The crypto world is a fast-paced maze and one should know how to survive it. The crypto market is always experiencing bullish and bearish modes. Most of the time investors are clueless about a sudden crash or dip. This sudden shock can make them rich or cost them their patience and fortunes.
The last crash cost a lot of people to go into panic mode and dropped bitcoin down from its peak rate of $69,000. This was not only bad for Bitcoin but it dragged the altcoins almost to their graves.
Many Altcoins faced a downfall of almost 60% and made investors go nuts. Lack of strategies and experience and sometimes impatient decisions lead many to messes. If you continuously struggle in the crypto market and have no idea how to get some success, then here are 5 top strategies for you to conquer the crypto investment game in a bear market.
5 Top Strategies to Survive the Crypto Investment Game
To track our investments in both bear and bull mode is what all investors need. It is important to understand when to stop putting your money and time rather than participating and anxiously buying dips.
Here we have presented some of the best tips that you can utilize to enhance your investing journey. These tips will help you survive the sudden crashes in every season without any limitations.
1. Filtered Exposure to Extreme Volatile Currencies
Reevaluating your current position will save a ton of hassle when things are not in your favor. If anything goes down in the market, you can simply start revaluating your investment pace. This saves you from exposing yourself to extremely volatile currencies. Volatile currencies are often those that are new in the crypto sphere but are in the trending niche due to their mainstream following.
A recent example of such a volatile asset is meme coins or NFTs. People with less experience in the market are often amazed by the hype these volatile assets have. Such people impatiently invest in volatile currencies or projects and end up losing their investments.
To avoid such circumstances, you can reevaluate your decision and visit the project’s GitHub account. This will give you insight into what the project is about, and how many people are anticipating it. On top of this, you will also get to know whether to trust or stay away from the project or asset. You can also put your investment towards stable coins that ensure a lot more potential to gain profit.
2. Go for DCA
DCA or Dollar-cost averaging, a lot of people are familiar with this title. It is the process that involves buying an asset in grave growth rates over time to level the price paid and have revenue for volatility-induced changes in price.
By applying this strategy, investors will be able to increase their exposure to find potent and promising projects. It teaches its users to wait till the market is quiet and to win when people are least expecting.
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Investors should utilize this strategy on projects or assets with consistent growth and development. These projects should have massive engaging communities and a complete, carefully designed roadmap to lead the projects while staying relevant and stable for future success.
3. Staking is Your Saviour
Ever heard the staking? Staking is your friend in the world of crypto. An easy way to track down the success route in the crypto world. It increases the value of your assets for a long time, removing the pressure of fluctuations in the market.
Your staked asset continues to grow and yield profit. Multiple layer-one protocols have staking features to stake their native token, including Solana, Cardano, and Polygon. Ether holders have the privilege to stake their tokens. Gaming protocol also has its very own staking options such as Axie Infinity and Illuvium.
4. Target and Choose Growing Ecosystems
If you can learn one thing from the market that should be sticking with the promising ecosystems and going for growing projects. This will save you from getting stuck in a flop or flawed project or ecosystem later.
Prefer projects that aid token holders through staking, liquid staking, borrowing, and even airdrops. These options will guide you to making enough profit by just sticking with a developing project. When the market turns bearish, such ecosystems and projects often act as a shelter for investors. Most of the protocols offer early adopters rewards to their users or investors.
These protocols have immense community engagement and massive support that leads to their success and when the market faces a bearish mode, such protocols often lead and yield a profit at the same time.
5. Investing in Yourself is the Key
When the market is going at a slow pace and you find yourself stuck In a bearish loop, try to invest in something that is about you that leads you to yourself. Learn the basics of the market, explore mega projects, hear from experts, and desire to succeed.
Learning about the market will pay you in your investment journey. You will have less urge to sell or buy impatiently or anxiously. It will lead you to build patience and wealth. There is no such thing as currencies missing out on growing and developing, when there is a downturn, try learning what jobs the crypto world offers, and what projects can lead you to have a better investment experience.
Apart from crypto, try exploring other industries that can help you in understanding the demands and trends of the future world. You can create your own NFTs, write books and create graphical novels. Do things that have a positive and educational vibe in them.
The manta to win in the market, to survive the scorching crashes of the crypto sphere is to utilize your positivity. Staying positive will help you look through different lenses and will always help you in making the right decisions. And lastly, the ups and downs are part of the crypto market and a good investor should take it as a lesson to win in the crypto game.