Crypto Bear Market Survival Guide

bear market refers to an industry wide decline in prices coupled with pessimistic sentiments in regards to the overall state of the market. Bitcoin hit its all-time high of $20,000 in December 2017 and one year on has lost almost 80% of its value as over $600 billion in market value has evaporated in less than a year. The current bear market impacting all cryptocurrencies from Bitcoin to Ethereum is nothing to joke about for the millions of investors who bought at record shattering all-time highs in the hope of achieving Lamborghini (Lambos) and meteoric Moon status from expected profits.

Traditional advice given to investors to help ride out the storm focuses on investment wisdom gems such as “only invest only what you can afford to lose” or Dollar-cost averaging. Some ardent maximalists will even advice to stay out of the bear market completely and return after a few years to confirm if your altcoin has indeed turned into gold or is confirmed as a sh*tcoin. While these can (within reason) all be considered sound defensive tactics, we have decided that knowledge is key and what better way to equip you with the necessary armour to survive the bear market then through education and empowering you to learn and share some of our favourite resources to ride out the storm.

Literature:

As far as literature goes this book is essential reading to anyone in the space. This authoritative resource will help you understand how these digital assets were created, how they work, and how they are evolving amid the blockchain revolution. The book sequentially builds upon the concepts of each prior chapter enabling you to easily understand the cryptoasset economy, the opportunities that await in the future of money and markets.

Language:

  • Cryptocurrency – The Lingo

When it comes to language and understanding the lingo within this space look no further than CryptoLingo’s very own video explaining the most common terms used. Having a grasp of the terms within this video will not only give you a quick intro to   in cryptocurrency.

Documentaries:

Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. This Netflix documentary is a great recap of the history of Bitcoin and it helps shine a light on its pioneers and more controversial personalities as they focus on the technology, politics and what the potential implications for society at large are as it demonstrates the people who are defining how this technology will shape our lives.

Articles:

The two articles written by Forbes provide easy to understand examples to understand blockchain and crypto. Beyond Uber presents a hypothetical example where the Uber model is applied and used with a cryptocurrency, creating a ride-hailing coin called RIDE. This helps give insight into how the technology helps keep it smart, secure and ensure it is not copied. Whilst a two minute guide to blockchain really is explained in such a straightforward way making it less daunting to read. Both articles are great simple tools to help bridge the understanding for the reader which becomes powerful.

Podcasts:

By far the best and most influential podcast in crypto. Host Anthony “Pomp” Pompliano, a crypto analyst and partner at Morgan Creek Digital, talks to some of the most respected names in crypto, technology and finance as they discuss everything surrounding digital assets. Essential listening.

Email Subscription:

When it comes to a daily dosage of all things crypto, look no further than the London Block Exchange (LBX) with keeping you up to date with the latest Crypto news, happenings on Crypto Twitter and beyond. The LBX Daily Market Report is simply the best Crypto bitesized overview sent straight to your inbox every weekday. LBX is committed to educating newcomers and experienced investors alike on the fascinating worlds of cryptocurrency and blockchain, doing so in such a refreshingly witty, honest, humorous and intelligent way you feel like you’ve caught up on everything from Politics, Religion and Sport on top of their cryptocurrency news commentary and analysis. The best thing about their reports is that on top of it being completely free and a must-read daily briefing, they integrate hyperlinks and provide references to everything mentioned so for the curious investor it really is designed to help cure ones curiosity and help you make better, more informed decisions. Subscribe to the LBX Daily Market Report here.

Most Useful Resource:

Professional Cypherpunk Jameson Lopp enjoys building technology that empowers individuals. He is passionate about sharing his knowledge with others and has created the best culmination of resources period. This list includes a lot of the above and more, such as trading resources, wallets, exchanges, data tracking sites, and many many more. We recommend you get lost in the magic he has put together and do it all over again! This really is a massive springboard to jump even deeper down the crypto rabbit hole. Lopp truly has done a fantastic job as he shares his utopia to ensure the complexities of this revolutionary system are broken at every level. Bitcoin is complex and has a steep learning curve, his resources will ensure you have everything at your disposal to continually learn through this market and then some.

 

We hope you enjoyed the pearls of wisdom provided in this guide specially put together for our community. CryptoLingo are excited about the future of Crypto and blockchain technology. The biggest barrier to entry that exists is education and we wanted to put together the best resources that make it simpler and easier to understand. We hope this guide helps you through this market and beyond whether you are experienced or not with cryptocurrency and blockchain technology.

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