Smart Strategies for Surviving in a Bear Market

Hello Everyone,

It's been quite a time we've all been experiencing in the crypto space due to certain market forces that has turned the market bearish. The excitement seem to have reduced greatly with FUD appearing to be the current stay.

The crypto space has been a place of high volatility seeing our things could turn out good or bad quickly. It's not a place for the faint hearted if you ask me has it takes lot of self control to remain mentally and emotionally stable.

Bear market are part of the natural life cycle and it's hard to tell how long they will last. The only thing that can be done about it is to cushion ourself from losses that come with them and positioning yourself to benefit from them.

Ways to Survive in a Bear Market

Accumulate with Dollar Cost Averaging

This strategy has proving over time to be an effective one especially in times of dips. It requires buying the lows at regular intervals with certain amount of money set aside. The purchases are spread in bits. It can be done on a weekly or monthly basis. Overtime you tend to grow your account with this and make decent profits.

Diversify

It is important in times of market dips to have your portfolio spread among high risk, medium risk and low risk. It could be between more stable assets or in cash. Bear market is not a time to go playing with your money. How you go about dividing your fund depends on your risk tolerance, your goals and plans. The purpose of diversification is to help prevent putting your eggs in a basket and surviving the negative times.

Look for Good Values

As it said, past events is the best indicator for the future. Researching the last bear market could provide an insight to assets to buy. It could be assets in other markets like precious metals, stocks or real estate. These assets has the ability to do quick rebound when one market suffers. Going into other project in times like that could be a good idea.

The Bottom Line

Every market comes with it's opportunities, we should not be afraid of the bear market but rather seek to best out of it by employing certain strategies to cope and to survive through it. While many are suffering from it, you can do quite well by increasing your portfolio.

Thanks for Reading

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