It’s a FUD bomb.
What can you do when panic sets in and paper hands start a tidal wave of selling?
Panic sales aren’t exclusive to crypto markets.
We’ve seen them in stocks, commodities and even, that's right, Beanie Babies.
But the strategies to weather a storm are tried and true.
We're going to show them to you today.
Let's get it!
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Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
My name is Ben.
Everyday, I show you how to make money in crypto.
If you like money and crypto, then make sure to hit that subscribe button.
In this video, we're going to be talking about bear market survival strategies.
Now, before we get into this video,
I have to tell you guys,
we're not in a confirmed bear market.
In 2017, we never saw a correction this large.
However, in 2013, we did see a correction that was even bigger than this.
And a lot of people consider that to be a mini bear market within the larger bull market of that time.
Right now, we don't know anything for sure.
We need to see the market stabilize.
It could be that down the road,
we look at this dip as the defining moment of those who have versus those who have not in this bull run.
Ultimately, I do not believe that this is the end of the bull run for sure,
but we have to make this video to give you guys some bear market strategies
because the last thing I want is to tell you guys that we're in a bull market,
and the prices continue to go down forever.
So while my personal opinion is I don't think it's over,
we need to give you guys the tools to make the decisions for yourselves.
Let's say you wake up one morning.
Let's say a Wednesday morning maybe.
And you see the crypto market is down 10%.
You shrug because that's no big deal.
You got diamond hands, baby.
But what about when 10% turns into 15%?
20%?
30%?
50%?
You log on to Coinbase,
but nothing is working.
Your friends are blowing up your phone with text messages.
Bitcoin haters on Facebook are sneering and laughing.
Twitter is somehow even more toxic than normal.
What do you do?
Well, first off, take a minute.
Get calm.
Make yourself a tea.
Get on YouTube and watch a 5-minute video of Korean street food vendors making barbecue.
The exchanges are probably down anyways,
or there are volatility halts,
so you can't move your money anyways.
Markets tank all the time.
As recently as 2008,
the Dow, Nasdaq and S&P 500 all tanked 50%.
It wasn't the end of the world.
And if this is money that you can afford to lose,
why would you?
All the losses that are staring you in the face are unrealized.
There's a saying in trading
that when the bear shows up,
you play dead.
So when the panic starts to dissipate,
the market will bounce off the bottom,
and that's your chance to move your portfolio into stablecoins,
finance coins that give you interest while spreading out your risk,
or find a staking program.
Making small moves keeps you anchored during a cold winter.
The second strategy to use during a bear market is take the time to accumulate
using the very unsexy and boring but effective dollar-cost averaging.
Think of it this way.
Your buying power has increased relative to how much the market has dropped.
Top 10 coins are good targets for DCA,
and they'll fatten your portfolio up so that any further losses can roll off your back.
So using dollar-cost averaging is the smart way to keep accumulating quality coins
even while the bear is on the prowl.
The third strategy is similar to the first.
There's an old saying on Wall Street that applies to pretty much all financial markets.
The Dow climbs a wall of worry.
As the bear market drags on,
remember to keep your cool
and not make any emotional trades
once the dust settles and consolidation takes over.
It's amazing how much financial pain you can avoid by not following the herd.
Also, take this time to evaluate your exit strategy.
Does it still make sense?
Do you need to adjust?
Separate the worry from the equation and use logic to keep your exit strategy robust.
If you can,
move your money into other hard assets like real estate, land or even precious metals.
All these have value and should be a part of anyone's portfolio.
Investing is about timing, research and control.
During a bear market, it's even more important to remember these.
Fourth on our list is to mark your targets.
Once the market has settled and you've been playing dead for a bit,
use this time to scoop up handfuls of the quality coins
that you've had your eye on.
Polkadot 50% off?
Yes, please.
Bitcoin under $40K?
I'll take some of that. Thank you.
But only consider this strategy after you secure your portfolio
from any further big swings or losses.
If you have the means to do so,
you'll be able to set yourself up for the next bull market,
and your gains will have the potential for a parabolic upside.
While crypto old-timers have seen dips and dives before,
our heart goes out to those of you who are new to crypto
and are seeing your gains get wiped off the map for the very first time.
This is the make-money-in-crypto channel after all.
But crypto is a new disruptive technology.
And with that newness comes a lot of volatility.
It's something we talk about on this channel all the time.
We made video after video teaching folks how to protect themselves from a bear market.
And I encourage you guys to look back at those videos.
We'll link a few of them down below in the description.
Help out your fellow BitSquad members
and comment with your favorite bear market survival strategies.
But that's all I got.
Be blessed.
BitBoy out.