- @cryptomanran posted a long thread of advice for investors during the current bear market.
- He tells his followers that the bear market will probably last longer than they had anticipated.
- Lastly, he also says that the current market will pass.
The crypto bear market poses a learning opportunity as well as a chance for crypto investors to research and identify projects with high levels of utility. One crypto Twitter influencer, @cryptomanran, posted multiple threads of how the crypto community should embrace the current bear market.
As a 2015/19 double Crypto bear market survivor, the biggest lesson I learnt is that beating a bear market is about one thing; PATIENCE.
All you need to do is SURVIVE until it turns & trying to rush a bear market will wipe you out. Here are a few other tips that may help. A 🧵…
— Ran NeuNer (@cryptomanran) May 24, 2022
Firstly, he tells his followers that they should “come to terms with the fact that the bear market will last way longer” than they had anticipated, and advised his followers to stop looking at the screen – constantly checking prices.
Next, @cryptomanran says that people should only use Twitter to gauge when the bearish sentiment is low enough to start buying again, saying that “Twitter is an echo chamber for mainstream sentiment.”
4th on @cryptomanran’s thread of advice is to focus on fundamentals, sharing how important it is to “find projects in your target narratives that are well funded, building and shipping through the bear market.” Next, he tells his followers to “Get out of any project that isn’t well funded.”
Number 6 and 7 on @cryptomanran’s list is to get your tokens off of exchanges and to also block out the noise. He also says that this time in the crypto market is the perfect opportunity to learn as much as one can without being bombarded by hype and FOMO.
According to the Twitter influencer, crypto investors should now only look at fully-diluted valuations and investors should use this opportunity to buy as much crypto as possible during this time, as well as take the opportunity to build a well diversified portfolio.
Lastly, @cryptomanran states that the current market will “DEFINITELY PASS”. Investors should not get out of this market thinking that they could have bought more.