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?
Have you ever tried to do your own research to know what you can do to make some money during the bearish market. You can join in the defi and start to earn passive income with your money. You can try to buy at the bottom price and then keep your token until the market will recover and this will be also giving you some money during the bearish market. Mining is still profitable during the bearish market but if you're not a miner and you can't calculate this coz it totally depend on how much miners can generate everyday and how much the price at that time. Even miners are not always selling their coins. So many miners are waiting until the bullrun to come to sell their coins to the market. 
Topic: Show a newbie the way - page 3. (Read 561 times)
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 !
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 is expensive. So forget about that if you are a newbie since you will need to know a lot, buy equipment and spend time for maintenance. If you don't know what you are doing, you will probably end up spending more than you will be earning. Staking isn't a bad idea. Not sure what makes you say that. You hold during a bear market. So while holding you can stake so you earn passively. Or if there is a chance you might want to sell, then there are coins that you can stake without locking your coins.But the best thing to do during a bear market is to buy. Buy the dip and maximize your profit in the long run.
Look it is not even that confusing, there are only like few steps that you need to follow, and you will be very successful with it. First of all, you need to find coins and tokens that have some utility, a reason for people to buy it. If the only thing people buy it is "it will go up in the future!" then it is not worth investing at all, it needs to be used somewhere for a reason so that people would buy it and keep the price high. Secondly look at the tech behind it, is the fundamentals good? Is the tokenomics of it good?
If you see something that doesn't make sense, or even profits the founders instead of investors, then stay away from it. Lastly, do not put all of your money into something, buy only a small portion, then if the price drops do not sell it, buy more of it, if you still believe that it will be good in the future then keep buying and eventually when the market turns into bull, you will be able to profit quicker.
If you see something that doesn't make sense, or even profits the founders instead of investors, then stay away from it. Lastly, do not put all of your money into something, buy only a small portion, then if the price drops do not sell it, buy more of it, if you still believe that it will be good in the future then keep buying and eventually when the market turns into bull, you will be able to profit quicker.
At a time when the current state of the market is very difficult to get profits both in investing and in mining, then currently investing in the long term is the best decision both for beginners and for long-time investors, then choose one of the coins that do have the potential for the future to develop, and rest assured that a large profit will certainly be obtained when there is an increase in all coins.
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?
The best step for a beginner in market conditions like this is to observe and study the market first, the goal is to anticipate bad attitudes that will occur in the future if a beginner is involved in the world of trading. but the best step for now for a beginner if you have enough capital you should buy some potentially good crypto such as ethereum, Bnb and Bitcoin. because in the future the price of crypto will be better
Time to take advantage of it. Just buy the dip then forget it's a bear market. Think like this is where it will all start again. If you have funds that are kept in your wallet then you might want to just let it be.
If you cannot and have been itching to move it then, I have seen others who would sell it for another coin that shows a bigger chance for a price increase after this bear ends. It's not a bad idea. Just be certain both coins are dumped because if the one you are switching has a healthy market and was not dumped at all then it might become a mistake that leads to regrets.
If you cannot and have been itching to move it then, I have seen others who would sell it for another coin that shows a bigger chance for a price increase after this bear ends. It's not a bad idea. Just be certain both coins are dumped because if the one you are switching has a healthy market and was not dumped at all then it might become a mistake that leads to regrets.
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?
Newbies should relax, making money is only possible if you are a day trader, if not, you should not trade at the money, instead, just accumulate and your future will be bright. This bearish opportunity will come and it always gives you an opportunity, and that is to buy. 
If you have previously made a profit during the bull market season, you should be on vacation now. but if you are a newbie who just entered when the market is bearish I think following the airdrop or bounty is to get a free profit, otherwise you can just wait until the bull market arrives next.
Nobody can show the way in a few lines... to find the real way one should start by reading and learning about the crypto world, first basics than how you master one thing you can include another and believe there's no end of that, every once and then we have something new, something upgraded, changed, things happen in crypto with the speed of light sort of speaking!
So there's no end, learning about "the ways" in crypto never stops... l had a headache the other day when I decided to learn and get more involved with NFT's! It was to get in or not, and I decided to give it a try... so reading, learning, trying, and trying before you can say you find a good way!
So there's no end, learning about "the ways" in crypto never stops... l had a headache the other day when I decided to learn and get more involved with NFT's! It was to get in or not, and I decided to give it a try... so reading, learning, trying, and trying before you can say you find a good way!
