Surviving a bearmarket in crypto can be brutal. Even digital gold, BTC, dropped below 20,000 this year. Is it irking you out, especially after the 2018 crash?
There's always something to take back from these scenarios though.
This isn't a market "collapse". It's simply a bear market. All financial markets go through downturns. It's just more pronounced in crypto.
We recovered from a BTC dip of about 3,500 in December 2018 to cross 68,000 in 2021. What goes down must come back up. Crypto has tremendous potential. There’s a lot of value to be unlocked in future, what with DeFi picking up and web3 exploding.
Ripple effects are real. The collapse of LUNA triggered the crypto spiral. True, there is a macro problem, but top crypto like BTC and ETH have strong fundamentals. The key is to filter out the noise and focus on the signals.
Bear markets are great for building. No wonder so many crypto and web3 projects are cropping up. DeFi is also ripe with opportunities.
One final insight 💡
Just HODL the investments you believe in and wait it out for the bullrun. It may take a while, but it will be worth it.This post is based on this twitter thread.