These past few days have been rough. Bear markets are tough, but it’s not the end of the world. Here’s how to make the most of a bear market.
Most portfolios are down. I personally have lost a lot of money in the past couple of days. Take a step back and calm down. Everything is going to be okay. We just have to reevaluate our game plan and take necessary steps.
Bear markets are a huge opportunity. Billionaires are made in bear markets. It sucks that that you’re down. But I’m bullish on crypto long term. So let’s look at this bear market as an opportunity.
Most people who made life changing gains in 2021 were successful because they were buying during the 2018–20 bear market.
In a bear market, your focus should be on surviving and accumulating.
I would focus on:
- holding blue chips
- increasing earning potential
- yield farming
In a bear market your goal is to survive and come out unscathed. It’s the only way you’re going to make it to the next bull market. Come up with a good strategy and stick to it.
Avoid high risk plays. Concentrate on blue chips and stables. Only buy into micro cap projects that you have a lot of conviction in
