A Guide for Surviving Uncharted Wilderness of the Crypto Bear Market

A Guide for Surviving Uncharted Wilderness of the Crypto Bear Market

Well, it isn't entirely uncharted because bear markets have existed for a while now, and that just makes it scarier because we know exactly how unpredictable it can be and how haywire it can go. Sure, it's not like the crypto market has hit a trough right now, but you don't get to sit back and relax because, let's face it, the economy is playing jump rope with everything right now. And random, unplanned moves have never been the smart way to go.

It Might Look like the World's End

The Fall of 2021 might have given you hope, but there's a reason that Clint Barton refused it in Avengers: Endgame. And now you probably see it because you were probably confident that you'd see about a $100,000 price action, but now that Bitcoin is shuttling between $20,000 and $25,000, you might feel a tad bit stupid.

But do you realize you're not the only one in this boat? It might just help if you vented to a like-minded friend who is also in the same doldrums of disappointment.

The 2022 bear market is messing with us at this point. No one knows what to expect, and you're not the only one in a precarious position. This could be quite the end-of-the-world kind of movie scenario where it hits everyone that they are all in this unpleasant scenario together. 

Taking a step back and reevaluating your stakes and investments might not be a bad idea. Of course, that doesn't mean pulling your funds and calling it a day, but a little bit of a readjustment might be what you need to make the most of this bear market, maybe a little bit of smart selling here and reinvesting there.

Seeking Help Is What Smart People Do 

You always have investing maestros like Warren Buffet to look up to if you need pointers on managing funds or brush up on the technical know-how. It might be a perfect idea to find a little niche and build connections now that you know how far a supportive community can go during crisis like these. 

Always seek help at some point in lives, and the 2022 bear market is a humbling experience, so this is just as good a time for that.  Use this time to learn not just from the greats but from your past mistakes too. This will be pretty straightforward if you've meticulously journaled your investment journey. If not, well, it's about time that you started! 

Disclaimer: The author's comments and recommendations are solely for educational and informative purposes. They do not represent any financial or investment advice. Always DYOR (do your own research)

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