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10 ways to stay motivated in crypto during a bearish trend:
Build skills. I recommends learning programming. About 90% of the needs of the crypto market are developers. As long as it's bearish, study and build.
Don't compare to bearish 2018 In the last bull cycle, 99% of ICO tokens were pure SCAM. Now, even with SOL, AVAX, LUNA dropping 80-100%, blockchains continue to work, new applications are being launched... There are products that investors are using.
Most tokens will not update ATH Following the example of 2017, many coins never made it back to the highs in 2021. So don't count on a LUNA, DOGE, SHIB cummerbund...
You might get lucky... You don't want to sell everything at zero. If the project is down by 90% and the money from selling a token won't make a difference for you, don't sell. There were cases when tokens made x's on the next bull: ADA, VET, ETC...
Every cycle has its own trend 2018 - EOS, NEO, DASH 2021 - DeFi, L1-blockchains. There are trends that only give X's in a certain cycle. Don't fall in love with one project, fall in love with the profits.
Pay attention to those who are building There will be strong teams left in the market right now with products that solve users' problems. FFF is one of those. Watch for developer activity and new products.
High APR Trap 357% APR in shieldcoin is more attractive than 1% in stabelcoin. But the price of shieldcoin usually falls by 95% and all the returns are leveled out in 1 day. Standard practice.
Improve your trading strategy. Over the years and months in the market, you already have a "portfolio" of unsuccessful trades/operations. Examine your mistakes, think about what can be improved and what is worth paying attention to in the future.
Keep your finger on the pulse Some future cycle trends haven't even begun yet. The earlier you find an alpha, the more you will earn on a bull cycle.
Don't turn against the Fed. Crypto depends on macroeconomics:
low rates = cheap money = bullish trend.
high rates = expensive money = liquidity withdrawn from markets and bearish trend.
As long as the Fed keeps the economy in check, markets will fall. Don't go long against the Fed.
10 ways to stay motivated in crypto during a bearish trend:
Build skills. I recommends learning programming. About 90% of the needs of the crypto market are developers. As long as it's bearish, study and build.
Don't compare to bearish 2018 In the last bull cycle, 99% of ICO tokens were pure SCAM. Now, even with SOL, AVAX, LUNA dropping 80-100%, blockchains continue to work, new applications are being launched... There are products that investors are using.
Most tokens will not update ATH Following the example of 2017, many coins never made it back to the highs in 2021. So don't count on a LUNA, DOGE, SHIB cummerbund...
You might get lucky... You don't want to sell everything at zero. If the project is down by 90% and the money from selling a token won't make a difference for you, don't sell. There were cases when tokens made x's on the next bull: ADA, VET, ETC...
Every cycle has its own trend 2018 - EOS, NEO, DASH 2021 - DeFi, L1-blockchains. There are trends that only give X's in a certain cycle. Don't fall in love with one project, fall in love with the profits.
Pay attention to those who are building There will be strong teams left in the market right now with products that solve users' problems. FFF is one of those. Watch for developer activity and new products.
High APR Trap 357% APR in shieldcoin is more attractive than 1% in stabelcoin. But the price of shieldcoin usually falls by 95% and all the returns are leveled out in 1 day. Standard practice.
Improve your trading strategy. Over the years and months in the market, you already have a "portfolio" of unsuccessful trades/operations. Examine your mistakes, think about what can be improved and what is worth paying attention to in the future.
Keep your finger on the pulse Some future cycle trends haven't even begun yet. The earlier you find an alpha, the more you will earn on a bull cycle.
Don't turn against the Fed. Crypto depends on macroeconomics:
low rates = cheap money = bullish trend.
high rates = expensive money = liquidity withdrawn from markets and bearish trend.
As long as the Fed keeps the economy in check, markets will fall. Don't go long against the Fed.
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