As I already told you before, the crypto market is volatile, and anything can happen in this market. If you want to survive in this market, you have to adopt different strategies for earning or reducing the risk of your loss.
What I mean is that you must adopt a strategy for every market situation. For the bull run, you need to have a strategy that keeps giving passive income. Similarly, for the bear market, you must have a strategy to at least avoid booking losses, and instead, you should aim for passive income.
Similarly, for the sideways market, you must have a strategy to grow your wealth and keep earning passive income. If you manage this, then you will surely survive in this market. Otherwise, it's better to leave the market and spend years learning about it, as well as trading and investment ideas.
In this post, I will try to cover some strategies that can work in every market situation. Itโs obvious that investors are not worried in a bull market because earning is very easy at this time.
You can earn money easily by taking any kind of trade; 90% of your trades will be successful, and your investments will grow your wealth. But still, I will share a strategy that will help you earn money.
That's very simple. If you want to earn money in a bull market, then apply the strategy of the Rebalancing bot, where the bot will keep trading between your coins, giving you passive income, and your wealth will keep growing.
If I talk about the sideways market, the #SPOT grid strategy is the best to give good earnings. You just need to know the range levels. Letโs suppose Bitcoin consolidates between the levels of $80K and $85K; in this position, you set a spot grid for any coin, and you will keep earning passive income.
Now, let's talk about the bearish market, which is one of the main concerns for every investor or trader. The majority of investors book losses in the bear market and stay still, watching their losses, unable to do anything.
But I have a strategy that can be helpful in the bearish market. If you are already invested, then itโs better to find staking options for your coin, or you can also use the conversion option to switch to other coins that offer you good APR profits.
Letโs suppose you have invested in #Hive and get stuck in the bear market. The better option is to deposit your Hive into the ecosystem and go for power-up. You can easily earn 15-20% APR by delegating or working in the ecosystem.
If, in case, you have cash, then the best strategy is to use the DCA feature on Binance. This means you will have to select the range, buy in parts, and keep selling when it gives you profit. Spot DCA is the safest strategy in a bear market.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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