CRYPTO Bear Markets will create MILLIONAIRES! Benefit From The Crypto Crash

Bitcoin and the overall crypto market have crashed more than 50% from their all-time highs. The crypto market is officially deep in bear market territory! But did you know, that bear markets are what make millionaires, not bull markets!? In this article, I’m going to share 3 strategies that will have you taking full advantage of this bear market, and get you that much closer to living large like Gordon Gekko!

While new traders and investors fear bear markets like the reaper, bear markets aren’t as dreadful as they seem to those who know how to capitalize on them. Bear markets offer great entry points into the market with fewer risks, bigger rewards, and those rare opportunities to get in at discount prices.

As Warren Buffett says “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” So get your buckets ready as we dive into the 3 strategies to make millions off this bear market!

Strategy 1: Implement Dollar Cost Averaging

First of all: Don’t try to predict the bottom of the market. Invest in DCA at the bottom, through the bottom, and while the initial rises are taking place. In bear markets, supply exceeds demand, confidence is low, and prices are decreasing. Bear markets can be difficult for new or inexperienced traders. Additionally, projecting the end of a bear market or determining the exact price bottom to ‘buy the dip’ is difficult.

Secondly: Choose a sum that will fund a consistent investment plan. $10/day, $1000/month, $100/day, or $5–10,000/month, are good consistent examples to go by. Once you’ve determined a dollar-cost-averaging number, automate the investing procedure to have a more regular and stress-free schedule.

Lastly to reduce risk, invest exclusively in the most popular cryptocurrency. Diversify your portfolio by investing in multiple cryptocurrencies, but don’t over-diversify and dilute overall portfolio positions. We recommend sticking to the two largest cryptos and no more than up to five positions. But it’s preferable to stick to the two primary ones:

Bitcoins May 2022 price is about 30,000 USD, with a 56 percent potential upside from the previous all-time high (ATH) of 67,000 USD.

Ethereum’s price in May 2022 is at 2,000 USD, with a 58 percent potential upside from its last all-time high (ATH) of 4,800 USD.

Strategy 2: Increase Active & Passive Income

Start side hustles to increase your overall income because every dollar counts once the bear market is over, as it will then compound dramatically.

First Side Hustle: Stake and farm

The first strategy to supplement your income is to search for new liquidity pools and be the first to provide liquidity to them. Crypto users will be needed to offer liquidity to new automated market makers or decentralized exchanges as they launch. To encourage investors to place their tokens in their liquidity pool, they usually give a large payout in the form of their native tokens.

It’s not uncommon to see liquidity pools offering four- or five-digit rates in exchange for your token. As more individuals join the pool, the yield will decrease, so you’ll need to work hard to find new yield farms and make more money.

Second Side Hustle: Play-to-earn games like Axie Infinity

Another option to earn cryptocurrency is to play games like Axie Infinity. If you’re not aware with Axie Infinity, it’s a blockchain game in which players earn cryptocurrency tokens that can be swapped for real money.

There are few ways you can earn from Axie Infinity:

• Farming SLP and selling them for real money
• Breeding and selling Axies
• Starting your own scholarship
• Trading SLP and AXS
• There are reports of people earning thousands of dollars a month in in-game token SLP playing Axie Infinity.

Several other play-to-earn games such as Ember Sword and Star Atlas are also slated to launch next year.

Third Side Hustle: Testing out new protocols

Because new blockchain protocols are introduced every day, it’s not uncommon to see them offer incentives to encourage consumers to check them out. You can test out fresh methods that give out incentives if you are dedicated and curious.

There are even mechanisms that will airdrop future fresh tokens to you if you stake your cryptocurrency with them long enough. You will receive a little token Avalanche if you move your asset into the Avalanche network using the official bridge.

Strategy 3: Don’t Sell Current Crypto Investments

Keep your cool! You must respond calmly whether you decide to sell your cryptocurrencies or consider a dip as an opportunity to buy more. Making emotional decisions, particularly while trading, rarely yields positive results. So, before you jump into the market in a panic, consider why you’re trading cryptocurrency in the first place.

Are you investing because you believe in the potential for long-term growth?

Or are you only interested in making a quick profit through short-term trading?

The answers to these questions can assist you in making the best decision possible. In either scenario, you should act in accordance with your personal objectives. To put it another way, think long-term if you believe in the possibility.

Evaluate the circumstances. Is news driving the price of Bitcoin and other cryptocurrencies? It’s possible that fundamental news, rather than price action or rumor, has impacted market mood.

Actual developments in 2021 will impact prices. China’s decision to prevent financial institutions from offering crypto-related services was a step further in a crackdown that began in 2017, when the authorities outlawed crypto exchanges but did not bar individuals from possessing cryptocurrencies. The Federal Reserve then chose to limit liquidity in the financial sector late in 2021, causing several cryptos to plummet into 2022.

In May 2022, the stablecoin TerraUSD fell as speculators engaged in a classic “bank run,” fearing that it lacked the crypto assets to back its dollar peg. This news spread to other cryptocurrency exchanges, as traders feared that selling would lead to additional selling. As a result, these actions have dealt another major setback to the expanding market, which had been receiving large capital inflows.

Final Thoughts on Investing in This Crypto Bear Market?

And here are some final thoughts to help you maximize this opportunity. Remember to diversify, but not dilute your portfolio. Diversifying across only a handful of cryptos is enough to get the benefit. Next is to think long term. Don’t be concerned with the daily price fluctuations. Look day to day for a good entry point, but once crypto is bought, it needs to be held for 12 months at a minimum. Doing this stops the emotions from getting involved and panicking. Holding for more than 12 months also helps avoid short-term capital gains taxes, so it’s a double benefit. So only invest with money you can depart with for more than 12 months.

Finally, in a market as volatile as the crypto industry, aiming to constantly catch the bottom may be fruitless. A bear market can sometimes terminate as soon as the bottom is reached. When assets begin to rebound, one may wind up investing at a higher price in an attempt to catch the bottom or buy the final drop. Thus, stay consistent with using the dollar cost averaging investment method for an extended period of time to invest right through the whole bottom.

While there is plenty of information and recommendations on how to invest in bear markets, it’s always important to do your own research!

This bear market will make millionaires. So the question is, do you want to be one of those who can claim that in the future? Armed with these 3 fortune-making strategies, the chance has increased dramatically. So how did you like these strategies? Is there any I missed?

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