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This is an opinion editorial by Boomer, a long-time and active member of the financial independence/retire early (FIRE) movement.

Deep down, we all knew this was going to happen. Bear markets suck, and they’re especially bad if it’s your first. Every bear market is different and there will always be people out there that will tell you that the sky is falling. Please don’t be one of those people. I know the price action has been a bit better in the past few weeks, but while we may not be in a (cough cough) recession (cough cough), things are still pretty dicey out there. Personally, I have no issue with seeing bitcoin bouncing between $20,000 and $25,000 for a while longer, but I know how scary those big red candles can be if you haven’t experienced them before. If you bought your first few sats back in fall 2021 when things were looking like we were heading for $100,000, you’re probably feeling pretty defeated right now. I get it; it’s a terrible feeling. This might be my first bitcoin bear market, but I was around for the stock market craziness from 2007-2009 — the last time that it felt like the world was ending — and it wasn’t any fun. There are a bunch of self-help articles out there that can guide through the turbulence of stock market downturns, and I’ve found that most of the advice translates well to bitcoin. Here are a handful of tips that have helped me in the past.

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