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How to survive the crypto bear market crash?


How to survive the crypto bear market crash!!

If you're like most people you're probably feeling pretty panicked right now about the recent crypto crash. But don't worry there are things you can do to survive this bear market and even come out ahead.

If you're like most people you're probably feeling pretty panicked right now about the recent crypto crash. But don't worry there are things you can do to survive this bear market and even come out ahead.

Bear markets can be stressful for even the most experienced traders and investors. Falls are no strangers to the crypto market and in fact, it’s an inevitable reality for investing but it’s not always as scary as it sounds.

  • Read our article about The best trading strategies to make money in a crypto bear market.

Since good investment opportunities exist in both bull and bear markets crypto bear markets can sometimes provide a good entry point into the market with less risk-reward and the possibility of “buying the dip” if planned properly. Having said that having a good trading strategy and Preparation will determine your odds of survival in a bear market.

In this article, we'll help you understand what a crypto bear market is and how to recognize it and we'll list things you might want to do - and what you should avoid in order to survive a bear market before it turns into a bull!

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What Is A Crypto Bear Market?

Simply put a bear market occurs when the price of a cryptoasset continues to decline over an extended period of time and is characterized by a decline of at least 20% from its recent high.

As you probably know you can find out more about them here. A perfect storm of bad news hit the market causing the global cryptocurrency market value to drop more than 60% from an all-time high of $3 trillion to press time of $1.25 trillion. Bitcoin (BTC) is the most valuable cryptocurrency The market cap is down 56% from its all-time high in November.

No matter how bloody your crypto portfolio looks this week here are some tips on how to survive the "crypto winter."

Stick to Your Trading Plan

Remember you should trade with your hard-earned money, not gamble! While there is an element of waiting and uncertainty in both trading and gambling as both place bets and wait for the outcome planning makes a world of difference. In this critical cycle for the crypto market, we recommend You stick to your original trading strategy. Take the opportunity to revisit your goals and risk tolerance. Also, make sure to implement a good exit strategy or a stop-loss strategy which believe it or not can turn most of your profits into serious losses.

Although challenging it might be a good idea to learn more about the market and the project which will lead us to the next tip!

Do Your Proper Research

Do your own research so you may want to know some facts about any coin before putting it on your balance sheet. Instead of buying under the influence of a home or YouTube video read what the white paper promises including the project's total token market cap The use case behind the token is the developer's reputation and the team's underlying technology and timeline or roadmap. This will help you stay calm during unexpected market turbulence and be prepared to absorb a lot of volatility.

Don't FOMO or FUD and avoid making emotional reactions.

A good trader should know when to buy when to HODL and most importantly when to sell! When trading in a bull market it's easy to forget how scary it is to see your cryptocurrency fall in value. But remember: bear markets don't last. In decentralized asset investments like cryptocurrencies, You and only you are responsible for your money so know that panics can cost you a lot.

Diversify, Diverse your holding.

This tip may sound risky but of course, there is no “one size fits all” advice when investing in cryptocurrencies but it’s always good not to put all your eggs in one basket. Considering the fact that all major crypto indices are just below their all-time highs This could be a great buying opportunity to diversify your portfolio.

Buy the Dip

Every trader must benefit from this ebb and flow of the market. You might want to look for undervalued coins. But be careful when doing this the most common pitfall for newbies is buying cryptocurrencies with funds they cannot afford. Another common mistake is buying overpriced and Selling ​​low when you should do the opposite i.e buy cryptocurrencies when the market is in a downtrend and cash in those gains when the coin reaches new all-time highs.