Show a newbie the way - page 2. | Bitcointalksearch.org

bitzizzix

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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.

Trading or investing, we must be prepared for the consequences and also be ready to face risks, so don't rely too much on earning from crypto and make investing or trading crypto as a side because of its volatile nature.
And do it with money you can afford to lose and if you do it that way, you don't panic too much when the market is negative and stay focused on other income or real work.

so98nn

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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 coins is actually way profitable in the bear market than you think mate. You just have to brace yourself with the bills and utility maintenance with your pocket money. However this is only for the period of bearish trend. Once market takes off you can easily earn handsome money and get the charges back for your pocket money.

The fact that miners actually love the bearish trend as you everyone is dumping during this period however you would be mining fresh coins during this period which you can sell at higher prices in the later times.

I am myself mining RVN (Ravecoin) since couple of years now.

I have seen this coin trading at $0.15, $0.12, $0.05. These were the different levels of pricing and I mined through all of them.

The $0.05 was the time when I made most of the profit from RVN because your "mining" stays the same however only the price is lowered. Its like you are buying at the lowest prices and then you can easily sell at the higher rates in later times.

pauloaragaomelo

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

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.

The estimated profit is investing in Usdt and Busd stablecoins if only converted in local money but not for btc and other altcoins, although it is an optional option in investment but more profitable than those we hold in local money other than USD.

Coyster

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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.

superman184

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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 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.

TribalBob

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to start, you just need to buy coins when the coins are under, so you can get a pretty good profit later, choose coins that are productive to give long and short term profits,
For staking I think it can be done anytime for stablecoins, not for top 10 CMC coins

kojektea

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If you're not bored, wait is better. Because it's very difficult to take a moment in this bear market. At least by waiting we don't get a loss. The cryptocurrency market is full of risks whatever we go through must be prepared for the risks.

yayayo

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Quote from: nimogsm on January 29, 2022, 08:18:17 AM

I don't agree that stacking is a bad idea.In such a market, it is not a bad idea to buy an asset cheaper and later receive not only dividends, but also the growth of the asset itself.Choose those assets in which you have no doubt and act solely on your own.

I second that @nimogsm. It is not bad, but the rate of success will depend on the decisions that will be made. Primarily, the projects or coins to be chosen on which investment will be inputted. The potential success, rate of progress, and the credibility of the team must be validated before doing so. Nonetheless, research is the key move.

ya.ya.yo!

Saisher

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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?

There's hardly money to be made in the bear trend even staking or mining because the market keeps going down, you can only do two things and these are trade your coins for stable coins and buy back all your coins when the market gets better, or let your portfolio stays and add or buy more tokens and coins with good potential, with the hope that when the market improves or we are in a bull run you can take profit, the latter is a good choice if you are a risk-taker and only invest what you can afford to lose.

nimogsm

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I don't agree that stacking is a bad idea.In such a market, it is not a bad idea to buy an asset cheaper and later receive not only dividends, but also the growth of the asset itself.Choose those assets in which you have no doubt and act solely on your own.

susuberuang

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Quote from: abikobong on January 27, 2022, 06:31:44 PM

That is why we should invest in education about trading so we are able to spot potential change of long-term trend. Everything can be seen in the charts. go check out smart money, institutional investing and find someone who teaches this things.

It's hard to find people who want to teach a science for free now if the rewards are not clear unless you have close friends who are very reliable in this field, because now all that time has begun to be valuable and has also begun to be very well appreciated.

mamesso

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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?

For novice investors and traders, bear markets are very dangerous (as are the case in the crypto market today). When you enter a bear market, wrong decisions can cost you a lot of money, especially if you buy crypto assets with weak fundamentals.
But on the other hand, although bearish is considered a bad trend in the crypto world, You can take the opportunity to buy crypto assets that have strong fundamentals at low prices in the hope that they can give you a profit of up to 15%-20%. You can use technical analysis in order to choose the right crypto asset.

Dr.Osh

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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?

buy popular coins like bitcoin, ethereum, BNB or others, then hold them. if you feel that staking and mining has a small advantage, then another option is trading, or participating in airdrops or bounties. well, there is a possibility that the bull market will happen again, and make the bitcoin price close to its ATH, this will make the altcoin price also recover.
however, buying popular coins and holding them for the long term is one path that I think is still worth it today.

judaspriest

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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

GeorgeJohn

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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 bear market you can purchase different coins and keep, like example, invest for long term and when market bull run come it will make a changes, because this bear market is exactly advantages in all ramifications of any cryptocurrencies and especially bitcoin as it decreases, a newbie will who is not acclimatized with cryptocurrency should make long term investment i think it should be more better and wait for bull run, because is obvious that Bull run we will experience it before this year run off.

QueenVera

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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?

Investing is the only way, you invest now to profit in the bull market and not the other way round. People tend to invest in the bull market and sell in the bear market. Do not panic as you see the market getting dumped, this are discounted coins and if you have the money you should start getting as much valuable ones as possible. The valuable ones are those that have very strong fundamental and community backing them we have coins like Bitcoin, Ethereum, Binance coin etc.

You can invest then stake to get some passive income that goes right back into reinvesting in your portfolio projects. Always use your spare so you do not go digging into your investment for funds to go by the day. Many people make this mistakes and that is why they find it hard to hold through their investment.

SlimShadyMmp

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Maybe buy coins when there is a dip and the sell for 10-20% profits that way I think is a good way to keep earning a small amount Also this time we have gaming and there are alot of play to earn out there and am sure you can get some weekly coins one way or the other There is stable coins defi that give decent apy

Luqman

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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?

Everyone, newbies or experienced investors has a chance to buy some good coins during the bearish market. However, make sure that you buy at the right time, not every decrease you must buy, just buy when you think it is already at the lowest price. To know that, a newbie can learn the price chart and the price history first.

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?

Who said staking is a bad idea? Your friend? Staking in a bearish or bullish market is no different. There is no harm in staking, except you want to sell your coins in a short time. So, just staking your coins if it is profitable. Don't hear those people who don't understand what the staking is.

goinmerry

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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?

Don't think of getting money, that's my suggestion.

Hug the cheap price of other coins by doing regular buys.

This is the best opportunity to purchase coins. Profit will come later so don't think about that for now.

harizen

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Quote from: Doell on January 28, 2022, 02:40:31 PM

not easy to make money in a bear market when you have a small capital ,buy a dip pattern that requires you to need a lot of capital (day trade) ! while investing for newbie also requires funds that are able to lose ,so for hone your skills in analytical techniques but different case with invest in a long term buy now is a best time !

Usually, others think that the bear market is a nightmare not realizing it was the best opportunity to stash some more.

Much better I guess if we will just allow those negative sentiments for them to realize what's the best thing to do regardless of the trend.

Topic: Show a newbie the way - page 2. (Read 584 times)