Bobos & Wojaks

Get rich or die tryin

Some Strategies To Survive Bear Market

Cover Your Costs

Your top priority ‘should’ be covering your living expenses. If you’ve been counting on short-term market gains to pay the rent, you aren’t in a position to make sustainable choices as your portfolio’s value plummets.

Diversify

In every bear market, some crypto projects get hit harder than others. Experts say a diverse portfolio can help you minimize losses and take advantage of gains in growing markets. This is the perfect moment to diversify into other coins that took a hard hit. Don’t over diversify though. I’ll stick to BTC and ETH for 70-80%

Don’t Panic

Experienced financial advisors say it’s best to take a deep breath and stay in the market. If you have funds you can afford to lose, invest them, if not, just hold and wait.

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Make Recurring Buys

Smart investors weather bear markets with a strategy called dollar cost averaging. Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.

Look Beyond Price

Price is not everything, even better, market cap is a more powerful indicator. Price can look very attractive, but don’t let it fool you.