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10 Survival Rules You Should Master in a Crypto Bear Market

July 1, 2022

Latest company news about 10 Survival Rules You Should Master in a Crypto Bear Market


Bear markets are part of the crypto life cycle and they are inevitable. This is a difficult time for all of us, but it's important not to get discouraged and focus on the opportunities it presents us.

We believe this bear market is an exciting opportunity to create new products, build valuable partnerships and grow our community. Still, we know how hard it can be to get through a down market.

We thought it might be helpful to share with you some tips on how to survive a bear market. You may want to save this blog and share it with those who need it.

1. We don’t think bottom has been reached yet

This time around, the crypto bear market, accompanied by a global economic crisis, will be different from 2018.

We're on the brink of a global recession that's probably worse than most of us are, and it's just getting started. But panic doesn't help here, like sweet lies. So it's important to accept that and move

2. Don’t focus on the daily ups and downs, don’t check your portfolio every second.

Pay close attention to long-term trends and try not to be distracted by short-term volatility.

3. Try to stay away from noise

We know you want to scroll your Twitter feed and update Discord messages every minute, but it doesn't help. You can't stick to updates all day and wait for signs to buy or sell. About 97% of the information you consume on social media every day is useless.

Reduce your social time to 1-2 hours a day and choose 2-3 newsletters or podcasts you don't want to miss. It is enough to know the latest industry news.

4. Join or create a community

Difficult times give us the best of us. This is a great opportunity to meet your new soulmate (or bear buddy, if you will). If you're not feeling well, try connecting with people you follow, even if you don't really know each other, to chat. Never underestimate the healing power of human communication.

5. Pay attention to your emotions and don’t let fear take over

Not many people really care about mental health in cryptocurrency, but the space is very demanding and you need to take care of yourself if you want to get into the game. So put yourself and your mental health above market data.

6. Make sure your cryptocurrency is safe

We'll discuss the security aspect in a future article, but here's what you can do right now - if you haven't already, buy a hardware wallet.

7. Before buying the dip – do your research

Do your research before investing in a cryptocurrency or token by reading reviews, checking out the development team, viewing roadmaps and whitepapers, reading social media channels, and more to ensure you make an informed decision about the project you are investing in.

Remember the golden rule: don't invest more than you can afford to lose. If the guessing game doesn't work, the analysis may be wrong, so invest wisely. Before putting money into another project, ask yourself: If this cryptocurrency goes to zero, what am I left with?

8. Find projects that inspire you

Bear markets are times of new projects and new crypto stars. Some of the smartest people and projects we know are building here, and they can't stop building during a bear market.

The Web3 project is still raising millions of dollars and continuing to build a better internet.

Bearish Market - Bullish Community

9. Don't chase your losses

Now is your time to build your next cycle. Next time, you'll be smarter, more experienced, and ready to profit.

You are here for the big crash of 2022. It was a positive learning experience, accept it.

10. Learn something new

While everyone else is panicking about their wallets, put your head down and learn something new. You can learn by joining the Twitter space to discover some new projects, listen to podcasts, read blogs, and chat with the community.

Now is the perfect time to plan your next cycle, write down lessons learned, or even start your own project. Web3 is where your wildest ideas come to life.

source:The Way of DeFi


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