# In a Bear Market, Not Losing Money is Already a Win, Right?

$BTC prices continue to fluctuate.
As soon as new developments emerge in the Middle East, the global economy swings up and down.
Whether it's US stocks, A-shares, gold, or BTC,
everything is interconnected and moves the global economy.
With AI development, unemployment is rising.
iFLYTEK laid off staff, NetEase laid off staff, Bilibili laid off staff.
The crypto industry is also laying off.
Block cut 4,000 people, Gemini cut 30% of staff.
Some Web3 projects are either shutting down, pivoting, or going bankrupt.
More and more crypto players around me are exiting the market.
Discord groups are inactive, wealth effects are gone,
The bear market is becoming increasingly obvious.

Today I also noticed
that various Web3 projects I previously staked are nearing zero.
$TON dropped from a high of 7.2 to 1.2, a decline exceeding 83%.
$ATOM dropped from a high of 44 to 1.8, a decline exceeding 95%.
$CAKE dropped from a high of 44 to 1.4, a decline exceeding 96%.
$TIA dropped from a high of 21 to 0.33, a decline exceeding 98%.
These were all real money used to buy tokens for staking.
Originally hoping to earn 10% APY yields,
in the end the yields never materialized and the principal was almost completely wiped out.
There was a period when DeFi staking was extremely hot.
Staking offered yields and opportunities to receive airdrops.
In the end it all came to nothing.
Diligently studying staking processes and strategies across various chains,
turns out it's better to be lazy and just hold BTC steadily.
Indeed, the more you tinker, the more you lose.

Every stage has its hot narratives and strategies,
but all have cycles. After the hype passes, nothing is left.
If you don't timely return to USD-based or BTC-based positions,
almost everything will go to zero.
One player once had metaverse real estate worth $1.2 million,
now worth $6,400, and can't even sell it.
It's not just the once-hyped metaverse,
but also once-expensive NFTs,
DeFi head mining that once yielded 10,000% returns,
GameFi that once broke even in 3 days.
Once the wind and trend pass,
what goes up that fast comes down just as fast.

Cut losses in time.
If you discover your previous strategy was wrong and not profitable,
sell when you should sell, abandon what you should abandon,
update and refine your methods.
Staying in the market lets you encounter more opportunities.

Go with the flow.
When opportunity comes, seize it and ride the wave.
When the wind stops and the bear comes,
don't be stubborn and overtrade.
Put down your phone, close your computer, look up and search for spring.
Wait for the opportunities of the next cycle.

#币圈 # Bear Market