Cryptocurrency Bear Market Survival Guide (invited)

Under the premise that the currency price may be cut in half, but "the cryptocurrency market will not disappear", "Suffix" has a special issue, which is planned to reassure investors. Seeing the data that the book value is cut in half and then cut in half, what should investors do at this time?

How to adjust investment strategy and mentality?

In the face of USDT also having a crash crisis, what other stablecoins can I buy? (Which are considered the safest right now are USDC and BUSD? )

Currency Market Tsunami II

Now that USDT has continued to show a discount compared to USDC, the culprit behind the whole situation has become more and more obvious, and it is easier than ever to attack USDT now, because the market has been startled, especially for "stable coins". The market value of USDT is still at US$76 billion, and if USDT collapses, it will have a second impact on the currency market, which still has a market value of US$1.3 trillion. .

The LUNA-UST system has many similarities with the linked exchange rate of the Hong Kong dollar, and the predatory attack on UST this time is very similar to the Asian financial crisis in 1998. Southeast Asian countries and South Korea with insufficient foreign reserves experienced market crashes. The big man's Hong Kong, because the government decided to enter the market to intervene in the stock market, successfully resisted the offensive of the big crocodile. But today, the environment facing the Hong Kong dollar has changed significantly, especially the people's hearts are very fragile. The confrontation between China and the United States has made the Hong Kong dollar linked exchange rate without a barrier. I think the incentives for predators to attack the Hong Kong dollar have become stronger and stronger. I even speculated that the UST storm was an exercise to snipe the HKD.

The last paragraph at the end of the article:

But I will maintain a bear market mentality, always have a backup plan, and seek progress calmly and steadily.

When it comes to the third tsunami of the currency market , warnings are attached at the beginning and end of the article:

*** This article is not investment advice, cryptocurrencies are very risky***

What is meant by " bear market thinking, there are always backup plans "?

 What I want to ask is, if the invested capital is definitely spare money, it will not affect life, and if you buy the right currency, even if you lose 90% of the book, is there no need to be nervous?

Let’s first review an investment mentality

Enter to buy bitcoin today, what if it falls sharply tomorrow

Conversely, even if it is ATH at the beginning of the market and then continues to fall, insist on buying a fixed amount of US dollars every day. The decline means that you can buy more at a low price and reduce the overall cost. Just make sure that the selected assets are built well in the long-term and buy daily. The required funds can be sustained, regardless of whether the market is rising or falling, it can be easily faced.

Enter to buy bitcoin today, what if it falls sharply tomorrow? Don't be afraid, don't think, keep buying, relax, focus on work, and enjoy life.

 Regarding the psychological pressure, Bitcoin is still worth 20,000 US dollars. Does the bear market thinking mean that there is a psychological preparation that the currency price may fall below half? Do you have to wait until the ideal price in your heart appears before you shoot?

Let's review the investment mentality: the investor's self-cultivation

We are strictly disciplined on weekdays, don’t invest with assets for daily life, don’t use loans to invest, don’t use leverage, and allocate assets well, we can face the bull market and bear market with ease, because we know that we have made the necessary arrangements.

Investing is nothing but managing assets, and assets are for living. Please use the least time investment, and focus the energy you save on life and the people around you.

7 things you can do at Web3 in a bear market

6. Saving money: Participation often requires principal. Workfi is still the most stable and fast way to save money. If you have a job in web3, congratulations, if not, it doesn't matter, the accumulation of principal is the confidence to participate in the next bull market.

If you have spare money, you can invest . However, if you don't establish an investment concept, you will enter the market rashly, and it is easy to come out in a big way. Besides saving money, there are other things that must be done.

1. Research and study: reading, reading articles, taking online courses, depending on which web3 field you are interested in, it can be roughly divided into currency, NFT, gamefi, DAO, metaverse, and some less popular ones include socialfi, creator economy, etc. . Continuous learning is fundamental. There is also overlap in these areas, so getting to know you may touch two or three areas. Sources If you want to get in touch with the latest news, mainly online articles, if you want to delve into a special field, you may look at some books that have been published for several years. English content is far more than Chinese content.

Backup plan?

After losing more than half of his assets in the Terra incident, he severely tortured himself

In the recent UST depeg and Terra zero events, from the perspective of the dollar, I lost more than half of my assets in a short period of time.

I tried to be honest with myself, and in addition to deep reflection, I also characterized the incident, hoping to remind myself and others in the future, and avoid repeating the same mistakes.

Has the seemingly crisis-ridden cryptocurrency investment market stopped you?

Invitation theme:

✔️Share investment strategies and ideas in response to the bear market

✔️ Comprehension after personal investment loss

✔️ Advice for the prisoner or newbie

✔️After reading the articles listed above or responses

✔️Old text can be

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