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Right now, we are all being the witnesses of a continual fall in the cryptocurrency market. Questions like: how long will it continue, where is the bottom and how slow will the recovery be, are being impatiently asked by everyone, but no one seems to have stumbled upon the exact answer to them either. Even the most ardent supporters of cryptocurrency have found themselves in damped spirits over the recent developments in the cryptoworld. However, if you are engaged in the crypto market right now, do not despair — not everything is so bad. Here are the five reasons to help you look at this particular bear market with a more positive outlook.

The Trust Test

The crypto-community on Twitter or any other social network only ever has two moods: when things are going great — everyone is in complete euphoria, but when things are not looking so good — everyone loses their mind, ripping their hair out of their head. At the moment, the current situation would be classified into the “not looking so good” category, in fact the market has already plunged into a downward spiral for quite a while now. Things have not been looking positively for such a long time that even the most experienced traders stopped giving advices or positive encouragements and finally became depressed as well. At this point, the less decent analysts (to call them nicely) have long cleaned up their posts with their dubious predictions about the next bully run as if they never made them in the first place.

The decrease of all the buzz around the market is however the exact benefit, that any bear market provides and the crypto one is no exception. Right now, you are being given an excellent opportunity to find out who exactly can you trust, and who you should ignore instead. After all, even the veterans of the cryptocurrency trade, who you may have been counting on throughout your entire crypto engagement, have not always given or are capable of giving accurate predictions during these times. Nevertheless, the bear market is partially a blessing on its own because it allows the market to be looked at with greater amount of clarity. However, this needs to be assessed primarily by yourself. The reason is simple — if you simply rely on the more vocal ones, who invested a lot during the peak time, it will often result into being great gamble. It is because the vast majority has all incurred significant losses and is now facing crude repercussions. The opinions of the many will therefore only reflect two attitudes — them admitting their failure and attempting to deal with the consequences or them trying to “get rid of all the evidence”. And trust me, those who conceal the truth are usually pretty good at it.

Death of scam

The bear market separates the wheat from the chaff perfectly. This is applicable not only to the experts and analysts, but also to cryptocurrency itself. It is at these times that you get to clearly see who has failed and who has risen above the midst of chaos. But this is not the most important thing.

The fact is that scamboins, that is, fraudulent cryptocurrencies, face death quite quickly in the bear market. The pace of new scamming schemes emergence has also been in significant fall, but bear in mind that this benefit will be diminished as soon as the market begins to recover itself. Although fraudulent schemes will always be appearing here and there, the bear market must be given its due — the worst of the worst have already begun to drop out of the game and are facing inevitable elimination.

The best time to learn

During the cryptocurrency fever at the end of 2017, most of the investors did not have much time to study or explore the market in detail. It was possible to print out for yourself the first page of CoinMarketCap, hang it on the wall instead of a target, randomly throw a couple of darts on it, invest into the randomly hit currency and yet profit. However, face to face the current bear market, you can not simply do that anymore unless you want to commit a crypto suicide. The brain simply no longer runs on such high amount of adrenaline in anticipation of a major change happening every other minute, therefore releasing all the needed dopamine and other happy hormones, which would motivate you to check the value of your portfolio every second minute as well.

Right now, it is the time to step back and learn: all your decisions must be well thought out and verified, if you want to live another day to see the sun rise in this market. And remember — all the hard work you have done during this period will be rewarded tenfold when the bulls return.

It’s time to fill your portfolio

It is easy to talk about stuffing your portfolio with some crypto. At least it was easy once. But now, when your portfolio has dropped in price by 80% and there is not much more out there to invest in, there isn’t much enthusiasm left for talking about it so much, right? Nevertheless, if you are a maximalist, opportunist or think that Bitcoin will once again conquer a new peak, now is the time to act. Do not stop the development of your portfolio simply because the market is filled with bears. In fact, a foundation is being built for the next rally. Buy when there’s blood on the streets. As Warren Buffet famously proclaimed: “be fearful when others are greedy, and be greedy when others are fearful.” So go on, buy whilst all is cheap, and wait for it to soar up on value once again. Because people’s fears come and go around, but the actual value that a coin can bring for you through its functionality remains constant.

Time to reconsider

The world of cryptocurrency is truly beautiful and full of wonders, but it can put you into an incredible amount of pressure and leave you without means of livelihood as well. If not careful enough, this double edged sword can proof to be your downfall much more quickly than you think. So do not chain yourself to the screen for the majority of the day, or even to all three of them, if you are one of the ‘serious’ traders, who constantly twitch around with a cup of coffee in their hands, stressing that another new bottom has been reached — this only harms your health. By no means do I urge to give up on this world, but a bear market is always a good opportunity to take a break from all of it and go out into the “real world”. Set yourself new priorities, review your other interests, or begin to pursue your other goals. Who knows, a lightning may strike elsewhere too.