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A little advice for everyone during the #Gate广场圣诞送温暖 Bear Market
1. Core Idea: Do not doubt the crypto track. This is currently one of the few ways that allows ordinary people without social resources to turn their lives around.
2. The bull and bear effects over the past four years have been diminishing. Staying sensitive allows continuous participation in various new projects to obtain short-term or ultra-short-term investment returns, but avoid FOMO.
3. The best strategy in a Bear Market is to choose to stick to a good track. As someone who has experienced the ups and downs, I've seen people cut their losses and leave, and I've also seen others return after leaving. The most heartbreaking are those who couldn't hold on during the Bear Market and exited, buying at the highest point and selling at the lowest. Buy when no one cares, sell when the crowd is roaring, but knowing is easy and doing is hard. The best returns will always go to those who find the right track and persist; the market will reward those who traverse the Bear and Bull cycles.
4. Awesome projects are those that have traversed both bull and bear markets; most projects that explode during a bull market were born in the depths of the last bear market. This includes the HYPE, SUI, TAO, etc. of this cycle. The bear market is the touchstone for projects and a great filter that will eliminate 90% of the projects, while also helping us find great projects.
5. The best way to navigate a Bear Market is to follow an excellent team or outstanding bloggers, focusing on accumulating knowledge and improving your understanding and sensitivity to information during the Bear Market. Participate in local hotspots with a small amount of funds and dollar-cost average into BTC. Compared to the peak of this bull market, BTC has already dropped by over 30%, but it may fall by 50% or even lower in a Bear Market. Dollar-cost averaging may not catch the bottom, but it will definitely lower investment costs and diversify risks, making it the best method for bottom fishing.
6. Keep the bullets for the next 2 years, and only with bullets can you have the capital to turn over in the bull market, and ensure that you are not forced to leave the market in the bear market. It is a pity to run out of bullets in a bear market and die at the last moment before dawn.
7. Keep insisting not to leave the market. The Bear Market is the best opportunity for a comeback, and countless stories passed down orally originally began in the Bear Market; a bull and bear can change everything.