How to survive a crypto winter?

For all you crypto people who have a hard time believing in the future of crypto or believing in hodling right now due to all the mixed signals, both in crypto and in the worldwide economy.

Just take a breath and relax. I’ll give you some advice how to survive:

What is crypto winter? Crypto winter is a (long) period of time where prices decline and/or stay low. Where sentiment is negative in general (from media outlets) and investors and the community start doubting if it will ever recover.

It also a period of time where there are lots of innovations either being released or being build, but they usually stay under the radar and don’t go mainstream (like in bull market times). For example: Ethereum merge (during a bull market this event would be hyped to the max in main stream media).

How to survive? As a long term crypto investor I’ve been through multiple bear and bull markets already.

Last crypto winter was brutal and long. Crypto prices took years to recover or even show signs of improvement. The community was kinda dead and barely alive.

Most of my friends sold their crypto practically at bottom prices cause they wanted to ‘get some money back’.

What did I do?

1. I stopped checking prices, maybe once a month i remembered I had some crypto and checked to see how bad it was.

If you forget about it for a while it doesn’t hurt and you will not be so negatively influenced all the time.

1. I have always considered my crypto invested money as gone. That made it so much easier to survive winter. I always pretend in my head that I will loose it all and prices will eventually go to 0. That way I’m not tempted to sell.

2. Read about innovations, tech stuff, blockchain stuff. Real world adoption etc. It’s more fundamental, you’ll get a better understanding of the ideas and possibilities of the underlying technology. Do Not read about prices, predictions and specific currencies/tokens. It’s all bs, no one can tell the future.

3. Have some faith. Just trust that these cycles are normal. We are only at the beginning of the potential crypto has in our world.

Last but not least: Don’t ever think you or someone knows when we have reached market bottom. It can always get worse. So if you think we’ve reached bottom in this current market, start reading this piece of text again????

And the sun will always start shining again when you least expect it☀️

Happy winter guys!

Edit: I see a lot of comments that I forget ‘buying more’. But that’s not what I did because it contradicts with ‘forgetting about crypto’. You’ll only stress yourself more, especially when prices fall deeper you’ll be tempted to sell to reduce your loss.