Brave the Crypto Bear Market: Tips for Staying Motivated and Positive
The crypto market is one of, if not the most volatile markets in the world, so it can be easy to get caught up in its ever-changing tides. Prolonged periods of crypto bear markets can be discouraging and, at times, lead to feelings of helplessness, hopelessness, and fear.
But how can one stay hopeful, surrounded by so much pain, faced with the constant “I told you so” from friends, family, and acquaintances, who always wished for the downfall of crypto?
Build, build, build
Although it sounds pretty cliché, bear markets provide an opportunity to assess the shortcomings of the Web3 space, and develop products that bring real value to the table.
Working at SimpleHash has reinforced my confidence in the future of the ever-changing Web3 landscape. As a lean company, we strive to rise above the market noise, by continuing to push forward, regardless of the current economic cycles.
Staying motivated in a bear market can be a challenge — sometimes it feels never-ending — but showing others that brighter days are ahead can bring a sense of comfort and encouragement to all.
Build innovative products and don’t take your foot off the gas. Focus on continuously pushing out updates, staying ahead of trends, and supporting one another.
No matter the market conditions, it’s important to stay focused on the long-term goals of your project and to not be swayed by short-term market movements. It’s also important to remember that a bear market doesn’t last forever. Just as the sun rises and sets, so does the market.
So, take this time to reflect and focus on the big picture, while keeping your eye on the prize.
Clear your head
The bull market was a craze, so-much-so that many of us hardly wanted to take our eyes off the screen — from crypto Twitter to the booming charts, the constant adrenaline kept us wanting more.
Well, that’s long gone… for now, and that’s not necessarily a bad thing. Less attention FOMOing into the flip of the day gives us a lot of our time back, which we can use elsewhere.
Whether it’s getting together with friends and family, or simply taking the time to learn a new skill, it can be a great way to stay motivated and to stay connected.
A prominent crypto influencer, who shall not be named (IYKYK), advised his followers to “remove all distractions (friends/partying)…aka move….repeat and don’t change your lifestyle till [you’re] rich.”
That’s just sad, to say the least. Our loved ones and our peers act as support groups during the darkest of times, and easily enable our transitions from changing market states — so don’t feel ashamed to seek comfort from your supportive friends and family members.
Additionally, even if you’re not actively building Web3 products, there are still plenty of ways to get involved and to stay productive in the space. Attending conferences, both physically and virtually, participating in hackathons, and showing up to Web3-focused meetup in your city are all great ways to stay engaged and inspired.
At the end of the day, no matter the market conditions, it’s important to remember that we’re in this together, and that brighter days are ahead. Stay dedicated, stay motivated, and keep your head held high.
If my words carry any weight, I take pride in being a source of hope, even in the most challenging times.
