Newcomers to crypto are worried about what to do next as the market becomes unpredictable. Because of this, members of the crypto community have given their advice to those who are trying to survive the cold crypto winter.

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on twitter a thread, non-fungible token (NFT) collector and trader Chrissios stressed the importance of mindset in order to survive during this time. According to the NFT faucet, cryptocurrencies and NFTs will be “in the future.” However, Chrissios believes that many ongoing projects are doomed to failure.

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Because of this, the trader noted that the top priority should be to determine your risk tolerance or the amount you are willing to lose, as well as dollar value averaging, which “caps your upside to mitigate possible losses.”

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Bobby Ong, co-founder of coin information site Coingecko, general that finding new potential projects and trying them out is one of his favorite hobbies. Quoting a tweet with a list of upcoming projects, Ong wrote that early engagement is often beneficial.

Ong said that for longtime Bitcoin (BTC) and Ether (ETH) holders, multi-year market fluctuations would not matter much. Ong advised such traders to spend time with friends, family, and themselves.

Reddit user Kuzkokronk underlined the importance of buying bitcoins at this time. According to them, if members of the community do not buy BTC at this time, they will regret it “in 5 years.”

Bear Market: Some Crypto Firms Are Cutting Jobs While Others Seek Steady Growth

Cryptocurrency trading platform Gemini recently announced the layoff of about 10% of the company’s employees. In a statement, company executives cited “crypto winter” as one of the reasons for the move. On the other hand, digital asset exchange Coinbase has also announced that it will take a breather in hiring and review the headcount.

Meanwhile, Sam Bankman-Fried, CEO of the FTX exchange, explained that the firm will not freeze hiring and will “continue to grow” despite current market conditions. Bankman-Fried noted that they will not cut costs, but rather “keep moving forward.”