Topic: What's your strategy to carry on making money when Bitcoin turns bearish - page 2. (Read 765 times)

Trading will be more difficult especially in times of bearish season and if the trader alone is still not skilled or lack of experiences. I'd rather be buying and holding for long term as it has less risk and yet, the profits will be huge enough after long term holding. Patience will always be the best virtue not just in holding but even in trading too. Aside from that, we can also start making real businesses offline so we can gain profits too from other sources aside from crypto. Bearish season cannot give us immediate profits most of the time so looking for another source of income is advisable.

As an HODLER investor, every bearish market opens an opportunity for me to purchase more BTCs while the price is down on the market. Although this technique will not guarantee profit short-time, it definitely has the potential of earning you significant amounts of return in long-term (basing this purely on the price history index of BTC).

If you aim to earn short-term profits, then trading would be the advisable way to go although this may be extremely risky especially for newbies who lack the experience in this kind of platform.

Not everyday is Sunday, you can't make profit everyday. I being Not good in day trading or short term trading like to accumulate btc when it gets bearish and will sell when it goes up. There are traders who make money whether its bearish or bullish season since they have necessary experience of handling wild fire of cryptocurrency. New commers must go for hodling.

If you are good in reading the charts, you might wanna go for shorting BTC but it’s considered high risk as the market cannot be predicted. Since BTC is the world’s most popular and the ultimate mother of all cryptocurrencies, the less risky way is just simply holding it because you can’t deny that BTC’s value will rise once again.

We have different methods to make money when bitcoin approach to bearish time or method, before them i think we have to reason ourselves together, from my opinion i think before bearish if you want to invest the best thing is purchase bitcoin that the market is some how buyable and affordable and immediately we enters bearish market we can make huge amount of money.

Cryptocurrency has bullish and bearish season. As much as bullish market is beneficial to most people who are doing crypto, we can't also deny the fact that bearish market is inevitable. Hence, you shouldn't just only rely on crypto because there will be days that the market would just be red. If you sell, you lose. It's really advisable to make many stream of income so that when bearish market enters, we have income generating fall backs.

Diversify your funds. Allocate it in different investment vehicles that are reputable and trusted. You could check how stock market works and see if you'll have the gist and like it.  You could also make use of your passion to have some sort of side hustles that could make some money alongside with watching the market movement. Or you can start a small business that is relevant and needed by the people in your community. You can also freelance online with the skills and talents you have. Selling something could be an option too. You see, there are so many things that you can make a profit with. You just have to be creative, strategic, and determined. After all, it isn't always christmas in crypto. There are low and saddening days too. We just have to utilize the resources we have to survive while the market is still on its low phase.

How long you can hold Fiat when bear comes\? aren't you triggered to spend the funds since this was being converted into Fiat and not moving up or down?  why instead in converting to fiat make it worth at Cheaper crypto?
liek Dogecoin or at least Shiba Inu? or at least other coins?
depend on which coin you are holding right? if shitcoin or memecoin do you think it is advisable to continue holding?

Common answer maybe short, but if me when bear trends come usually i am holding fiat and wait for right moment to trade. Because sometimes i easily to panic, even doing short, price will bounced too, and it can made i lost in trade. That is why for me wait is better until market stable.

Everyone should be thinking about this and aim to spread their money around numerous different assets. Sure Bitcoin could go a lot higher from this point and it's looking very likely, however it is currently at record highs which often leads to corrections. If you just had small holdings of Bitcoin this might be irrelevant, however if you have large holdings of Bitcoin that you've held for a long time with few other assets - then selling off a portion to buy property, stocks or just having a nice amount of cash would be a prudent idea. As you suggest, it is a matter of when and not if, Bitcoin will turn bearish again at some point as it has done many times before - you can even get more in the buying opportunity presented if you have liquid assets elsewhere.

In essence this is doing a buyback when there is a crash dump. But capital management here is very important to run this strategy. We must have capital reserves to do buybacks.
A bear market will not always be bearish. Buying during a bear market should pay attention to the strongest support points. making purchases in stages might help. what is certain is that when the price starts to rise, we will benefit in a bear market situation.

Don't think about doing a panic sell. When the bear market attacks, I do nothing, stay HOLD and buy more at a low price and will get a profit when the price goes up again. Bear market is a discount event for us

Hmmmmm many are saying that its better to hold if you are holding some Bitcoins already and some saying that buying in a bear market is better since all of the crypto coins are at a discount.
While these 2 are good, I think another way to make money in a bear market is to transfer some into stablecoins and then wait for Bitcoin to go down and then convert it when you feel that it is the right time and then wait for it to go up again.

Of course this takes time but there is no such thing as easy money right . Gaining profits in crypto is a process so just trust it.
Another way to make money in a bear market is thru shorting it. Although this requires experience and knowledge, you can still earn money thru it as long as you know what you are doing. Another one is accumulating more overtime or in short, Dollar Cost Averaging.

yes , when bitcoin starts falling best to sell it all first and wait for altcoins to dump as well then buy some shitcoin (but make sure you know which coin is not to die completely) and trust them for a while.
actually thisis the strategy of normal trader but not for me because i would rather hold than selling my bitcoin in no exact knowledge when to dip.

Falling prices are a good opportunity to buy.
Keep holding and buying!

in the last bear market , i step out of crypto and focus in some small real businesses like Bicycle shop repair and accessories . of course i maintain my holding in this market.

i have just back recently when the market finally make its way to the fullest.

But if you are buying cheap coins, buy those coins with concrete foundation. What I mean is, they have use case in the market and people are really using it. Because as we have seen, there are so many worthless coins. So in this case, better look at least in the top 1-50 coins, and check each one which has the chance to survive long.

Many think about holding could save their money from loss although sometime its through but sometimes not since its really not worth the stress we can get for continuous holding compare if we do cut loss and buy back again where we have chance to recover what we supposed to lose then earn with profit when another round of pump will go on. Although its hard for someone to do this but if we just familiarize the market for sure we will have higher chance to go success on doing this.

Experienced investors/traders would really see this way on which they would really be seeing this as an opportunity to buy cheap because market could eventually make out recovery later on.

Making money on bearish market is still plausible specially to those who do scalp or make out short trades and to those who do buyback
when its cheap and wait for the right time on selling on a certain point.

DCA or accumulation on cheap price is a common way but its not simple as it sounds yet you would really be that in doubt in doing such action.

It will always be an edge if you have other skills that can help you land another job than just trading along in crypto because in time of bearish season, there are less opportunities to make profits. However, buying and holding your trusted coins in this bearish time can give you profits in the future but the question is when will be the exact time. Crypto brings a lot of uncertainties and if you are not wise enough to survive, then you won't make good profits at all.

This is why investors are advised to only invest what they can afford to lose, and to also get a job in RL, it's absolutely risky to depend just on crypto, the market is unpredictable, so you can't put all your eggs in it, thus on that basis, if you invested with only what you can afford to lose, then it's expected you have some other cash somewhere else, you can put it in some other investment or start a business, and then if you have a job, then you can also use the income from your job to start up something during the bear market.

Having said that, another thing is to try as much as possible to have diverse skills, making it possible for you to offer one service or the other, that way you get paid for what you do, and you'll not even have to worry about the bear period as you're sure Bitcoin will still rise up again and you'll make profit.