The 2022 crypto bear market has wiped out more than 70% of the market cap from past $3 trillion at the peak of last year’s bull market, but now the market cap is above $1 trillion. However, the Crypto community on Reddit has shared some coping mechanisms and tips to maintain their mental health during this event.
One Reddit userwritethat they have a long-term view, so they ignore daily volatility: “I don’t care about charts. And make sure I have a full-time job so that I can always have a reliable income as Crypto is a long term game for me. So daily volatility is not important.”
One user suggested that: Don’t invest more than you can afford to lose. and said that until the bull market returns They use Dollar-cost averaging, or DCA, which is the practice of systematically investing in equal amounts at regular intervals. regardless of the asset price
Some users suggested the importance of getting some fresh air and wrote: “Go out for some fresh air. Does the graph cause you stress or disappointment? go out for a walk And remember, the best investment you can make is your mental health.”
The Crypto Winter May Last For Years But in the end it was a cyclical event that would be followed by a bull market.
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