The Survival Rules of an Old Investor in the Bear Market After 13 Years: Survive and You’ll Have the Right to Laugh Last!
Bitcoin has dropped from $69,000 to half, and the market feels cold. As an old investor who has experienced 13 years of bull and bear markets, I want to talk to you about how to survive in a bear market.
First, don’t fantasize about a repeat of the long bear market of 2018 and 2019. The past bull and bear cycles are strongly correlated with Bitcoin's halving every four years, when Bitcoin's market cap accounted for over 70%. Today, it’s only 42%, with global users exceeding 300 million. Sectors like ETH 2.0, L2, GameFi, DeFi, and NFT are continuously emerging with hot spots, and a local bull market could break out at any time. The myth of a four-year cycle is no longer a strict rule.
Second, choose the right sector and stick to it. I have seen too many people cut losses and leave the market during a bear market, only to chase high prices when the bull market returns and end up in tears. The optimal solution is always: find a high Beta sector and firmly believe in it to ride out the cycles. The market will offer the richest rewards to those who persist.
Third, the bear market is a great filter. Projects like Axie, Solana, and Uniswap, which saw exponential growth, were all forged in the depths of the bear market. The bear market will eliminate 90% of projects, but it will also help you find the next cycle's king.
Fourth, if you are a developer, use your hands to create products that can withstand cycles; if you are not a developer, spend time accumulating knowledge. The most stable path to wealth is through monetizing knowledge in a bull market.
Fifth, dollar-cost averaging is the gentlest knife in a bear market. The market has dropped over 50% from its peak, and while it may not have bottomed out yet, gradually investing in BTC and ETH can smooth out the volatility without you noticing. Buying a bit more when prices hit new lows is a habit I have always maintained.
Sixth, keep enough ammunition for two years. Whether for individuals or entrepreneurial teams, it’s essential to ensure basic living expenses and operational funds. Many excellent teams perish before the dawn of a bull market, not because their technology is lacking, but because they run out of money to endure.
Finally, I’ll leave you with a quote I really like:
Carnival is on the edge of collapse, suitable for withdrawing from the scene; winter is a gentle garment, suitable for moving forward with abandon.
The bear market is the most secretive period for sowing wealth in the crypto world. Survive, and you will be worthy of the next bull market's carnival.
