Is it possible to win in a bear market?

One of the things that most attracts any crypto enthusiast is a bull market since by investing any amount of money in a currency with a rising trend, you can generate a good return. This is what happened during the bullish season of 2017 when the price of bitcoin jumped X3 all crypto enthusiasts bought bitcoin, but when the sea went down and prices turned red there was a real disaster. The same thing happened earlier this year, when bitcoin went ATH again, again many invested in bitcoin and other currencies because they were happy in the bull market.

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Currently, the price of bitcoin is losing ground as it is below $59K and this downward movement affects the entire market resulting in all cryptocurrency prices going down as well. At this point, millions of dollars are being sold, fleeing from the loss and this is where the FOMO and the FUD take over and everything becomes panic.

Given this unstable situation, is it possible to see profits in a bear market? Well, if we see the glass half full yes because where many see crises and failures it is possible to see a lot of success, since the bear market presents many opportunities to win, among which are: buying opportunities, Yield Farming, Staking, mining and to see other profitable projects.

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• Buying opportunity: One of the biggest advantages that a bear market offers is to be able to buy at very low prices, as there are cryptocurrencies with excellent growth potential that in a bull market is impossible to buy, but when the markets turn red there is a lot of supply and little or no demand and this makes prices drop to a point where it is possible to buy a token or coin at a giveaway price. And when the bullish season starts again they make a profit.

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• Yield Farming: In a bear market the worst thing you can do is to liquidate your cryptocurrencies, since you are losing the opportunity to earn in many ways and one of them is through the Yield Farming system, which consists of delegating, or blocking, your cryptocurrencies in a platform to earn interest on them. In other words, if prices go down, put your coins in Yield Farming and you will have more coins when the down cycle ends. Currently there are an infinite number of platforms that offer this service, some with better yields than others.

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• Staking: Very similar to Yield Farming, but with the difference that by staking you will only be locking your cryptocurrencies, i.e. instead of lending your money for loans, the staking is used to validate transactions on the blockchain network of your choice, either BSC or Ethereum. So the more staking you can do, the more priority you will be given to validate transactions and the more you will earn overall.

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• Mining: Whether in a bull or bear market, cryptocurrency mining will always be considered as a profitable activity (of course, much more in a bear market) since you are constantly getting crypto, of course, the only drawback with mining is that to earn decent amounts you will have to have a piece of very powerful mining equipment since it is a race to get there before the others. But so far despite the market downturns, there are still more and more enthusiasts joining this activity.

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• Opportunity to find more projects: one last advantage that I have been able to see of being in a bear market is the opportunity to find different profitable projects since there is not a big tide and it is possible to enter with little money, for example, one of the most profitable projects lately is the NFT, DeFi and crypto games, that when there is a bear market these also cool down and makes possible the entry of real Holders.

Conclusion

Currently, there are many profitable projects and ways to make money in a bear market, it's just a matter of optics and knowing how to see the glass half full when everyone sees a crisis, in Leofinance and Hive we have many excellent projects that are worth watching and investing, such as Cub defi, NFTShowroom, crypto games, performance tokens and more.

So whether or not a bear market is coming, it's good to see it as an opportunity to grow capital and strengthen the stock market for good gains during the alt season.

This is not financial advice, do your research.

Posted Using LeoFinance ^Beta