the bottom and buy the top, which is the easiest way to lose money in crypto. But there are things you can do while the bear market is doing what it knows how to do best during the bear market. It bears, so leave it to keep bearing, you can’t do anything about it.
But you can learn some tips that can help you survive the market. This way it prepares you for the next Bull run. Nothing is worst that watching yourself lose money, this is the feeling most people are feeling as the value of their crypto portfolio is going down really bad. You can use this opportunity to buy the dip, I am just saying, this is not a financial advise. No matter the fear and FUD people are spreading, some people are using the opportunity to buy the dip. You see a bear market, they see an opportunity.
Knowledge Is Power
Acquiring knowledge is key right now, this way you learn a lot of things, recognize your mistakes and learn to use it as your strength. If you used to invest in Shitcoins in the past, this is the time you will know why they are called shitcoins. They have no utilities and can’t be used for anything aside being used as a means of payment and 99% of all cryptocurrencies can be used for that, so what makes them unique?
If you invested in shitcoins and you don’t see any future with them or don’t trust them anymore, it’s okay to cut your losses. This is after you have acquired the necessary information. Investing in crypto is vast, there are different categories of coins and different utilities, learn about them and watch out for the new ones coming into the space because a lot of new crypto projects will be coming as they have spent their Bear days building.
Be open to anything, crypto is here to stay, the current phase we are in, every other sector has gone through the phase. Both the financial market and the internet, we have seen it before.
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