Bear Market Survival Hacks For Crypto Noobs!

avatar

Bear Market Survival Hacks.png


The market has been on a downward spiral for a while now. How are you supposed to survive? Is it even possible? Let's explore some of the ways we can stay on top of our investments and ensure that we're always ready to weather any storm that comes our way.

Don't Panic

Here's a pro tip: don't panic!

That's right, I said it. Don't panic! What good did 'panicking' ever do?

I know you're probably thinking to yourself: "We're in a bear market! What am I supposed to do?"

Well, first of all, stop panicking and read on. We'll walk this road together, through the storm. Whatever weather, cold or warm! 😂

Understand the Market Cycles

The first step in surviving bear markets is understanding that they happen and that they're cyclical. Up, Down, Up, Down, Up, Down. Sometimes it keeps going up and most of the time it appears to be going down, down, down. BUT, every time the market goes down, it will eventually go back up again. The lesson here is the same as the first one. Don't shit pants when things get hard - it's part of the process and there are ways to profit from it even during these times.

Adopt a Long-term Investment Strategy

The first step is to adopt a long-term investment strategy. This means you should invest in assets that are likely to perform well in bear markets. If you've been following the news lately, you know that there's a lot of uncertainty about how things will pan out. The good news is that there are still some good opportunities out there. For a newbie, it's actually more than obvious.

For example, one of the best investments for bear markets is blue-chip cryptos like Bitcoin and Ethereum. I also consider Hive as a blue-chip and I try to keep stacking apart from the top two. Having a good portion of stablecoins is always recommended to avoid getting affected by market volatility. It also helps you buy more dips as and when they occur. Keep adding to your blue chips and increase your overall pot value over time to have leverage during the next bull run.

Don't Get Fooled by Recovery Signals

In the markets, there are few things more dangerous than getting fooled by recovery signals. The bear market is a long, relentless grind that can make you feel like your investments are worthless and that there's no end in sight. However, it is important to remember that bear markets always come to an end eventually—and when they do, investors often overestimate how much their portfolios will recover because of recent positive market trends.

Realize that what goes down will not necessarily go back up again immediately: If you're tempted to take out those losses on everything and invest in something because your favorite crypto has pumped recently, don't do it! You need first-hand experience before investing again—not just data from others' experiences or advice from other people's opinions about what happened before!

Being Adaptable & Shrewd

To survive the bear markets, you have to be smart and adaptable. There is no one way that works for everyone. In fact, what works in one market might not work in another. It’s important to know your enemy (the bear) and your environment (the markets), but what matters most is understanding yourself: your strengths, weaknesses, and goals.

Understanding the environment will help you decide how much risk you want to take or whether it’s even possible for you to take any at all with your current situation (i.e., do I have enough money for my goal?). Understanding yourself will let you know whether or not those risks are worth taking based on who exactly “you” are – an investor or trader? An aggressive investor who wants quick returns on their investments? A conservative trader who only trades when they see an opportunity? And knowing these things will enable you to make better decisions as a result of being more confident with your choices. Moving forward to keep your momentum high shouldn't be a burden, right?

Conclusion

The bear markets are the time to see if your investment strategy is right or shit! So that you can learn and make it right by the time bull is here. There's no point in panic-selling when you should be adopting a long-term investment strategy to ride out this market cycle. Don't get fooled by recovery signals and make sure that your portfolio is well-diversified so that it sustains even during tough times!

What is your bear market strategy? Comment below!


Follow: https://leofinance.io/@finguru

Twitter: https://twitter.com/finguru6

Discord: finguru#4062


Not financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta



0
0
0.000
22 comments
avatar

Thank you so much for your insight! It's really helpful 🤗

My strategy for now is to buy an amount of BTC every month while we are on bear market and the rest of my portfolio is stacking. It hard to make decisions but I'm sticking to mine for now and see how it goes heheh

0
0
0.000
avatar
(Edited)

Great tips :)

You talk a lot about staying calm and looking long term which is great if that's the plan.

But so often we see people buy with what they say is a plan to invest for the long term.

Then they don't have the discipline to hold through the dips and end up puking the lows.

Have a plan and most importantly stick to your plan!

Posted Using LeoFinance Beta

0
0
0.000
avatar

We'll walk this road together, through the storm. Whatever weather, cold or warm!

Slim Shady 🙃

Blue-chip

Why did you name it that way? Just curious

I Agree with you on the conclusion, that when bull runs there is much progress and high expectation. however, the bear makes a better plan, why? Because you have low expectations and expect failure at times. in addition, it makes of a refine planing.
Right now I am only planning on how to handle the current state and improving on it.
When bull runs things will be better but for now, stack and keep stacking and if possible, keep stacking.

0
0
0.000
avatar

Yes mate, keep stacking. That's the way to go.

The term "blue chip" comes "poker". Blue chips are the highest value pieces. Similarly in crypto (and in stocks), top-performing coins like Bitcoin and Ethereum are known as Blue Chip. Like BAYC is a blue-chip NFT.

Posted Using LeoFinance Beta

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar

Thanks for the tips. Some are common sense approaches so as not to stress and overreact. Making hasty decisions may cost you later.

Thanks for sharing.

Read from LN

0
0
0.000
avatar

That's true! Yet common sense is not so common. 😂

I wrote this post to remind myself & others of everything I have learned so far in my crypto journey.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The long-term strategy is my strategy. I don't really think I will be investing too much but I may add a little bit every now and then. I don't really plan on selling though and I try to keep up with my research.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Awesome! I am investing in a select few coins now as compared to the year before. Don't have an exit strategy.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Last bear market I would simply stop looking at my accounts for long stretches at a time.

Since they were still earning APR's I could see the growth easier, cause it was "bigger"

0
0
0.000
avatar

I don't know why but somehow I am able stack much more Hive during the bear markets. xD Then you can take profits during the next bull and keep some to buy in the next bear market.

Posted Using LeoFinance Beta

0
0
0.000
avatar

YES!

I am blogging more so that might have something to do with it.

Still, the distribution, seems easier to stack your way during the bear.

0
0
0.000