Note that some in the blockchain community do indeed confirm the onset of the so-called bear market. Among them is Cardano founder Charles Hoskinson, who acknowledged in the first half of May 2022 that the crypto niche has indeed moved into such a trend. So hoping for a crazy rise in coins just isn’t exactly something to hope for. Here’s a related article on the subject.

How to survive the collapse of cryptocurrencies

A whole series of articles could be written about a trader’s plan of action during a downtrend. Luckily, a user nicknamed Guy Swann has nicely compiled all the tips for newbies on his Twitter feed. Here are his recommendations.

• Buy Bitcoin, keep your private keys;
• ignore market prices and don’t “gamble” on trading, i.e., “gambling”;
• Do not trade with leverage, get a job;
• accumulate crypto regularly and prepare for the collapse of the financial system;
• Take care of your family, use your free time to learn something new.

Bitcoin exchange rate over the last 30 days

It is important to note that the recommendation to hoard Bitcoin in principle also applies to the most promising and well-known altcoins. At the very least, experts suggest that popular altcoins like Etherium, Solana and Avalanche will probably survive even the most prolonged bearish trend, as they have already proven their usefulness. Accordingly, in the case of such projects, a collapse period is only a buying opportunity. But then again, you need a source of money to buy coins, so operating in a bear market is a necessity.

Overall, the bear market period is a great opportunity for an investor to prepare for the next bull run as efficiently as possible. According to Cointelegraph’s sources, new promising projects that can bring in tens of X’s are founded just during a general depression in the market and are already at the top of the list by the time it rises. That’s why during Bitcoin’s fall, you need to be very active in researching the industry and looking for new promising projects.

Traders, on the other hand, can improve their skills in analysing cryptocurrency charts. But, as Twitter user 6529 hints, don’t keep trying to predict the direction of the market all the time. Instead, you need to establish a steady source of income, take control of your emotions, and learn new skills.

Your goal is to survive. So analyze your emotions, forget about maximizing your portfolio, don’t try to predict market behavior, consider different scenarios, including “an even bigger collapse from here”, get your finances flowing, increase your knowledge, enjoy life and look forward to 2030.

The year 2030 has been mentioned here as a possible period of massive popularisation of digital assets, which is nothing compared to what is happening today. According to the trader, if you can afford to keep investing until 2030, you will definitely do well.

Many Europeans have been following at least part of the above advice for quite some time. According to a study by Kantar, Europeans are increasingly looking at crypto as a savings tool. The analysts surveyed 3,000 respondents who trade in 14 markets in Europe, Asia and Latin America.

Fifty-five percent of European participants in the survey said they currently own cryptocurrency. Moreover, 70 percent of them said that the main function of crypto is to be used for their family’s needs. On top of that, the survey also revealed that 61 per cent of respondents viewed cryptocurrency as “a good way to diversify investments”.

Buying cryptocurrencies

In addition to these findings, the study mentions that three out of five European respondents reported a 50 per cent increase in their crypto investments. While this figure is not as significant as winning the lottery, the study notes that more than 80 per cent of the transactions of surveyed cryptocurrency owners are over a thousand dollars in value.


We believe crypto could indeed be a profitable savings target on a bearish trend. Given its growth potential, digital assets have every chance of showing even higher returns in the new bull run. The current market conditions are therefore not the end of the world, but even the opposite. And if you take advantage of them correctly, the potential for gains could be enormous.


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