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.
Everyone should be thinking about this and aim to spread their money around numerous different assets. Sure Bitcoin could go a lot higher from this point and it's looking very likely, however it is currently at record highs which often leads to corrections. If you just had small holdings of Bitcoin this might be irrelevant, however if you have large holdings of Bitcoin that you've held for a long time with few other assets - then selling off a portion to buy property, stocks or just having a nice amount of cash would be a prudent idea. As you suggest, it is a matter of when and not if, Bitcoin will turn bearish again at some point as it has done many times before - you can even get more in the buying opportunity presented if you have liquid assets elsewhere.