Show a newbie the way | Bitcointalksearch.org

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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

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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.

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

Quote from: ?? on ??

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.

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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.

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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.

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Quote from: ?? on ??

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.

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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

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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!

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

VanDeinsberg12

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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?

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.

Doell

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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 !

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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 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.

el kaka22

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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.

ringgo96

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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.

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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?

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

danherbias07

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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.

Natalim

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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?

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.

indo1

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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.

iv4n

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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!

passwordnow

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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.

bounceback

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Quote from: diamond_shine1 on January 27, 2022, 07:09:34 AM

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.

taufik0911

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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

aioc

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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 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.

Kelvinid

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win lambo...

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 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.

FloridaKid

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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

leea-1334

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Quote from: bitbollo on January 27, 2022, 04:20:42 PM

Quote from: leea-1334 on January 27, 2022, 12:47:05 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.

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

letyouearn

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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?

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.

lobo13hf

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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?

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 some

1. 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.

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

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.

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

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.

Sled

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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?

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.

harizen

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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?

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, 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?

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, 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?

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, 12:47:05 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, 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 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, 10:49:24 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, 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 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, 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?

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, 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?

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, 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?

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.

bitkanu

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Well, as a newbie and you should learn more about the market. If you have enough knowledge about crypto or a crypto research and you can start to pick up some tokens from the market. is not it the bearish trend has become the best time to invest in the crypto. You pay less to get cheap tokens. That means if you didn't need to spend a lot of money to get some legit altcoins from the market. How profitable mining totally depend with numerous factors and it can't be said it will not profitable during the bearish market. Staking was not a bad idea if you're going to the stable tokens.
You will have so many chances to make money during the bearish market. just buy legit coins and waiting for that to recovery when bitcoin will be pumped again.

bitbollo

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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?

I am not sure its really possible earn easy money with altcoins. And I am not really sure the beat market has ended. I have described what happens during ICO MANIA in my blog post here
https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
taking in account First 1000 predictions made in https://bitcointalksearch.org/topic/the-next-100x-1000x-coin-2106360 this topic "The next 100x-1000x coin?
56% of coins suggested get a negative result and 11% of coins suggested litterally collapse to zero.
The lesson should be easy. Dont gamble with your money and pay a lot of attention of coins that you decide to use/invest. The market Is not easy and isnt rare you loss a big amount of money with a bad decision.
Also a good suggestion, could make you earn a fortune now and be a 0 gain after a short time.
My suggestion? Learn as much as you can about this field. Try to earn only with Bitcoin and not be fooled by a lot of altcoins that seems created most of the times only to "stole" good coins.

Maus0728

legendary

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What a newbie can do during the bear market is to study different repercussions of what the market can do to your life especially if you are blindly following internet nerds in the forum without giving yourself a favor to educate yourself.

If you are a trader, then I think studying about RS/RW vs BTC is the best way to go to ascertain the direction of the market, then use your T.A when to enter and exit. If you are an investor, better off holding you top coins (e.g.,BTC, ETH) while accumulating as much as you can to get the premium price.

Or perhaps, get a job, then convert some of your fiat to crypto.

susuberuang

full member

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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 conditions try to buy some good coins so you can get good profits in the future, because bear market problems like now are very common things that happen even though every thing that happens it always has an effect and influence of something, but apart from that, buying at this point is a very good thing.

mu_enrico

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If you think there will be a bear market, then you should exit the market, cash out. With the capital you earned from crypto, you should be able to reinvest in safer instruments. Let's say some stable income fund will yield you 5% annually, then it's a good idea to store it there temporarily. Then, after you think the crypto dip is deep enough, you can cash out and reinvest in crypto. You can cash out partially to dollar cost average as well.

ice18

hero member

Activity: 2492

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As I observe from the last bear market started 2018, the best way is to patiently wait for the price to fall like 60-90% from the last ATH. But we don't know how long a bear market will last best thing is to buy every after dip there are some instance that a very low buy order will not hit and you will left behind. Converting into stablecoin and staking in bear market is also a good strategy, you can buy in every dip and hold then wait for another bull market coming.

LostEcho

jr. member

Activity: 75

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More dips are coming so wait, get some usdt ready but in the main time start learning trading, many people got hooked with bull market already thinking bears will always be overpowered this is impossible, bear market is what makes crypto bubble free

LogitechMouse

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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?

Dollar cost averaging still is the best way to earn money even though we are in a bear market.
I believe the most profitable way to earn in a bear market is thru futures trading but we know how risky it is right. I don't recommend a newbie for it but you may try a few bucks just so you know how fast your capital will either take profit or loss.

Staking isn't a bad idea at least for me because it gives you 2 purposes why you are staking. You are holding that coin in the long term and at the same time you are earning that coin increasing the number of your coins. I don't think that staking is a bad idea for now especially if the coin that you are holding is for the long term because if the market goes up again, you will take profits both from capital appreciation and from the staking rewards that you get. Mining isn't profitable maybe but its only temporary.

Well, you are a newbie right so maybe learning everything is even just the basics is the first step for you.

Gorosden

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1. Learn more about crypto
2. Learn about safeguarding your wallet
3. Do research on airdrops
4. When you rank up to jr member on this forum you can promote other new crypto projects for reward
5. If you have GPU that is capable of mining coins now is the time to mine and HODL, maybe BTC or ETH

Henrobakkara

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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?

You are thinking of an immediate profit which is usually the problem with most newbies but that should not be your option now but what to invest in since the market is down that will make you profits months and years from now, so I would suggest you look at some projects with good potentials, invest in them and wait it out.

GreatArkansas

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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?

Why staking is a bad idea?
There are some kinds of staking where you can still earn positive interest such as staking only 1 asset without contributing to any liquidity pool tokens, there are already a lot of them just like on the Solana network where you can use USDT or USDC to stake only and earn some interest. So if you want to be safe at all with current price volatility or dumps, then convert your funds to some stablecoins and deposit it to some platform that offers interest.

7deadlyBTCIN

member

Activity: 120

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You are not in loss until you sell your coins, either staking or mining you lost nothing until you decide to sell and even mining have more advantage than staking in bear market because you will get more quantities of the coin if you mine in bear market than in bull market, difficulty wise will be lower

Jackl87

sr. member

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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?

First of all the profitability for staking is always the same no matter if we are in a bear market or not because you always get a certain APY of your staked coins as reward. For example if you are staking 100 Radix for 1 year and the APY is 10 % then you will have 110 Radix after a year. So you should still let your coins stake in a bear market because otherwise you would simply miss out on free rewards. Of course you shouls not sell the staking rewards during a bear market if you don't have to. Just keep accumulating until the price rises again.

m2017

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Crypto Casino and Sportsbook

In a bear market, you can periodically buy crypto to average the purchase price in your portfolio. Don't wait for the market bottom to make the most profitable purchase. Few people manage to catch this. After that, just wait for the bull market to start, but keep in mind that this will most likely happen only in the next cycle: in about 4 years, if the economic situation in the world does not change much.

Keep in mind, this is not a guide to action for you, but advice that you may or may not use.

P.S. Do not expect ready-made answers and solutions to your problems by others. Study the information, read the forum and look for the best ways to make money for newbie.

It seems that this topic should be moved here https://bitcointalk.org/index.php?board=39.0.

X-ray

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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?

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.

JangoUnchained

member

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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?

Topic: Show a newbie the way (Read 584 times)