Cryptocurrency Bear Survival Guide: I think the way to survive is always simplicity and kindness

Let’s start with the meaning first, if you want to find the currency here, you can buy it and earn it immediately; what currency should be purchased at that water level and shipped at that water level; those projects have more good news and others are more negative. You can turn it off now. Because this article will not have these suggestions. Even if I'm not in the currency market, in the stock and bond markets before, I'm not interested in how to buy low and speculate high, let alone any research experience.

When it comes to cryptocurrencies, I didn't start out because I wanted to invest and make a lot of money. I was looking for a comfortable place to speak freely, and I wrote my heart, so I came to this platform by accident. It just so happened that this platform has a clap button under all articles that can earn likecoins, and I entered the currency circle unknowingly because of holding cryptocurrencies. Even if there is a small amount of decentralized financial investment later, it is to experience decentralized finance first-hand. It can be said that the purpose of learning is more important than investment. I believe it is because I didn't invest in the first place, so any bull market or bear market will not make much waves in my heart. In fact, I have never considered cryptocurrencies as an investment tool like stocks. Instead, I use it more as a currency. Yes you heard that right, I do take it as the currency that the average person considers to be money. So when it comes to surviving the bear market of cryptocurrencies, what I want to share is not the investment concept but my money concept.

If you think of cryptocurrencies as money rather than investment tools, then the vision and mentality will be much simpler. The average person sees whether money has value, whether it is high or low, and the standard is very simple - whether it can be exchanged for the desired goods and services. If you can, it is valuable, and the more you can exchange for the desired item or service, the higher the value. If it can solve the problems that many people are facing but have no solution, then the value will be even higher. Take likecoin as an example. In addition to promoting the creation of value, it also creates a decentralized publishing infrastructure that helps loosen the increasingly threatened creative freedom. AR, as the platform currency of ARWEAVE, maintains the operation of this decentralized organization that provides permanent storage of content and fights unscrupulous content censorship. Both of the aforementioned cryptocurrencies have their native uses and are responding to the great challenges of the moment. I think they are all coins worth holding. They still have value even in a cold winter or even an ice age. Recently, Factwire, the only remaining independent media focusing on investigative reporting in Hong Kong, announced its closure. Before their website was closed, I registered the reports worth saving on the blockchain with likecoin for permanent storage. This is what happened last week. At that time, the legal currency exchange rate of likecoin was much lower than one cent and one dollar, but its value remained unchanged.

In a bear market, it is important to flexibly switch to different perspectives and perspectives. During the good times of the currency market, we can easily use it as an investment brain. What coin rises and gains interest, rush to pursue what coin. When people give some airdrops as bait, they don’t see what the relevant projects are doing, what goals they have, and want to solve those problems. Anyway, the market is good for all the coins, and it’s right to slam into it. When I arrived in the bear market, I was naturally overwhelmed, and left the market in a hurry, and even vowed not to enter the currency market in the future. Reverting to the basic steps Thinking of cryptocurrencies as pure money can help us break through the limitations of our investment brains, and our minds can flexibly shift paradigms in response to situations. Without investing in brains, what brains can we transfer to? I myself have used the following two brains to use the cryptocurrencies in my hand, and even decide whether to increase my holdings of a certain cryptocurrency.

First, the idea brain: Judging which projects are worthy of support with the idea brain is very different from the investment brain that looks at the appreciation potential and past record of ups and downs. People with conceptual brains will seriously understand the problems the project wants to solve and what goals it will achieve. Based on the concept, we will also carefully observe whether the project party continues to work hard to achieve the goal, especially when the environment is harsh. Take the likecoin team as an example. Even though the currency market has entered the cold winter, they are still working hard to upgrade the appreciation chain and achieve a more complete decentralized publishing infrastructure. Therefore, even though the price of likecoin has dropped to a terrible level, I am still willing to pay for likecoin as a pledge to support the project team. In this way, the idea brain and the investment brain look at problems and make choices very different, right? In other words, Bill Gates recently asserted that the value of NFTs will be zero. But I don't think the investment brain seems to be able to see that there are genuine collectors, movie fans or fans in the world. They don't buy NFTs hoping to make a lot of money for themselves because of the price increase, but they really like the work and want to collect it, or they really want to directly support their favorite actors/singers to avoid them being exploited by middlemen .

Second, the public welfare brain: When the financial tsunami swept the world in 2008, I once read an article in the "Christian Times Forum". The author encourages people to let go of their money-making mentality and use their spare money to help others in an age of financial traps. At that time, I not only did not understand the author's point of view, but I thought it was stupid. Today, fourteen years later, I have experienced more of the world, and I begin to understand. As @bean mud believes, public welfare NFTs will survive the cold winter of the currency market. why? Without him, the public welfare brain and the investment brain are two opposite structures of philosophy. The public welfare brain will not care how much profit those projects and coins will bring to itself. What they care about is how much effect their efforts can bring to reform the society. Just like when I donated cryptocurrencies to Ukrainian humanitarian support organizations, I did it when the price of the currency was good, and I still did it when the price of the currency fell sharply. The price of the currency will not affect me. Some people may think that the price of the currency is so low, don't they reduce the donation amount by donating with cryptocurrencies? I can't deny this, but the advantages of cryptocurrencies over fiat currencies, such as saving the time and resources required for remittances, people living in authoritarian societies are easier to avoid the difficulties and threats of the state machine, etc., even in the cold winter of the currency market. The advantage remains. Therefore, in the field of public welfare, cryptocurrencies still have advantages and uses that legal currencies do not have. Those who use the public welfare brain can easily see these advantages and uses.

When it comes to surviving a bear market, it's easy to look at how we can survive a tough environment. But have you ever thought that when the currency market enters a cold winter, whether the currency market itself can survive is just as important? Just imagine, if everyone only has an investment brain and leaves the market when the market is unfavorable, then the entire currency market will cease to exist. How can we survive the bear market and welcome the next bull market? I think that to survive the bear market, the most important thing is to be able to look at the problem from different angles according to the circumstances. But if we want to maintain such flexibility, we often need to restore the basic steps, start with the simplest and purest mentality, and turn self-interest into altruism, so that we can deal with difficult situations from a more flexible and macro perspective. In the worst of times, I think simplicity and kindness will be the most important way to survive. It is also hoped that the currency market reborn after the cold winter will be a beautiful ecology supported by simplicity and kindness.