Ways to Profit in a Crypto Bear Market

in #crypto7 years ago

The crypto winter seems to have placed the altcoin trade on ice. Crypto Bear market requires proper knowledge, unlike the rest.

Crypto Bear Market is the Best

There is a common notion believed by the newbies that if your alt bags drown, you will have to wait or do something else until favorable conditions roll in. On the contrary, the studies require a willingness to learn while some can be understood by experience. As you deploy this theory, you will be on the top when conditions align in.

It is not mandatory for the bitcoin to be on the high but to move if the user expects profits. If you can spot the trend, any which way is good. Short time frame leads to risks of getting liquidated. However, the payday walks close by. Watch out for recent trading altcoins, because bitcoin chooses the align the rest of the market.

Margin Trading

Margin trading can be termed as the future of the trading, considering the huge rewards it brings in. The fact that two top Bitmex traders earned 7,000 BTC is proof. Traditionally, you get to keep the coin even if the BTC value drops. The error margin is thin and if you don’t use the leverage, it results in liquidation as a penalty for failure.

Technical Analysis

No trader would be able to think about the future in trading without knowing the basics. Learn the first level moving averages and RSI and walk your way to Ichimoku, Fibonacci, and all the rest. You can use the Bitmex’s testnet to experiment.

Though you don’t have to be a pro, strong basics will help your entry and exit getting better and when favorable conditions occur, you will stand a better chance than the rest.

Way to Profit

The fluctuating market can be a threat. However, the way to your profit definitely has the risks. Scalping requires free time and interest to hang on through the process.

Find the Hidden Gems

You will have to research the underestimated aspects that have better potential. The low volume and cheaper rates can keep you away from the hurry-burry so, you’ve got time to find the hidden gems. Most traders are not so patient and lose interest during the development stage. Monitor the Github repositories and social feeds by the time.

The Game of ICO Detective

With an excessive loss on the go, the moment of hit gets the investors savvy. Instead of investing in a mere sale, save your ether. Wait and spot the bear trap in the crypto bear market and that’s what the experienced ICO researchers do.

Get a Job

If your trade business is on the low, it’s high time you get a job. We mean, a crypto job. The recruitment for such positions in the crypto community is still ongoing so, go ahead. Even if it isn’t what you fancied, you will be paid enough.

Now you have enough information about the crypto bear market. So hit the hammer and give us the good news of making profits.

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Hey ya,

Seems your article is based on the news here.

https://news.bitcoin.com/eight-ways-to-profit-in-a-crypto-bear-market/

Do put in the source where needed.

Cheers.