Having been in the crypto space for so many years, I’ve noticed an interesting phenomenon— the worse the market, the more beginners want to trade. Watching prices plummet, their minds start racing: "It’s already fallen so much, what else can happen?" Then the market shows you with real action: it can go lower.

I have a friend’s story that’s very typical. He kept watching a certain coin drop from a high point, and when it was halved, he thought, "This must be the bottom," so he went all in. The price kept diving, and in the end, his account shrank by 80%. He later told me, "The scariest part isn’t being caught in a trap, it’s that self-righteous impulse to buy the dip."

Over the years, I’ve seen too many people crash in a bear market. There are just a few common pitfalls.

**First Pitfall: Mistaking a 50% drop for the bottom.** That’s nothing. I’ve seen many coins fall from all-time highs, and after a 50% drop, they can still fall another 80%. Using the decline to bet on the bottom is essentially gambling in disguise. The market makers love this—they push up a bullish candle to lure in retail investors, then close the door and shake them out.

**Second Pitfall: Mistaking a rebound for a reversal.** When a big bullish candle appears in a bear market, the community immediately cheers: "The bull market is back!" But it’s often just a flash in the pan. Those who chase after it usually end up at the top. Most rebounds in a bear market are traps; patience, not impulsiveness, is needed.

**Third Pitfall: Restlessness.** Once you’ve sold off and stopped the loss, your hands start itching, and you’re eager to jump back in, as if not trading means losing money. But seasoned traders usually stay put during a bear market. It’s not cowardice—it’s strategy. Only surviving capital can profit in the next cycle.

In short, my view is: **The best strategy in a bear market is to stay out of the market.** Don’t always think about buying at the lowest point—that’s for gods. Opportunities are plentiful; what’s scarce is patience. When you can resist the urge to trade, you’ve already surpassed most people.