Show a newbie the way | Bitcointalksearch.org

Yamifoud

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Quote from: ReiMomo on January 31, 2022, 03:20:01 PM

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

Mining might require you more investment. If you are depend on an income from crypto then go for a long term investment but if you need to earn money then, day trading is not much advised. If you have an income from another source then, invest a little from the income into any best currencies so that it just grows up one day and yields you best profits . Besides this, earning on a bear market is really hard. So just try the above out.

Trading can be a good source of income if we have an advantage technology that is enough to compete with others but if not, I see failure at our end. That is why we have to consider our capabilities when it comes to mining setup it can be really expensive and very costly but if we can afford to do it, why not? But yeah, we can't just rely upon a single source of income, having 2 or more is way best ideal. We don't just focus in here, investing outside the crypto market is definitely a good idea.

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Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

Mining might require you more investment. If you are depend on an income from crypto then go for a long term investment but if you need to earn money then, day trading is not much advised. If you have an income from another source then, invest a little from the income into any best currencies so that it just grows up one day and yields you best profits . Besides this, earning on a bear market is really hard. So just try the above out.

fullhdpixel

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Quote from: gurunanakji777 on January 31, 2022, 12:56:15 PM

In the bear market, investors or traders do only partial buying. One should not buy the coins at one time because unless the market gets stable partial buying is the best strategy to reduce the total buying price of coins. As a newbie, you have a good chance to buy the coins we are old now don't have much capacity to buy as we bought in the previous dip also So newbies can take the benefit in the bear market even I don't have much faith in the mining and some people do staking but I believe keeping money in stable currencies in the bear market so that I can buy the dip and take the maximum profit when market bounce back.

I guess this is what they called dca or dollar cost averaging. It is a popular technique nowadays. I think now I know now why they always recommend this, it is because dca can remove your doubts in this long term bear market. You wont minding it but what your going to mind all the time is how you can get a capital to buy more coins.

It is a worth it technique especially if done on good coins like bitcoins because the returns are going to be very high by the time bull run comes back but why you do not have a faith in mining when in fact you love to put your money in btc? What is the difference? Was it the extra fee your avoiding? Or you have other reason? Please let me know.

gurunanakji777

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In the bear market, investors or traders do only partial buying. One should not buy the coins at one time because unless the market gets stable partial buying is the best strategy to reduce the total buying price of coins. As a newbie, you have a good chance to buy the coins we are old now don't have much capacity to buy as we bought in the previous dip also So newbies can take the benefit in the bear market even I don't have much faith in the mining and some people do staking but I believe keeping money in stable currencies in the bear market so that I can buy the dip and take the maximum profit when market bounce back.

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Quote from: judaspriest on January 29, 2022, 01:06:20 AM

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learn and keep learning, don't be bored to ask your close friends, join the bounty forum, to be able to increase your knowledge about how to use, mine and invest in bitcoin, do bitcoin trading, use a wallet that is really safe to avoid theft, because Most scammers target is beginners.

That's right, the most important thing is that we enjoy the learning process.
besides that we can take advantage of various platforms to learn,
more experience is also important and there is no need to be afraid of failure because it is part of the learning process

Only if the OP is ready to learn price action of the market that would have been the best bet, crypto market is not a hurry in to earn profit very fast or get to rich quickly scheme, take your time observe the bear market, research on coins that worth investing on especially the already established coins like BTC, ETH, BNB etc, buy the dip bit by bit though the bear are in control of the market learn the fundamentals behind the bearish market, especially with the Chinese holiday is setting in few days ahead, consequently it will have an impact on the price of cryptocurrencies.

jeungo

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It all depends on what kind of newbie you are, if you have money to invest in new projects and seek out projects before listing them. Or participate in advertising programs for new projects and get a living with it. But in fact, in order to earn money, you need to work, the money itself will not fall into your hands.

wajik-tempe

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Quote from: aruldaroy on January 30, 2022, 09:03:22 PM

Maybe for those of us who have external or non-crypto income, we can rely on outside businesses when the market is hot, but what about those whose capital has run out to buy altcoins so that they continue to think about their capital.
So it's not easy for them to forget the current market and miss the hot situation like now, except for those who haven't bought crypto in the bear market yesterday, of course they can still use their capital to continue other businesses.

