Top 5 Tips to Win in a Bear Market

2 years ago
24

I remember the previous crypto bear market after the ICO bubble burst in early 2018. It was striking similar to this one, with most alts going to zero, and the better performing ones down 75-80%. Most never recovered.

I was still relatively new to crypto and felt dumbfounded. All the hype seemingly evaporated overnight and in some cases I was left holding the bag.

I temporarily lost interest, but never lost faith. After a short break from crypto and markets altogether, I came back inspired. I literally spent thousands of hours over the next few years in crypto, finance, and markets, despite nothing seeming to happen, at least on the crypto front.

That time prepared me for the bull run of 2021, where I capitalized. Seneca says that ‘luck is where preparation meets opportunity.’

I firmly believe the opportunity will come again, so the question is, will you be prepared when it does? Here are the five key steps I took during the previous bear market and how you can apply them today to crush it going forward!

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DISCLAIMER: Everything Alec Torelli says on the CrypTorelli YouTube, his trades, strategies, and news coverage are based on his opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the cryptocurrencies and public and private markets, and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence. You and you alone are responsible for all of the financial risks you take.

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