How to Make it Through a Crypto Bear Market

In this clip from the Chain Chatter pod, we talk about how to make it through a crypto bear market. Crypto cycles hit very hard. You feel extreme elation when the top is hit... you feel rich to no avail. You feel on top of the world.

Then the crash comes and you wonder how it all went wrong. You may have expanded your lifestyle. You may have taken on debt to buy big things. You may have leveraged your positions.

Regardless of what you did, the bear market is when you need to hunker down, make sure you have the runway in life and business that you need to sustain yourself, and ultimately: keep stacking crypto.

The bear market can make you a fortune. That's where fortunes are truly made. We simply collect our fortune in the bull market.

In this clip,

  • Khal: All-in podcast - Create a runway
  • Take profits, endure the losses
  • Bear markets are to learn lessons, never feel the pain again, now there's defi and stables to store value and earn
  • Fund your own development
  • The bears might not be over and there might be more pain, so better to have 3-5yrs worth of $
  • No runway $ = bad decisions
  • Dan: Also down 95% down last bears
  • As a founder make sure you have the funds, and a ride or die team that is not easily poached
  • It's different to be an investor than a founder, cause you're not making decisions for yourself but for everyone
  • Be smart, don't be greedy, take profits
  • Have a side hustle to not sell when it hurts
  • Humble yourself and be able to make money while the bears
  • Matt: It's not about finding a good business, it's about passion and not just the money

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Great pod and advice. Always pleasure reading your insights

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People need to change their mindset from being Mr Diamond Hands dia
to take some profits and letting some go

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Regardless of what you did, the bear market is when you need to hunker down, make sure you have the runway in life and business that you need to sustain yourself, and ultimately: keep stacking crypto.

Having an alternative during the bear season is definitely important, just as having an escape route in accumulating more too is also vital.

Good to see this coming from you, nice insight

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-95%?
Most of the adults are already there. Most of the coins in my portfolio are there too and I have not bought the bottom. I lived to go through a bear market with underwater bags and I'm pretty much doing it again. Maybe next bull cycle I won't be so greedy and pull out more profits. I should do that...

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Very strong post. I will take this point of just in practice and reading it and follow it I will make it through

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This is a timely post. Let me spread this message by reblogging it.
Thank you very much

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