I felt that too, my whole investation instrument goes all crypto even i'm holding many type of coins from different kind of industry but the bear season of bitcoin affected all, lost the value more than 50% but as long as we know we are holding the right coin everything is will be alright, it's not about the quick profits of quick loss but it's a long run to get even much more profits in the future

aruldaroy

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Let's now forget the market for a moment, man. Thinking about profits in a bear market is very difficult, even from sources of income, such as mining will also be sorely lacking. We can only rely on non-cryptocurrency small businesses when the market is negative as it is now.

Maybe for those of us who have external or non-crypto income, we can rely on outside businesses when the market is hot, but what about those whose capital has run out to buy altcoins so that they continue to think about their capital.
So it's not easy for them to forget the current market and miss the hot situation like now, except for those who haven't bought crypto in the bear market yesterday, of course they can still use their capital to continue other businesses.

YinShuiSiYuan

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Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

In fact, for a person who is completely new to the cryptocurrency market, it is safest to just transfer funds to a stable coin and wait.
But if you want to earn money on the bear market, you can read, learn and try to trade "short".
Watch the movie "Big Short" - you should like it. Wink

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Quote from: judaspriest on January 30, 2022, 04:18:54 AM

Quote from: Tumanggor on January 30, 2022, 03:56:45 AM

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

if you are afraid or have doubts about staking then there is no other easiest way for you to make money from crypto imo

I'm still staking bitcoin and bnb on binance and staking $cake on pancakeswap, even though the value of the coins I have has dropped drastically but I'm sure the market will be bullish again and make me profit more, staking is still a good idea imo

Yes I think if someone is into crypto they should have realized that there is no easy way to make money,
however we must dare to take the risk or just keep waiting,
What's clear is that we can't just sit there without any plans

I wholeheartedly agree with that last sentiment. If all we were to do is simply sit around and do absolutely nothing, we would be risk-free and yet we would still lose our fiat by deflation. So not having a plan for putting your money into something that counterbalances that deflation is already a very bad plan.

Life is about risks, everything entails a risk of some kind, whether small or large. So going by that, you might as well risk to make some more money with the least risky way possible.

Just know what you are staking and you will be fine.

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Quote from: superman184 on January 29, 2022, 01:00:04 PM

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

If you are hesitant to invest in crypto that fluctuates in price, then you can choose a stable crypto to invest in. So the loss rate is smaller, but the profit rate is also very small compared to you investing in volatile crypto peppers.

It makes no sense to invest in stablecoins, since their main task is to fix your profit and save the deposit. It is with such price drops that it is necessary to buy coins that are interesting to you in parts. For me, your statement remains incomprehensible that when investing in stablecoins, the level of losses is lower.

repear7

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That's exactly what you said. However, you can continue your business as you wish. If you keep some tokens or coin hold and work every day with some tokens, your money will increase quickly. And even in the vul market, the price of all the token coins goes up in the beer market. If everyone buys a token in the beer market, they can sell it at a good price.

KaliLinux

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Quote from: X-ray on January 27, 2022, 01:25:06 AM

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market?

Buy at the dip. This must become the best choice for the newbies coz they will buy tokens when it was on the bottom. So, you can accumulate more and more tokens as your preparation before the next bullish trend. Im sure that if this will be also become the best way to generate more and more money for the newbies instead of staking. You can do staking but when you're in bearish market and this is not so good.

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

It'll be a bad idea coz you are staking the tokens or altcoins instead of stable tokens. If you are staking the stable tokens and the return will be stable and you will not face the risk caused by the volatility. When you're in the bearish market staking the stable coin is the best choice and accumulating more and more cheap tokens from the market.

