Surviving a crypto bear market

In a bull market, everyone is a genius, the real test comes during the bear market.

Over the last few days and weeks, we have seen the crypto markets, with Bitcoin dropping to lows of $26k, altcoins going down up to 90% and Luna going from an all time high of $113 to zero.

As Robert Njogu insists, you are never in profits if you do not take them, the market is not designed to be an up only chart, during bullmarkets and the good times, it is always good to book some profits.

Over leveraging your positions has never been a good idea, it is during this periods that traders are liquidated, learn to manage risksand not gamble.

In a bear market, you can also consider staking, which is basically locking away your coins on a blockchain for a certain time to create passive income.

Buy The Dip. This is also usually the best time to load upon coins your research and conviction shows could do great, by dollar cost averaging, you get to pick up these coins at discounts and different prices, when they eventually recover, you make good returns.

Conducting independent research and learning to control your emotions where everything is falling apart also helps you put things into perspective. Don’t freak out if you invested in good projects, time is your friend.

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