How to Play a Bear Market

3 min readMay 10, 2022

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

Yield farm stablecoins. A lot of your money should be in stables atm. This minimizes your risk and you can earn yield on them.

You can use tools like @0xCoindix to find out about yield opportunities. I would focus on collateralized stables, given the recent UST bank run.

Put your blue chips to work too. But DYOR and don’t ape into anything. Check if a protocol is secure and reputable before you put your money into it.

Figure out your allocation and stick to it. Your allocation should be more conservative than normal.

@thedefiedge has a great guide that can help you get started:

Don’t get caught holding shitcoins. Be okay selling for a loss. There’s too much opportunity cost in crypto. With some of these coins you could be caught holding for years.


Multi-chain maxi. Follow me to learn about NFTs, DeFi, and Crypto.