The crypto market is currently experiencing bearish times. Although we are still hopeful for a better future in the market, we must equip ourselves with knowledge on how to survive and still get the most out of our assets.

Whether you’re a beginner or an OG crypto trader and investor, here are five ways to help you scale through the crypto bear market and come out on top.

5 Ways To Pull Through The Crypto Bear Market

1. Apply Dollar-Cost Averaging:
Investors implement different crypto trading strategies for a successful investment, and dollar-cost averaging is one of them.
Dollar-cost averaging is a long-term strategy where you continue purchasing small amounts of an asset over a certain period, regardless of the fluctuating price.
This is said to be one of the best strategies to implement during a bear market.

2. Only Invest What You Can Afford To Lose:
The crypto market is risky, and with its volatile nature, you are bound to lose some money. That is why it is crucial to only invest an amount of money you can afford or are comfortable losing.
For example, you finally got a hold of a large sum of money and are looking for ways to multiply it or invest it in the long run. It is not wise to invest all this money into cryptocurrency, knowing fully well it is a bearish season, and you can lose a lot of money.
Instead, set aside a particular amount of money you can “let go of” and invest it into crypto.
This does not mean that you cannot gain a profit with this, but it is better to be safe than sorry.

3. Diversify Your Portfolio:
There are thousands of crypto coins in the market, yet some people only invest in one cryptocurrency, mainly because they believe they need to focus on only that one as it will bring them a lot more profit than others.
This will affect you significantly during a bearish season because you have no other assets to fall back on.
To diversify your crypto portfolio, you must spread your investments across multiple crypto assets and not focus on one only.
Study the crypto market to know which ones to invest in, as some may be dead or shitcoins.

4. Do Not Leave Your Crypto on Exchange Platforms:
The risk of losing your funds stored in these exchanges and not being able to redeem them is even more likely during the bear market season.
Imagine a sudden crash in the market. The market would be wiped out of billions of dollars, leaving many exchanges with no choice but to liquidate.
If you want complete control over your crypto assets, select a non-custodial wallet app or, better yet, a hardware wallet.

5. Stay Calm:
In a bear market, it is common to see traders panic and sell off their assets because they think a heavy crash is coming soon, but unknowingly, this mass panic sale is what actually makes the market crash further.
That is why it is essential to stay calm and not let FOMO take over because sooner or later, the market will rise again.

Conclusion
When getting started in cryptocurrency, you need to understand that market crashes are bound to happen, and just like we have the bear market, we also have the bull run, and things will eventually get better. With sound and well-thought-out investment strategies, a clear financial goal, and these tips discussed above, your chances of surviving the bear market are higher.

Keep your head held high, and in the end, WAGMI.

None of the information stated above should be taken as financial advice.

This article is written by Somebody From Breet. Breet is an OTC crypto trading platform in Africa where users can receive, sell, convert their crypto to cash and withdraw straight to their local bank account in less than five minutes.