The cryptocurrency industry is currently experiencing a bear market. Market prices have dropped significantly, and sentiment is low. Additionally, there have been significant events such as the crash of Luna and issues with FTX, further impacting the market, and market hotspots are not as apparent.Currently, it is uncertain whether this is the mid or late stage of the bear market. However, we can draw lessons from this and prepare for the potential bull market.Lessons Learned:- Even with an understanding of macroeconomic changes, many people did not take action. While faith is important, it cannot mask market risks.- Market patterns do not always apply, and each bear market may have different characteristics. The more people know about a pattern, the more likely it is to be broken.- The risks in the capital market are often larger than imagined, and even seemingly invulnerable projects can collapse. No project is truly "too big to fail."Preparations:- Ensure you have sufficient funds to withstand the duration of the bear market. Considering external factors, the bear market may last longer, so be prepared both financially and mentally.- If you have extra funds, consider regular investments in Bitcoin and Ethereum, especially at current low price levels. You can also explore some DeFi strategies, but be cautious of bubbles.- Continuously learn and stay updated on industry technological trends and hot topics. Opportunities for the next bull market may be brewing during the bear market, so early understanding and preparation are essential.The bear market is a time for reflection and learning, as well as a time to prepare for the next bull market. Continuous learning and vigilance may provide you with opportunities in the future market.
