The invention discloses a method for preparing linear thermistor slurry with negative temperature coefficient, which comprises the following steps: 1) burdening barium carbonate and lead tetraoxide according to mole ratio of 1: 0.34-0.4, performing high-speed ball-milling mixing, drying and sieving, insulating for 8-12 hours at 750-850 DEG C to obtain a reactant, performing ball milling on the reactant for standby; 2) burdening barium carbonate and bismuth trioxide according to mol ratio of 1: 0.5-0.53, then performing high-speed ball-milling mixing, drying and sieving, insulating for 8-12 hours at 700-850 DEG C to obtain a reactant, performing ball milling on the reactant for standby; and 3)uniformly mixing the material obtained in the last two steps according to mass ratio of 1: 0.05-0.8, and then adding a certain amount of organic carrier for rolling to obtain a slurry. According to the invention, the linear NTC thick membrane slurry used for screen printing can be developed, and a slurry formula with high resistance temperature coefficient (TCR) and low sheet resistance can be obtained, TCR can reach -1000--7000ppm / DEG C, the sheet resistance scope is 5 omega / squre-4K omega / square, and the a technical scheme provided by the invention has good expansibility.