Even in a crypto bear market, there are still opportunities to earn income from crypto, you just have to know where to look. In this article, we will give you three strategies that will help you to survive this bear market and make money during it.
What Is a Bear market?
A bear market refers to an extended period where prices fall significantly and market confidence goes down. And while predicting a bear market is nearly impossible, we can still survive one by making logical decisions and focusing on long-term vision by choosing projects based on fundamentals rather than their current prices.
Benefits of a crypto bear market
We know that a crypt bear market can be discouraging for many investors, but we have to admit that even a bear market has some benefits. Here are some of the advantages of a crypto bear market:
Buy low, sell high
Many investors like to take advantage of the reduced prices by buying assets and selling them when the market gets back to normal. Although you might find it difficult to find assets that are worth investing in, we can guarantee you that many cryptocurrencies are selling at a discount now.
A great time to master your emotions
One of the most important lessons that you should learn during a bear market is how to manage your emotions while trading. Even though sometimes you would feel that it is impossible to stay calm while the value of your assets is dropping, it is important to remember that bear markets are temporary.
A chance to look into other ways to make money from crypto
Many think that trading and investing for the long term are the only ways to earn income from the Crypto market. But, there are numerous ways that you can make money from crypto and many of them are passive!
3 strategies you should follow while investing in bear market
1. Avoid pulling your money out
When the market becomes volatile, it can be tempting to cash out your assets and simply pull all of your money out of the market. But we all know that we have to make our decisions based on a plan and stay away from emotion-driven decisions.
Because what sometimes might be seen as a massive global catastrophe one day may be remembered as nothing a few years down the road.
2. Follow the Dollar Cost Averaging strategy
Dollar Cost Averaging during down market is particularly effective over the long run because you are buying the cryptocurrencies at a low entry level. Even though there is no guarantee that the market will go on to make new heights, historically speaking, this strategy has never failed.
By continuing to invest even in the bear market, you are guaranteeing a lower average cost for your cryptos. Additionally, this strategy removes emotion from the equation, which is a very important rule to follow during a bear market.
3. Look for ways to earn passive income
Many crypto projects offer you passive income as a reward for holding their assets. A very good example of these tokens is DollarMoon, a new yet very promising cryptocurrency.
DollarMoon was designed to incentivize long-term investing and discourage selling. Any investor who sells will be charged a 15% fee.
On the other side, 2% of any buy/sell transaction will go to holders’ wallets in the form of BNB coins.
The most exciting part is that the Dmoon token was launched very soon so there is a chance for people who like to invest early and gain the rewards later.
Social and contact
Official website: https://dollarmoon.io/
Telegram channel: https://t.me/dmoontoken
Telegram group: https://t.me/DollarMoonchat
token address: 0x7D18f3fE6e638faD0AdACC5dB1A47f871a2C2cC4