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What should you do to survive this bear market?

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by COINS NEWS 162 Views

The answer is obvious, invest in projects with good fundamentals, or the ones that you believed will go parabolic in the next bull run.

My portfolio consists of 50% BTC, 40% ETH, and 10% BUSD. Not the most impressive portfolio, some even called it the pussiest one, but I'm happy with it.

So back to the topic, what can you do to minimise your losses and survive the bear market?

Reading & Studying

"Knowledge has power. It controls access to opportunity and advancement."

I have no idea whose quote is this, but it's such a well said one. I was forced to read and study certain projects at first just because I needed to understand the fundamentals. As time goes by, I no longer read and study as a NEED. I WANT to understand the fundamentals of projects. This has led me to more whitepapers, more articles and hence, more knowledge in my head. So, you should probably spend some time investing in knowledge.

Staking / Earning

I can't emphasize how important this is. If you are not staking or lending your coins, you're missing out on a lot of returns. I have both BTC and ETH on Celsius earning 6.5% and 6.0% APY, and BUSD on Binance earning 10% APY. Depending on your risk appetite, you can opt for Defi options, which offer much better rates. Of course, the final decision is up to you, it's okay too if you decided to just HODL.

HODL

Okay, this might sound obvious, but HODL is one of the skillsets that beginners lack. When I first started crypto I was so tempted to sell on a 5% loss. Today, not even a 30% loss would make me flinch, because deep inside I believe my coins would eventually climb back up. So yeah, if you truly believe in the future of your coins/projects, hold for your dear life.

P2E

As a P2E player myself, I agree that most P2Es in the market right now are not properly developed in terms of tokenomics and game mechanics. Sure the marketing is great, and the community are helpful, but still, there's still a long way to go for P2Es before it becomes mainstream. I don't want to shill anything about the P2E I'm playing, so you should probably DYOR if you are interested in them.

Practice a healthy lifestyle

Hey, when I said positive numbers, it doesn't necessarily have to be your bank accounts or crypto gains. It can be your body metrics too! Exercise and maintain a healthy BMI, eat and sleep well to lower your blood pressure and cholesterol, and spend time with your loved ones!

What are your ways to keep sane in this bear market? Would love to hear them!

To end this, I wish all the people in this sub all the best. Things might look bad now, but there's always light at the end of the tunnel!

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