Choose to stake or just hold. Are you rushing with your holdings? If not then choose any of the two, I still see miners that continuously mining. It's about the plan that you have even if you think that it's not profitable to mine, you have to have a contingency plan. Like the coins, you mine will be put on hold and you're going to source out your operating expenses so that you'll just keep going without being problematic about the cost of your operation. In staking, there's the risk that you won't be holding the funds if you choose to stake on those centralized exchanges.
in this bear market condition
the thing you can do is pick a coin and research what their team is doing if you think the coin is good you can buy it gradually because after a bear market there will definitely be a bull market so buy and hold I think is the right choice at the moment.
Buying popular coins and already having strong fundamentals is indeed the right choice for us when market conditions are in a declining stage like now because it will most likely give us a bigger return when the market is back up and this is of course also good for beginners because of that not too risky even if they don't have enough knowledge. the thing you can do is pick a coin and research what their team is doing if you think the coin is good you can buy it gradually because after a bear market there will definitely be a bull market so buy and hold I think is the right choice at the moment.
My recommendation for newbies is to observe, learn and start analyzing
with all that you can choose which altcoin is suitable for profit and also you have to choose the trading term
Trading term is divided into 2, namely long term and short term
with all that you can choose which altcoin is suitable for profit and also you have to choose the trading term
Trading term is divided into 2, namely long term and short term
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 is an opportunity to buy coins at much lower prices in short it's an opportunity I don't think you can make money in the bear market, staking or mining because everything here is projected as potential future profit, bear is something that investors should bear and rely on the hope that the coins they've picked are the right coins to make a profit when bull trend sets in. 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 is no other way to make a profit during the bear market and that is to buy more (depending on your capabilities), hold, and then wait for the bullish market. That probably takes months ( or even years) to wait for the next Bullrun but we can assure you that investing the right coins is in no doubt for profitable results. I'm not sure if newbies could easily adopt the changes but if they got enlightened by what they have heard and seen the market history, it is likely it could encourage them to make steps.
Staking reward won't change friend only the USD value will go down in bear market, if you are staking a coin let's say 1000 pieces and your APY is 80 you will keep getting that 80 pieces only the value will go down, not the same with mining because if mining is affected by bear market difficulty will decrease which will make your daily reward increase in quantities not in USD value
I personally do not like staking because it leaves your money idle to earn a small interest in coins,,, while risking the entire amount to some kind of hack.
But if you like staking, I would believe it is even better in a bear market right? Earning interest while the coin is low means a lot more gains for when the coin recovers right?
But if you like staking, I would believe it is even better in a bear market right? Earning interest while the coin is low means a lot more gains for when the coin recovers right?
If you stake with a third party service you're risking hack and more over...you are right. but you can avoid It since you can stake directly on chain. That means that you have your keys you have always your coins... You can stop staking and get your reward and so on.
Even if you stake on chain,,, you still run the risk of the protocol itself rug pulling or getting hacked. Of course I guess now if you stake on socalled verified pools like at BSC or even on Uniswap or Sushi the risk is still very low, but it is a risk nevertheless. Or what if the browser or platform got spied on and your private key is leaked?
And all that for a few percentage per year
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?
Ambassador programs are really good now, also testnets and retro airdrops. And you can try some other good activities like nodes installing or taking part in some IDO pools.
Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market?
Bearish market already taken over the market since last quarter of last year. A newbie can do a lot of things to make money during the bearish market. I can mention some1. Buying during the dump at the bottom price
2. Staking
3. Farm
4. Become airdrop hunters and many more.
You must be consistent during the bearish market. It's caused by this will make you able to get the best way for you to make money.
Staking is a bad idea in bear market I heard,
It's bad if you're staking token which was volatile but it's not when you're going to the stable tokens. even mining coins are not profitable in bear market too so what's the way forward?
So why those miners are still mining the new coins? it's caused by they do know that they will still earn the same amounts of coins but less value. 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?
I would highly say that invest now and hold, not invest now and sell later. Why I say this is that we need to emphasize that the market won't recover fast, no investment that has instant returns that is why we sometimes hold longer to make a profit and that is the thing we do or else, that makes no sense for us to invest. Mining? It is too expensive to invest in this, This is only for rich people. And if you're not, better to consider buying only as this is even more profitable if you got the right coins.
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