Play Safe While There is a Fear in the Market

It would be fair to say that we are in a bear market. In the first half of 2022, Bitcoin is down by almost 40% while most of the leading altcoins have dipped around 50% to 70%. That doesn't necessarily mean that you have to exit.

Back in the year 2021, we had record with some of the cryptos getting to their all time highs with NFTs selling in millions and DeFi getting multi-chain going beyond ETH.

Recently, the situation is different with most of the market in bleeding. We saw the crash of Luna UST showing the investors how unpredictable the crypto market could be.

The Fear and Greed index does indicate that there is a fear in the crypto investors and they are feeling not easy.

That may not be smart for investors to leave crypto now and wait for the next bull run to jump back in.

It has been a tough year for the crypto investors specially those who have invested in the start of 2022 with the market in bleeding.

There are a few things for crypto investors to consider in this bear market.

• In an uncertainty about the crypto prices and the bear market, you could move your funds to the trusted stablecoins. What that you would increase your chances of portfolio protection from any market collapse. It also could be good in terms of buying other assets if the market starts going bullish again.
• Looking to start dollar-cost averaging could also prove fruitful in slowly rebuilding your portfolio.
• If you are convinced about the future success of a crypto asset that you are holding, you could HODL your assets and wait for the bear market to end. Plus if you believe in the future of a crypto, you could buy the dips.

But again, we can't predict the future nor there is any guarantees, therefore, invest the amount of money that you can afford to lose.

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