The Trezor Guide for Surviving a Bitcoin Bear Market
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Bear markets can be brutal. Don’t try to predict the next one, rather be prepared for it!
Bitcoin is down as much as 40% from recent highs, so it is understandable that many fear the onset of a prolonged bear market. It is not yet clear whether Bitcoin will recover soon or whether the current situation will turn into a long-term decline. In any case, it is better to be prepared for a bear market than to try to predict one. With the right strategy, you can actually benefit from a bear market!
We at Trezor know a thing or two about the hardships of a bear market. Just consider our history, retold with bear markets in mind:
We introduced the world’s first hardware wallet prototype in the depths of the first major Bitcoin bear market, in 2012. Bitcoin back then was still little more than a far-shot experiment, with price making a 93% correction after hitting an all time high of USD 30:
The official release of Trezor Model One came in the summer of 2014, just as the market was crashing and Bitcoin was entering its second major bear market, at the bottom of which it would lost 85% of its value:
And the release of our flagship Trezor Model T in the fall of 2018 was, again, marked with price crashing all around us. Bitcoin lost 84% of its value at the bottom of its third bear market:
It’s safe to say we know a thing or two about navigating a bear market both as individuals and as a Bitcoin-focused company. Things can get really tough, and you often find yourself questioning your beliefs and start to give up on your optimism.
But there are two clear facts we have learned from the past bear markets
First, Bitcoin always recovers and emerges stronger
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