Hi, I'm just trying to plan ahead here and assuming that we are going to have a bear market at some point in the next couple of years, I would like to try to put my bull market profits to good use. I was wondering what is your strategy to continue making money when things turn bearish?
Whether it's shorting, leveraging, trading, earning interest, finding hidden gems, longing coins that perform well in a bear market, investing in gold or the stock market or anything else, I'm interested to hear what strategies you are planning to use and how you are planning to execute them in order to continue making money. If you made money during the last bear market I would be interested to hear how you did that as well.
Thanks.
To hold and stake my coins in reputable exchanges is the 1st option I'd plan and the next will be selling and investing the money outside crypto or having my own business, and 3rd one is to buy more. Trading is very challenging in the time of the bearish season, so this option is somewhat beating us especially when we are not totally good at this.
That you are right, it is a need to plan ahead of time and anticipate the market for what is possible it comes. For staying in the market for many years, although we can't say that history repeats itself, we will still be experiencing such scenarios. And much better to be prepared for those things as the execution went so smooth.
Maybe options number one and three that you do, I also do it. Because when entering a bearish trend, it's time to collect as much Bitcoin as possible. Because of how deep the price of Bitcoin fell, will eventually recover and could climb much higher. While option number two I did not do, because
in my opinion Bitcoin is the most profitable asset for now. So when the bears came, I didn't think about selling them and trying to invest in other assets.
I'm not saying investing in other assets is a bad choice, but the profit that Bitcoin offers to me is more promising. To deal with the volatile crypto
market, it is highly recommended to have good planning, so that we can make good decisions. Without planning, we will easily panic and end up
making wrong decisions.