I believe that this is the right mindset all investors and traders alike should have. but this happens not to be that case still most are rushing to dump and make the market worse every time there is a little dip. For the fact that some understand and believe that the market will certainly recover after dips and know to put their assets to other use like staking and receive even a small additional amount and not put pressure on the already down market are best.

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Quote from: Tumanggor on January 30, 2022, 03:56:45 AM

Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

if you are afraid or have doubts about staking then there is no other easiest way for you to make money from crypto imo

I'm still staking bitcoin and bnb on binance and staking $cake on pancakeswap, even though the value of the coins I have has dropped drastically but I'm sure the market will be bullish again and make me profit more, staking is still a good idea imo

Yes I think if someone is into crypto they should have realized that there is no easy way to make money,
however we must dare to take the risk or just keep waiting,
What's clear is that we can't just sit there without any plans

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Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

if you are afraid or have doubts about staking then there is no other easiest way for you to make money from crypto imo

I'm still staking bitcoin and bnb on binance and staking $cake on pancakeswap, even though the value of the coins I have has dropped drastically but I'm sure the market will be bullish again and make me profit more, staking is still a good idea imo

yayayo

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Don't buy anything just yet and don't let your money stay in cryptocurreny if you see that it is a bear market don't wait for it to drop more instead sell it immediately for stable coins and if you see that the market is recovering then buy again, a simple strategy that might save your money. Don't rush yourself on buying anything it might ruin your capital and instead of earning you will be losing.

ya.ya.yo!

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Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

Bear market will give you time to gain knowledge about trading. You can use this time to build your trading skills so that you can use it in the near future to take advantage of the market. When the market situation continues to deteriorate, cryptocurrency has a lot of impact on all related businesses.

As a result of which there is no good opportunity to invest, when the amount of opportunities to invest in the market is very small then it would be a good idea to think of a way. So you have to use your trading skills and wait for the right time to enter the market.

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Quote from: JangoUnchained on January 27, 2022, 01:12:26 AM

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

It is delicate, because if the novice is willing to learn to be a trader, he has to know the way of Short and leverage so that he can win, as long as he is not delusional about what he can win, but rather tell or emphasize what he can lose, this is if he is of a trader style, now if the novice has a style more towards investment he has to go there, talk and say that it is an ideal time to buy and that he has to be very calm and very measured if the market goes down even more and sees his investment value in fiat in half, he has to learn to control emotions and sales impulse, the best thing is to read books by Warren Buffet, from Livermore, to learn multiple strategies applied by the biggest in the industry. story, this with the idea that you don't lose money.

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Quote from: Coyster on January 29, 2022, 01:15:35 PM

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Let's now forget the market for a moment, man. Thinking about profits in a bear market is very difficult, even from sources of income, such as mining will also be sorely lacking. We can only rely on non-cryptocurrency small businesses when the market is negative as it is now.

It's not just only when the market is bearish that we should either get a job in real life or start a business, it's counterproductive and wrong to solely depend on crypto earnings, one should always endeavor to have something doing asides investing or trading in crypto, cryptocurrencies are so volatile, and the market can go from good to bad and worse in a short time, if that happens, people who have other source of Income wouldn't panic too much cause they have other means of earning, and that would reduce the possibility of them panic selling.

Having multiple sources of income are the most ideal thing to do and if we want to see our life has a very comfortable life. Solely relying on one source of income is very challenging especially when you don't know how to manage your expenses. So if we can still carry to have a job and crypto investment then we have to make it. We need not lose this opportunity upon buying more coins at this hard time for crypto as taking a steps now will give us returns in the future.

HardCore12V

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Safe some money and turn it into usdt or USDC, plan to build a portfolio in bear market, the real whales always do this and wait patiently for the right time to sell and take profits, be greedy when others are fearful and be fearful when others are greedy

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