What To Do During The Bear Market

in LeoFinance3 years ago (edited)

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Fat bear "747", from Katmai National Park

Bitcoin dropping under $30,000 and hanging there makes me think there is still room for down across the crypto markets and I think it could be September or later before we see a strong recovery.

I don't want to focus so much on prices during the bear market, but rather on accumulation for the next run up. There are several ways to continue to stack tokens or accumulate and I don't pretend to know them all.

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The most obvious way is to buy in each week, with a steady amount into a good crypto you think will do well. Coinbase and other mainstream exchanges will often let you set up auto purchases and give you a small bonus for doing so. While you are there look at what they have available in the "Learn and Earn" section. image.png

#Hive is a good way to earn small amounts of Hive and power up to curate and don't forget to find your favorite tribes, mine is clearly Leo. Or test out the new HBD for a fairly safe 10% interest bonus. You do have to put the HBD into savings to get interest as I am sure you have heard.

#Cubdefi for earning larger amounts of interest (currently 154%)

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If you want the low maintenance plan, deposit into the Kingdoms and you can just check in once in a while to collect your rewards, much of the process is automated and continues to grow both your principle and your yields. With any high Interest rewards the risks are higher as well. Right now the inflation is keeping up with the price corrections, but can you imagine what it will be worth next time we moon?

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Several exchanges including Kucoin and CoinEx will allow you to lend BTC, ETH and Stable coins for interest in about the 9% range, again with little risk.

Another way many attempt to build their crypto piles is the age old "Trading", while I do some trading, I am simply not good at it, and so I have a bias about the amount of risk it takes to trade your way into a better position.

Do you agree we are in a bear market?
What is your strategy?

@whatsup

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I think it could be September or later before we see a strong recovery.

My crystal ball tells me something different.
So very , very, different....

For some strange reason I'm not feeling optimistic

Information can be used to your advantage, in whatever form it comes...(imagine selling ur btc at 55k, and buying back at 29k!).

Information is simply extra knowledge.

well i did sell it at 41, but i dont want to buy it back at 29!

You are in the it's ded group,.. the government and the billionaires got you in so they can dump on you...?

Just a guess.

I am sure it is being manipulated, but it isn't ded in my opinion!

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I'm not in the 'it's ded group'. Far , far, from it, in fact.

I AM in the ' I know some things that you don't' group.

I was gonna publish some things in more detail a few of months ago - pre my account attack from the morons - but my 'philanthropic spirit re Hive' is now totally non existent.
I wonder why?... lolol...

I'd still love to help people out with my info , but I won't - not if enriches or helps in anyway whatsoever, the brain dead, tyrant 'woke mob', that infects the higher echelons of hive... ( I'd prefer to see the marxists destitute, rather than profitable ).

Note:

....It's the same crystal ball that told me that 'the 16th of May' (a day or two either way), was something to take note of .
It turned out to be 'the elon musk' moment. (15th if memory serves..?)

...I screen shotted a conversation about it - it's on my blog - a convo that took place on the 14th of April if I remember correctly.
But what would my crystal ball know?
(she also told me 'the elon musk moment' had zero - nada - zip - to do with crypto - as does the upcoming date and 'thing to take note of' - the dates of which I'm not publishing here...)

I am curious. I'll bite. Where might I enquire to view into your crystal ball?

The crystal ball is no longer available on the hive platform , soz.

You can thank the hive woke mob, and the commie tyrants, for that.

what platform is the crystal ball available on?

It isn't anywhere - sorry matey.

Who knows. Could be, but.. I don't think so.

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I have been focusing a lot on passive income from some of the NFT projects that I am involved in. I have also been doing some recurring monthly buys from Coinbase. Finally, I just keep showing up here each day to post, curate, and comment!

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I also didn't mention NFTs, which are also cool.

Some of the games at least.

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Yeah, I am liking a lot of the stuff I am seeing lately.

Strategy will be to stack - buy low and Hold till we see a strong enough recovery (am thinking next year)

Yeah, it could be

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We are in a bearish bull market. A bear market inside a bull run, if that makes any sense. My strategy? Accumulate from the two DeFi projects I’m currently on, cub and rune. And grind on with hive and it’s derivatives. And play splinterlands

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For now until the bottom drops out. Sounds like you're still in the state of denial, the bubble is bursting. You know what they say, ignorance is bliss. There is no such thing as a bull market in a bear market, lol! Nice try, haha you should be a comedian. I really hope this is the end, and I'm wrong for once, however I've been predicting this stuff for decades.
https://blurt.blog/btc/@coininstant/don-t-be-a-snowflake

https://blurt.blog/btc/@coininstant/btc-to-the-seafloor-as-i-ve-been-saying-all-along

https://blurt.blog/hoge/@coininstant/wouldn-t-you-like-to-catch-the-next-80-dip-on-bitcoin

https://blurt.blog/btc/@coininstant/don-t-get-dicked-over-by-bitcoin-going-down-lel-you-betcha

https://blurt.blog/btc/@coininstant/the-big-l-btc-l-shaped-pattern-spotted


Screenshot 2021-07-20 at 8.53.53 AM.png I sold all my bitcoin up HERE, at the tippy top actually some over 60 K, some the very highest day too! Ooooof!

Splinterlands, a good one I forgot to mention

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You are always pretty calm and collect in a bear market. I like that about you. Pretty much the same thing you said last time and here you are, It must have worked out alright for you last time so use the same method. Smart.

I want to see green days again :)

Yeah exactly, accumulation begins here! I do think it goes down, but if btc drops to 20k, or even 10k, that would give us plenty of time to accumulate so we're ready for the next halving. I've already started formulating this plan in my head to only accumulate any and sell after the next halving 2024 - 2025! I expect by then HIVE may touch 8 bucks, SHIBA a few pennies, not to mention all these other alts. BTC next time around 250 - 420K! Let the stacking begin.

I hold, so in some way i bet on it that we dont see 20k anytime soon. There is to much media attention and as far we see again green days and weeks people will start to be crazy again.

On mainstream media, youtube, tiktok and other social media. But this time i will sell the next high ( or high feeling).

Because my opinion is, that will be the ultimate retard magnet.

No financial advice :)

Oh yeah I hold my alts, however I fully expect 20k, then 12k, then under 10k. No big deal, they going FOMO already again today, seen this time and time again. If the bear trend breaks, I will change my tune.

Stacking and building! What else is there to do? I don’t care about these price dips, I am building for the future, not today.