How to thrive during the bear market

We are in a time that is very important in crypto space, a bear market time, a time that gives investors an opportunity to correct their investment mistakes and have an opportunity to build back their crypto portfolio. Crypto bear time is always a tough time for every projects, it can be challenging when you have to sell coin low because of FUD that full around crypto investment. Although crypto market is a volatile market, when experiencing the downs it always affect individual financial aspect together because many find it difficult to survive financially this time, those depends on their crypto earning suffers a lot during the bear market. But to me i appreciate the fact that crypto is automatically regulated and the both season are favorable, you can take the time of bear to accumulate, build your future with little price. This is really an opportunity for financial growth, even some still find it difficult to thrive during this time.

Several people lamenting when it's time of bear, likewise some still want it to delay more so they can accumulate more. The one lamenting about the downs and the one waiting for the bear to delay there were two things involved, is either their holding is crashing or other person want to make more money but want the bear to delay so it will buy enough. But I don't think we have to bother more about crypto since we know the nature of it, all what we need is to find a way to survive the season, because both bear and bull are favorable.

To thrive on during the bear you have to look into these steps:

• Find Alternative Income aside crypto: it is very crucial for those depending on crypto for surviving should find another source of income during this time, and that is why it's good to spread investment beyond cryptocurrencies. If you have investment outside crypto it will help you to stay afloat when the cryptocurrency market is down, but depending on crypto as means of surviving during bear market can be risky. That is what leads to selling low when you supposed to be building, and it's a way back from growths.

• Expenses: We all know during bear time is a best time to buy and not best time to sell, so any crypto investors that does not cut their expenses will endup causing a problem on their crypto portfolios. I believe expenses sometimes lead us to all angles we have money to cash then out. Failure to minimizing personal and business expenses will lead to selling off during bear time.

• Diversifying: Spreading your crypto investment across different coin can help you to mitigate the risk associate with crypto investment during bear time. This will also help you to reduce future risk in your investment. During bear market several projects always go through a tough time, it can be easy to lose all your fortune if you invest in one coin and that particular coin crashed, so it's better not to put all your eggs in one basket. Speead ot across different sectors will help you to have the peace of mind in your crypto investment when their is storms.

• Follow the trend: one must embrace information when investing on cryptocurrency. Sometimes how the market will behave will be know by following the trends, when you follow the trends it eill be easy for you to know what is going on with a project, and that will help you to take a fastest action if there is something about to happen.

• Seek knowledge: Seeking more knowledge before you invest is a good steps to thrive during crypto ups and downs. One can make a wrong investment decision if you don't seek for more knowledge. I believe no one is highland of knowledge, collection of brilliant people sometimes help in decision making, so don't hesitate to learn new thing that will impact your growth.

Conclusion

Having a positive mindset can help you thrive on during the bear market, so accept crypto as volatile market and don't stop building. Earn more, diversify, do your research and learn more about market approach, this will help you to thrive and have a successful journey during the ups and downs.

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