Hi Lions,
After some time ago $HIVE was stable near the price of $1 and almost the same as $HBD but at this time the average crypto price for all cryptos is experiencing a bloodbath market or bear market, especially Bitcoin which has fallen more than 60% at this time unexpectedly. directly wading through the market on other cryptos. Bear market is of course a matter of concern for crypto investors, especially those who have large investments in crypto, will experience their assets drop drastically.
Today i would like to ask to you all guys about What is Your Strategy When Your Crypto Investment in Bear Market?
The rapid rise and fall of prices has become a part of the mainstream for the world of cryptocurrencies, considering that this one asset is indeed categorized as an asset that has high risk because the volatility in the market is very high, so we must be really smart in having a strategy in investing in crypto.
So, I'll be the first to answer and sharing about my strategy when my crypto investment in the bear market, facing this situation many peoples ussualy having their own strategy depending on their psychology and how their mindset works, there maybe doing panic selling, adding to their crypto investment by buying it on dip market, HODL and others.
My personal opinion, the bear market is indeed very worrying, for example when we have bought crypto at a price of $ 1 and at this time the price of crypto has dropped to $ 0.5 of course this is a worry for us and even haunted by feelings of fear if the price will drop more drastically and cause us take panic selling steps. However, smart investors sometimes see the bear market as an opportunity to buy and add to their crypto assets and the crypto HODL to get a profit on their investment.
My strategy is very simple in dealing with the current bear market, namely HODL all the cryptos I have, but when I have more money to invest I will add to my crypto asset portfolio by buying them during a dip market. In addition, it also diversifies crypto assets by monopolizing one another in order to reduce the risk of loss and not focus on only one asset.
Earning passive income is also important in getting profit during bear market by investing in De-Fi projects and for example having assets in leofinance projects such as $CUB and $PolyCub which gives you passive income benefits on farms and dens. Besides that, choosing pHBD - USDC pools gives me passive income without any risk because these two cryptos are stable coins which are certainly very stable without worrying about losses.
So how about you guys? What is Your Strategy When Your Crypto Investment in Bear Market??
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Who am I?
I'm Romi and i'm Crypto Enthusiast, that interesting with Blockchain Ecosystem, i love to be content creator in blockchain social media, sharing my perspective and experience based on my knowledge and hobbies. I Hope that i can develop my knowledge day by day especialy about Cryptocurrencies and making new friends that i can called as my families :)
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I like to see at least an 80% drop in price from the top to start buying crypto, a nice project not just any, regards!