Write a "survival guide for bear markets in the cryptocurrency industry", which can help you avoid major pitfalls and ensure your survival. I hope you will remember this 1. The mindset of a bear market needs to be completely transformed. What you need to think about is what you can short, not what has fallen to the bottom. What should you buy today? Some currencies in a bear market have no bottom 2. Never put assets in a small office! If you want to list on an exchange, only choose top tier legitimate platforms without any risk of running away. Or you can configure a cold wallet to store it yourself 3. Do not touch any illiquid assets. Shanzhai only has a market trend in bull markets, and most of the time it cannot outperform BTC. If your Shanzhai is bought in the early stages of a bear market and is trapped at a high level, you may have to wait for two years to recoup your investment, provided that your coin can survive the bear market. Shanzhai not only cuts off the liquidity of currency prices, but also the business income of project parties. Some businesses that were hard during bull markets become useless garbage during bear markets, and many project business models are only established when liquidity is sufficient 4. Be wary of the 'low market value trap' and don't think 'if it's low enough, just hold it for the long term'. Low market value does not necessarily mean high growth, it often means high risk and no one is interested. In the cryptocurrency industry, expensive things often have a reason for being expensive because they have undergone market stress tests 5. The bear market lacks trend, and some people are eager to make money, so they will use contract leverage to amplify fluctuations. Therefore, the most common dead end method in bear markets is contracts. I am not against contracts because short selling in bear markets can make money, but do not use high leverage or engage in frequent short-term trading. Most bear markets are volatile, and you will see many opportunities and opportunities. If you have a slightly higher leverage, you will die after a few opportunities In a bear market, your only task is to survive and stay at the table A bear market is more about patience. Investment and trading should not be rushed. People's mentality can affect profits and losses. It is very important to grasp the rhythm well There is always garbage time in the market, but there is no garbage time in life. A bear market can be used to improve oneself, such as fitness, study, and review