Bear markets are part of the crypto lifecycle and they are inevitable. It’s a tough time for all of us, but it’s important not to get discouraged and to focus on the opportunities it presents us with.

We believe that this bear market is an exciting opportunity to create new products, build valuable partnerships and grow our community. That said, we know how difficult it can be to weather 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 someone who needs it.

image.png

  1. We don’t think the bottom has been reached
    This time, the crypto bear market is accompanied by a global economic crisis that will be different from 2018.

We are on the brink of a global recession, which is probably worse than what most of us have experienced, and it’s only just beginning. But panic won’t help here, just like sweet lies. So it’s important to accept that and move on.

  1. Don’t focus on the daily ups and downs, and please don’t check your portfolio every second.
    Pay close attention to long-term trends and try not to get distracted by short-term fluctuations.

  2. Try to stay away from the noise
    We know you want to scroll through your Twitter feed and update Discord messages every minute, but that won’t help. You can’t keep updating all day and wait for signs of buying or selling. About 97% of the information you consume on social media each day is useless.

Reduce your social time to 1-2 hours a day and choose 2-3 newsletters or podcasts that you don’t want to miss. Staying up to date on the latest industry news is enough. 4.

  1. Join or create a community
    Hard times give us the best of people. This is a great opportunity to meet your new confidants (or bear pals, if you prefer). If you are feeling bad, try to connect with people you care about and chat even if you don’t really know each other. Never underestimate the healing effects of human communication.

  2. Watch 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 in the game. Therefore, put yourself and your mental health above market data.

  3. Make sure your cryptocurrency is safe
    We’ll discuss the security aspect in a later article, but here’s what you can do now - buy a hardware wallet if you haven’t already.

  4. Before buying low - do your research
    Do your research before investing in a cryptocurrency or token by reading reviews, checking out the development team, looking at roadmaps and whitepapers, reading social media channels, etc. to make sure 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 is probably wrong, so invest wisely. Before putting money into another project, ask yourself: If this cryptocurrency goes to zero, what do I have left?

  1. Look for projects that inspire you
    Bear markets are a time for new projects and new crypto stars. Some of the brightest 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 continues to build a better internet.

Bearish Market - Bullish Community

  1. Don’t chase your losses
    Now is the time for you to build the next cycle. Next time, you’ll be smarter, more experienced and ready to take profits.

You’re here for the big crash of 2022. It’s a positive learning experience, embrace it.

  1. learn something new
    While everyone else is freaking out about their wallets, keep your head down and learn something new. You can learn by joining Twitter spaces to discover some new items, listening to podcasts, reading blogs and chatting with the community.

Now is the perfect time to make plans for your next cycle, write down lessons learned, and even start your own projects. Web3 is the place to realize your wildest ideas.