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Utilizing The Bear Market

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@graciousvic
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Welcome to my blog

Imagine a coin is worth $10, then it falls to $4 over a while. At a time when the price plummeted, we may say it's a bear market then when prices there is a constant rise in the price of the coin, we say there's a bull market.

We may now claim we are in the bear market. Months ago Hive was valued at $0.9 today it's now worth $0.4

Source

A bearish market may not be a pleasant moment for investors but there are still methods we can exploit and profit extra. Long-term investors may purchase in the bear market and hold when there's a bull and resell to earn profit. In as much as we are waiting for the bull market, we may still exploit the bear market.

Farming and staking: Farming works like loan. Just like the bank, when you obtain a loan, there are interest charges when you are repaying the loan. Farming entails loaning your crypto to a defi platforms and receiving interest for it.

  • Staking:

This entails locking your token or crypto over a period and a specific percentage is provided for locking. It's working here on @hive where we stake(lock) our hive engine tokens.

[Futures interface, picture taken from my Binance]

Trading Short in Futures Another method you may make more crypto in a bear market is trading. In futures Short implies sell. When the price of a coin decrease you earn and when it goes up you lose, because it's a bear market and the price is dropping, it's a means to earn more Cryptocurrencies. It is mostly trading in pairs, that means BCHUSDT[Bitcoincash/Usdt]

For future trading, I utilize my Binance account to trade. NB: It may be risky if not adequately analyzed.

Learn and earn program Some programs are organized by crypto platforms. They develop programs for novices and teach them. After learning, those who participated may be given a quiz to take if they comprehend the teaching and if they pass, they are given some airdrop, nfts, and some assets.

Play to Earn We offer several gaming platforms where you may earn while you play. There in hive we have the @spinderland and others that enable you to play games and earn coins and NFTs as their prizes when you win.

Earning with Faucet Sites One may earn crypto using Faucet sites by doing various tasks. It might be surveys or mining. When these tasks are accomplished you will be paid in crypto.

Thank you for reading

Posted Using LeoFinance Beta