With the crypto market slowly entering a visible bear run, crypto veterans who was in the market when the bears took over in 2018 offered their own insights and advices to newbies, per suggestion from Twitter user DeFi Edge. 

Specifically, via a respond to a thread, Guy Swann reportedly placed purchasing Bitcoin (BTC) in the number one spot of his advice list to investors new to the bear market. 

Furthermore, Swann also advised traders to hold their own keys, ignore the market price and stack on a regular basis.

Besides from just a simple downtrend for crypto prices, a crypto bear market is characterized by different additional factors, nominally the insufficiency displayed in investor confidence towards the market, a sustained period of decreasing prices, lower highs when good news comes and lower lows when there’s bad news. 

Throughout these circumstances, the advice from Erik Vorhees for traders is to “do nothing.” 

Per Vorhees, it is not necessary for normal traders to carry out any actions, since their “seeds are planted” and the “wheat will grow in the spring.” 

On the other hand, Voorhees also stated that crypto establishments need to lower their spending and ensure that they have “24 months of runway.”

Nic Carter also weighed in and shared his advice with crypto traders. Per Carter, the crypto community needs to redirect its resources towards developing solutions that meet the demand of the people. He also warned to not have assumptions of everything to make a comeback, while additionally claiming that “some things die permanently.”

A bear market also normally displays numerous signs such as lower trading volume, which means that people are holding because of uncertainty, negative comments from crypto haters and backwardation, an event where an asset’s price in futures markets becomes much less than the normal market price.