It's almost 12 months in the bear market, you are saddened by the dramatic fall in crypto and you almost see your capital has been reduced to zero! Congratulations, that's life!
If you have followed the golden advice, we invest in cryptos, only the amount of money we are prepared not to need them immediately or to lose, just wait and sooner or later everything will turn green again!
But until the time when the bulls come back, what do we do? How can we earn cryptos and value?
Below, are all the available options we have, so that we can win even in bear phases!
Mining
If you are interested nto earn some cryptos, which are in a project bbased on proof of work protocol, you can mining them and wait until their price climp up again!
Mining is the act of utilizing computer hardware to solve complex equations and find a unique, hexadecimal code representing each block. Those codes validate the specific existence of each block, proving the transactions within it are valid. The first miner to find the code earns rewards in the network’s token, which is why you want the most powerful hardware possible.
Apart from the classic mining method, there are other alternative options:
Mining pools
Where you unite your hardware power with all participants to find the hexadecimal code. From there, rewards are divvied up based on each user’s contribution to the pool, though it takes some of those fees as well.Cloud Mining
In this option, you are contributing money to a platform that does the mining for you. As a result, you earn the rewards based on your investment
Buy with Dollar-Cost Averaging (DCA)
Dollar-cost averaging (DCA) is an investment plan that helps investors avoid making decisions on the spur of the moment and based on emotions. Here, the investor tries to mitigate the effect of price fluctuations by breaking his one market into several at predetermined intervals in time. Instead of investing a single amount in an asset, the investor chooses to invest a fixed amount on a weekly, monthly or bi-monthly basis. This is done regardless of the price at any given time.
In essence, we can say that dollar-cost averaging is a suitable investment strategy for beginners or for people who do not want to deal with technical market analysis. Also, dollar-cost averaging is also ideal for long-term investors.
Staking and Savings
In Proof of work projects (PoW),the act of locking in your cryptocurrencies. However, instead of lending them out for loans, staking is used to validate transactions on your blockchain network of choice — also known as a Proof-of-Stake (PoS) consensus method. By staking, you’re essentially telling the network you’re willing to keep your device connected and validating transactions.
The more you stake, the more priority you’re given to validate transactions, and the more you earn overall. The amount you earn is based on the network, and payouts vary as well. It all depends on what the community decides. As you can imagine, it’s a perfectly valuable way to profit during a crypto bear market.
There is also the option of crypto savings accounts, in which they operate in a similar way to a traditional certificate of deposit (CD).
This is because, by depositing your digital tokens into a crypto savings account – you will be paid a rate of interest. And, just like CDs, your APY will depend on whether you opt for a fixed or flexible term.
Yielding farming
Yield farming is the process of using decentralized finance (DeFi) to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services.
Yield farmers who want to increase their yield output can employ more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains.
Crypto lending
Crypto lending is the process of depositing cryptocurrency that is lent out to borrowers in return for regular interest payments. Payments are made in the form of the cryptocurrency that is deposited typically and compounded on a daily, weekly, or monthly basis.
There are two main types of crypto lending platforms: decentralized crypto lenders and centralized crypto lenders. Both offer access to high interest rates, sometimes up to 20% annual percentage yield (APY), and both typically require borrowers to deposit collateral to access a crypto loan.
Crypto lending is too risky for both borrowers and lenders because the loans and deposited funds are beholden to the ever-volatile crypto market.
Cryptogaming - P2E
There are many play to earn (P2E) now, in which games, players rewarded by getting payed in cryptocurrency or digital tokens based on how much they achieve or play the games.