A few suggestions for everyone during a bear market
1. Core idea: Don’t doubt crypto. It’s one of the few paths available today that can help ordinary people with no social connections turn their lives around.
2. The four-year bull-and-bear cycle is having less and less of an effect. Stay alert so you can keep participating in all kinds of new projects and earning short-term or even ultra-short-term returns—but don’t FOMO.
3. The best strategy in a bear market is to stick with promising sectors. As someone who has personally weathered both bull and bear markets, I’ve seen people sell at a loss and leave, and I’ve seen others return after leaving. The most heartbreaking cases are always those who couldn’t hold on through the bear market and left—buying at the top and selling at the bottom. Buy when nobody’s paying attention; sell when everyone’s talking about it. But that’s easier said than done. The best returns always go to those who find the right sector and stick with it. The market rewards those who weather both bull and bear markets.
4. Great projects are those that have survived both bull and bear markets. Most projects that take off in a bull market were born in the depths of the previous bear market. This cycle’s HYPE, LIT, TAO, PONS, and others are examples. A bear market is a project’s proving ground and a powerful filter: it eliminates 90% of projects and helps us find the great ones.
5. The best way to get through a bear market is to follow an excellent team or a knowledgeable blogger, and diligently build your understanding over time. Let your knowledge accumulate as you observe the market, improve your insight and sensitivity to information, put small amounts into localized hot trends, and dollar-cost average into BTC. Compared with its previous bull-market peak, BTC has already fallen by more than 50%. Dollar-cost averaging may not catch the bottom, but it can lower your average cost and spread out your risk. It’s the best way to buy the dip.
6. Save some of your ammunition for the next two years. You’ll need it to make the most of the next bull market, and to ensure you aren’t forced to leave during the bear market. It’s heartbreaking to spend your last bullet in the bear market and give up just before the dawn.
7. Stick around. Crypto is one of the best opportunities to turn your life around. Countless stories passed from person to person began in the early stages of the transition from bear to bull. One bull-and-bear cycle can change everything.
1. Core idea: Don’t doubt crypto. It’s one of the few paths available today that can help ordinary people with no social connections turn their lives around.
2. The four-year bull-and-bear cycle is having less and less of an effect. Stay alert so you can keep participating in all kinds of new projects and earning short-term or even ultra-short-term returns—but don’t FOMO.
3. The best strategy in a bear market is to stick with promising sectors. As someone who has personally weathered both bull and bear markets, I’ve seen people sell at a loss and leave, and I’ve seen others return after leaving. The most heartbreaking cases are always those who couldn’t hold on through the bear market and left—buying at the top and selling at the bottom. Buy when nobody’s paying attention; sell when everyone’s talking about it. But that’s easier said than done. The best returns always go to those who find the right sector and stick with it. The market rewards those who weather both bull and bear markets.
4. Great projects are those that have survived both bull and bear markets. Most projects that take off in a bull market were born in the depths of the previous bear market. This cycle’s HYPE, LIT, TAO, PONS, and others are examples. A bear market is a project’s proving ground and a powerful filter: it eliminates 90% of projects and helps us find the great ones.
5. The best way to get through a bear market is to follow an excellent team or a knowledgeable blogger, and diligently build your understanding over time. Let your knowledge accumulate as you observe the market, improve your insight and sensitivity to information, put small amounts into localized hot trends, and dollar-cost average into BTC. Compared with its previous bull-market peak, BTC has already fallen by more than 50%. Dollar-cost averaging may not catch the bottom, but it can lower your average cost and spread out your risk. It’s the best way to buy the dip.
6. Save some of your ammunition for the next two years. You’ll need it to make the most of the next bull market, and to ensure you aren’t forced to leave during the bear market. It’s heartbreaking to spend your last bullet in the bear market and give up just before the dawn.
7. Stick around. Crypto is one of the best opportunities to turn your life around. Countless stories passed from person to person began in the early stages of the transition from bear to bull. One bull-and-bear cycle can change everything.
