Introduction:
During the gold rush, the winner was the person who get the desired gold mine.
With modernity, we have cryptocurrencies and this new bear market where the winner is the person who has the patience to buy low and sell high avoiding FOMO.
But sometimes is difficult to find a real opportunity or to apply these strategies to create an investment profit with cryptocurrencies, and/or stocks.
For this reason, I'm sharing with all of my dear readers 3 strategies to survive during a bear market.
First strategy: Buy the DIP!
If you don't know the meaning of DIP, it means ''Down in price'' when you have a stock or cryptocurrency that has a low price, study, pay attention to the chart available at CoinMarketCap, and buy some fractions of this coin/stock.
Buying during the down in price is an excellent idea to maintain your wealth during a bear market, but if you hold some risky cryptocurrencies you will need to assume the responsibility for your profits/losses.
Second strategy: Stake/farm some BUSD!
Don't use all your money into one cryptocurrency during a bear market opportunity, try to stake and/or farm some BUSD tokens, and/or other USD pegged tokens to run away from inflation, and stay safe during a long bear market(don't worry most of the bear market have the duration of 6-9 months).
If you are looking into stock investments try to build your portfolio with some stocks that pay monthly dividends to increase your portfolio with this new money added to your balance.
But don't forget what has happened during this year to UST, and Terra Luna, for this reason, tries to study for a needed time about the project before investing your money(always remember to only invest the money that you can afford to lose).
Third strategy: Dollar cost average investment!
Another good cryptocurrency/stock investment strategy is investing thinking in the dollar cost average of the coin/stocks.
What does it mean?
You will select in your mind some amount of money, like $100, or $500, and each month you will invest this same amount of money in stocks/cryptocurrencies to help with your financial stability.
Try to build your portfolio thinking in diversification instead of fast money making, be careful because you're investing during a bear market, and for doing that you don't have to forget about your stability in the long-term projects.
Conclusion
Bear markets are here to separate the kids from the adults, to separate the immature people from mature people.
Don't lose the bear market opportunity only because you fear losing some dollars in one good token/stock if you have noticed that the project has a long-term vision, study the techniques mentioned here and get a good amount of money.
Always remember to study the project before investing, feel free to ask me anything about this article in the comments below.
