How can I avoid crypto bear market mistakes and be ready for the next bull run?

Cryptocurrency prices have plummeted, some crypto projects have gone bust, many companies are struggling and have stopped hiring, and the usual “crypto is dead” headlines are hitting the mainstream media. Things aren’t looking good.

But those who have been in crypto for a while have seen it all before. Crypto’s extremely cyclical, characterized by bear and bull markets. In bull markets, like the one that started in late 2020 and ended in late 2021, prices can rise by double digits on a daily basis. During those times, it feels as if the market is destined to go only up. But in a bear market, prices may fall 90%, followed by another 90% and so on.

Although the previous crypto bear markets coincided with bullish sentiments in equities, now crypto is tightly correlated to a macro environment with a recession potentially on the horizon.

Should you panic? Should you double down on investments? As we enter the depths of the bear market, i asked survivors of the last bear market for tips on how to stay sane during downturns, decide and take the right courses of action and prepare for the next bull market. They were crypto newbies when they began, but today they are deeply embedded in crypto, participating as investors, developers and traders.