Tips to Build in a Bear Market

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Well it probably doesn't matter what crypto bear market you are in as the fear remains the same. A good number of people experiences the bear market being retail participants end up becoming cryptocurrency project creators or vice versa.

But od you are someone experiencing the bear cycle for the first time, it may be a bit more intense.

But yeah, there are a few tips that could help you keep your head up through the bear market.

Building in a Bear Market

For many, it's a lot more than just cryptos in a wallet as it may be their savings or retirement plans.

Anyway, with the following tips, you could come out stronger the crypto bear market.

Avoid Negativity

This is very important if you are taken over by the negative news more often times. You need to breathe more outside of crypto.

Skimming daily dose of negative news won't revive the market or your mood for that matter.

Take some time out, go out for a walk with your friends and family, enjoy playing games or do an activity giving you a sense of hope and existence outside of cryptocurrency.

Learn Trading Tricks

While some of the crypto projects utilize this time in building, you can also utilize this time in sharpening your knowledge of the market.

You can work on learning about tokenomics, learn reading market indicators. There is so much happening im the market and you may learn new things every day.

Sharpen Your Skills

You can also use this time in upskilling yourself and learn crypto related skills. Learning those skills mean that you can now apply for related jobs posted.

Try applying to these jobs. Crypto projects might have projects thag may interest you.

Buying the Dip with DCA

DCA, stansa for Dollar Cost Average. It's a strategy that let's you spread your risks.

Bear period could be a good time purchasing tokens afresh by finding a small barrier entry into the market but it's also tricky as you may not know that the current state is a dip or the deep before the dip.

DCA is a good way in splitting your total liquidity across multiple entry points. Thus sort of making you not to lose everything if the markets goes below your entry point.

Seek Help

If you feel like you are having really tough time, you can discuss it with someone you trust.

Reach out to your friends and family and explain to them your situation. Their help may help you get bu the period.

It's always important to remember that what matters is life and the will to live it.

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