If you entered the crypto space within the last year, I have some advice

I purchased my first crypto in 2016. I felt like I was late to the party like I'm sure you are feeling now.

My advice is: You have to learn to play the ups and downs.

During my first bear market, I was paralyzed in fear. I was mad and had no hope my assets would ever come back. They had just been crushed 60-80% depending on the coin. Many people told me to buy more but I just couldn't bring myself to lose more money.

Over time, I realized they were right. When you know your coin is 70% from its ATH, buy more. If it drops another 10% from there, buy a little more. If it drops another 10% from there, buy a little more. You can't predict the bottom but you do know when you are in a real bear market like right now.

On the other side, you have to sell a little when it's high. When the subs are flooded with Lambo memes and the Bitcoin stick figure going up the roller coaster, that's when you sell. This last run I sold off about 10% of my total crypto assets and damn near caught the peak somehow. I set that cash aside back then and waited.

Now I'm buying more. Over the last 3 days I've already replenished the amount in coins I sold, and still have a nice amount waiting for the next drop.

So to sum it up - Buy a little more now, buy a little more if it drops even more, and when the celebration memes come out after this crypto winter, scoop a little cream off the top.