Show a newbie the way - page 4. | Bitcointalksearch.org

harizen

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

A bear market is supposed to be a chance to fill your bags. Don't make a money rush but instead, take the opportunity to increase the quantity of your stash so that when a bullish trend commences, your efforts will be paid off.

The way you speak looks like being a daytrader is not your forte. Because of that, you just have to increase your holdings as much as possible. The bear trend also should come to end so take action while everything is "cheap" to consider.

senyorito123

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

I'm afraid for those projects that still got staking methods during these days of bear season that it won't prosper in the future. Situation is really unpredictable this time, so we better be careful and smart of our decision making even though you're not newbie nobody is excepted with loses. Cryptocurrency trading is very difficult in reality, you don't know what future brings it maybe luck or failures.

abikobong

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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.

Coyster

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

From your post, it's basically obvious that you make decisions from information you get from others, and I'm pretty sure you do so without verifying such information, that is actually counterproductive to your desire of making money, it doesn't matter if it's in a bear market or a bull market, it remains pertinent to always do your own research and come to your own conclusions, only then can you take the best decisions on your coins that will generate profits for you. Remember that selecting the best coin and the best strategy is the key to making good ROI in crypto, but mind you that it does not still connote that it's going to be a get rich quick thing, you must still learn to be patient, as long as you believe in the coin.

bitbollo

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Quote from: leea-1334 on January 27, 2022, 01:47:05 PM

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?

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.

wxa7115

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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 depends on your level of experience and the time frame in which you want to obtain profits, just as you can go long in a coin and wait for the price to raise, you can also earn money by shorting it and instead wait for a decrease in its price.

Another option is that if you are thinking about a long term strategy then you can buy or mine coins right now, this is not going to give you profits immediately but you will be able to get them for a cheap price now if you buy them and then you can hold them until we see yet another bull market, however if you are not in a hurry I will recommend that you study the markets for some months before doing anything, that way you will have a clearer understanding of what you can achieve on your own and the strategy you want to use in the market, even if at that time it is still going down in value.

pauloaragaomelo

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Quote from: poodle63 on January 27, 2022, 11:49:24 AM

regardless if you are good in analyzation just find a coin thats heavily discounted and get the best position for long term investment, this way you could actually make some promising return of investment and also reducing the risk that it carries because of the bearish markets.

Deciding to enter at the lows of a bearish position is recommended for trading but it takes patience and don't be fooled when the market seems to be hitting high prices despite the normal correction to fall again. Buy at the lowest price the best part of any professional analysis then wait for the bearish market correction to come.

lixer

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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 has been here since last time and it will soon go. It is hard to earn money in a bear market but you can do short term trades, you just need to play it safely. Sell coins immediately once seeing some gains and then buy again when the price goes down. Cannot say that staking is a bad idea because from what I understand, staking is like a long term holding.

You can buy now at a discounted price to be able to stake more so more money for you to harvest in the future. for mining, not just the bear that can affect your profit but other things as well like the electricity bills, maintenance cost, mining equipment you must determine them first.

leea-1334

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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?

poodle63

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Youre looking for an investment thats kinda low risk in the middle of the bearish market, you should look for an investment in form of USDT, BUSD, & maybe DAI because these staking with these coins are guaranteed that you gonna
avoid the volatility of the bearish market although as a consequence the APY will be quite low because as you know they are really volatility free compared with other forms of stakings.

regardless if you are good in analyzation just find a coin thats heavily discounted and get the best position for long term investment, this way you could actually make some promising return of investment and also reducing the risk that it carries because of the bearish markets.

michellee

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

Trading will help you to make a profit but with terms and conditions. You need to have skills to analyze the market movements. If you are hard to learn deeper analysis, you can only focus on buying at a low price and selling at a high price while you need to manage your emotion and greediness as that can interfere with you while you trade. When you can profit from the price and not close your trade, your greediness can become bigger. And once you feel it is difficult to manage, that can be the time for you to lose the profit as you will still hold the coins while the price is high.

RondoAnyar

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In this bear market I am too afraid to give advice to beginners. After all they are beginners, their mentality is not too strong, for me, who has been here for a long time, sometimes there is still panic. I prefer to advise them to continue to learn and prepare their mental first.

Wildwest

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For beginners should not think first about the benefits that can be achieved in the world of crypto especially when the state of the market is not good to get short-term profits, try to learn first how to survive in any situation and holding potential coins is the best way for now, and you can also follow the prizes offered in this forum, Although the results we get are not necessarily satisfactory but what's wrong to try.

xSkylarx

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The only way to make money in the bear market is through trading, which is not recommended for beginners because you should first learn how to trade, which takes time and effort, and if you are not patient enough, you will end up losing money. This is the only way I can think of to make money in bear; mining was also profitable for some coins, but the profit margins were too small; however, since mining is a passive income source, it is still acceptable to do so. New coins are also a good investment, but you must do extensive research on them before making a decision to invest.

diamond_shine1

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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.

yazher

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

First things first, don't forget to invest what you can afford to lose because the gain is not guaranteed to come back at its appropriate time. You might gonna think that it's ok to borrow money since the market will recover anyway. Yes! it would recover but doesn't say that it will recover soon. it can take days, months or a year depending on how the big-time investors respond to the current situation of the crypto market. You can also add some tweaks about good news in crypto or anything related to some big time investment like Elon Musk does.

fvb

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Quote from: JangoUnchained on January 27, 2022, 02:12:26 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?

Then I advise you to study and analyze how the entire crypto industry is developing. As you know, it is never too late to get trained, and even more so if you are really new to this topic. And a good opportunity is to invest in such a market, if there are free assets.

rijaljun

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Leverage at 1x and go short if you are sure that the price is going down alternatively you can also hold USDT or any stable coins and wait for a good opportunity to buy and sell it through swing trader. The market don't just go down the composition is ups and downs but if looking at bigger picture it may be a bearish market but looking to micro time frame it's up and down so you can take advantage to this ups and downs and do a swing or day trading.

Reid

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Nothing to profit right now but there's a way to make money someday. That's if you have the capital and the patience to wait.
Buy now, harvest later. Just like what farmers do with their crops. They need to first buy the land and the seeds, they invest in it. Then, you monitor it and if you think the time is right or it bear fruits then take it.
If you are up to profits only that could be done and you don't need to be one of the long time holders. Short-term investment could be your only solution.
Trading right now is too risky.

fadil46

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Quote from: ?? on ??

there is no other choice but to buy when prices are good to buy before it's too late, namely the price of coins on the market is back on track.
That choice applies not only to beginners, but to all those in the cryptocurrencies activity.

It is still not certain whether the On track will be long or will be corrected again, because usually every market recovery there is always a zigzag wave which will eventually look stable in terms of a gradual increase.

Topic: Show a newbie the way - page 4. (Read 561 times)