There’s an old adage that during a bear market, the wisest move is to play dead!
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The first time I heard this advice in National Geographic, I laughed.
But then I realized it could also be applied quite literally to crypto investing.
Just as you would when encountering a bear in the wild, navigating a bear market requires a strategic approach.
Here are the strategies I follow to stay sane and protect my crypto portfolio in a bear encounter.
In the wild, when encountering a bear, the worst thing you can do is panic and run. Bears can sense your fear and become more aggressive, exploiting your fear to their advantage.
Not gonna lie, I used to panic and freak out at the slightest sign of dip in the market. This led me to lose money multiple times.
It took me years to learn how to react and control my emotions in the face of market volatility.
Over time, I got used to the feeling and came to understand that the market is cyclical. Downturns of 20%, 30%, or even over 50% are just part of the natural…
