Winter is on its way! Here are 5 strategies for surviving a crypto bear market

<p>The multi-month drop in crypto prices is reminding veteran investors of the 2018 crypto winter. Here are five things investors may do to stay afloat during a bad market.</p> <p>The cryptocurrency market has an unusual tendency of catching even the most seasoned veterans off guard, with each bull and bear market initially resembling prior cycles before veering off in an unexpected path and wiping out the fortunes of freshly minted crypto millionaires.</p> <p>This was the case with the lacklustre 2021 close, which entirely contradicted the bullish $100,000 BTC price projections that crypto researchers and influencers had been pushing continuously.</p> <p>Bitcoin is already more than 50% off its all-time high of $69,000, and altcoins have done even worse, with many down more than 60% in the last two months. Traders must regroup and re-evaluate their investment approach in times like these, rather than simply purchasing every price drop.</p> <p>Here are five tactics traders can employ to avoid a crypto winter and save as much value in their account as possible.</p> <p>Reduce your exposure to volatile altcoins.</p> <p>When a broad market slump begins, the first step is to reassess current positions and limit exposure to the most volatile assets.</p> <p>Because many token holders are new to the community and not long term investors like the user bases for more established projects, they are frequently new projects that have emerged from trendy segments of the crypto market such as meme coins, NFTs, or rebase projects like Wonderland (TIME).</p> <p>Looking at a project's GitHub account to see the degree of activity and the number of engineers working to developing out the protocol is a good place to start the evaluation process.</p> <p>If there is little progress despite flashy marketing gimmicks and great promises, the project may be one that an investor should abandon when the market begins to slow.</p> <p>Traders might then invest these funds in stablecoins, which can be staked to receive yield or purcha