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?
Thanks.
As an HODLER investor, every bearish market opens an opportunity for me to purchase more BTCs while the price is down on the market. Although this technique will not guarantee profit short-time, it definitely has the potential of earning you significant amounts of return in long-term (basing this purely on the price history index of BTC).
If you aim to earn short-term profits, then trading would be the advisable way to go although this may be extremely risky especially for newbies who lack the experience in this kind of platform.
Trading will be more difficult especially in times of bearish season and if the trader alone is still not skilled or lack of experiences. I'd rather be buying and holding for long term as it has less risk and yet, the profits will be huge enough after long term holding. Patience will always be the best virtue not just in holding but even in trading too. Aside from that, we can also start making real businesses offline so we can gain profits too from other sources aside from crypto. Bearish season cannot give us immediate profits most of the time so looking for another source of income is advisable.