There’s an previous adage that in a bear market, the wisest transfer is to play lifeless!
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The primary time I heard this recommendation in Nationwide Geographic, I laughed.
However then I spotted it is also utilized fairly actually to crypto investing.
Simply as you’ll when encountering a bear within the wild, navigating a bear market requires a strategic method.
Listed below are the methods I observe to remain sane and defend my crypto portfolio in a bear encounter.
Within the wild, when encountering a bear, the worst factor you are able to do is panic and run. Bears can sense your concern and develop into extra aggressive, exploiting your concern to their benefit.
Not gonna lie, I used to panic and freak out on the slightest signal of dip out there. This led me to lose cash a number of instances.
It took me years to learn to react and management my feelings within the face of market volatility.
Over time, I bought used to the sensation and got here to grasp that the market is cyclical. Downturns of 20%, 30%, and even over 50% are simply a part of the pure…
