Scared of a Crypto Bear Market? Do These 3 Things Right Now
With the prices of leading cryptocurrencies like Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), and Solana (CRYPTO: SOL) plunging over the last 30 days, many as much as around 30%, it's natural for investors to fear the onset of a bear market. But there isn't any guarantee that a bear market is here, or that one will come soon.Regardless of what happens, you aren't powerless in the face of the market. If you're afraid, there are three ways you can prepare.Your confidence isn't going to withstand dropping prices for very long if you haven't articulated a strong investment thesis for each coin you're holding. If you're worried about a bear market, check that the theses for your holdings are as strong as they were on the day you invested.Continue reading
With the prices of leading cryptocurrencies like Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), and Solana (CRYPTO: SOL) plunging over the last 30 days, many as much as around 30%, it's natural for investors to fear the onset of a bear market. But there isn't any guarantee that a bear market is here, or that one will come soon.
Regardless of what happens, you aren't powerless in the face of the market. If you're afraid, there are three ways you can prepare.
Your confidence isn't going to withstand dropping prices for very long if you haven't articulated a strong investment thesis for each coin you're holding. If you're worried about a bear market, check that the theses for your holdings are as strong as they were on the day you invested.
