Make money on bears: 4 ways to make money on the bear market 

Golden Bears: 4 ways to make money on the bear market

Now the entire crypto space is going through difficult times. At the moment, only your personal plan has value, crypto experts from Bitsgap advise. It’s time to take advantage of the opportunity that the bear market provides.

First, let’s consider two key points:

1) If at the moment you are in a strong drawdown and stick to the same strategy that brought you here, you will not succeed;

2) If you develop a strategy to gain a consistent systematic advantage in the crypt, you will succeed.

Secondly, you will not be able to achieve heights in the crypt world without constant systematic work. Work on the edge, and do it all the time. There are no free lunches. Let’s talk about four strategies that will allow us to reach new heights in the next cycle:

Strategy #1 – Airdrop Farmer

Good examples have been seen quite recently – airdrop Hope and Optimism. The protocols have enough motivation to launch tokens, despite the harsh market conditions. Yes, these projects have tried to cut multiaccess. Most ordinary users who didn’t bother received an average of $800-$1500. However, Gabagool.ΞTh, who fulfilled many criteria for receiving a drop, was able to get $45,000 with a single wallet. The main thing is to set a goal and you will definitely get the result.

In the near future, some projects will introduce new mechanisms for distributing drops, and for greater popularization, they will give preference to smaller market participants.

I quite reasonably believe that if you were sufficiently motivated and treated airdrop as a real job or a serious hobby, you could receive a steady income.

Strategy #2 – Copy Trader

Let’s look at the PNL of the GMX trading platform, you will see that it has been constantly falling since the very moment of launch. Let’s analyze why this happens. It’s worth remembering that the casino always wins: the average trader eventually loses money. The PNL data for other exchanges say the same thing: there are several winners and many losers:

If you can’t beat that bunch of winners, just become them. What makes cryptocurrency unique is the fact that you can watch every move that professionals make. Find wallets that make successful transactions and repeat their actions. Pay attention to services such as Nansen, DeBank, Dextools, and Etherscan.

Strategy #3 – Bluechip Master

The time of consolidation will come soon. Any protocol that dies will cede market share to those who remain. So you can build a buggy portfolio. If you look at the DeFi sector: gems such as LIDO, AAVE, CRV, and COMP are close to historical lows.

Some well-known venture funds believe that the main DeFi protocols can reach a combined market capitalization of $10 trillion. Compare this with the current market capitalization of just $35 billion, and you will see the growth potential. If DeFi reaches at least $1 trillion, there will already be significant x’s.

A well-diversified portfolio can bring in a lot of money. Make a list of several directions: weigh their value in the market and, based on your own research, invest in each sector.

If you have patience, then creating a proper and strong investment plan will be comparable to investing in Nvidia, Amazon, Apple, and Microsoft in 1999.

Strategy #4 – An ordinary investor

How many tokens are traded at a good discount, relative to the prices at which the funds entered. This is an ideal time for an ordinary investor to use small amounts of deposit in a variety of projects. These can be sectors such as GameFi, CeDeFi, insurance, or infrastructure.

To do this, it is worth conducting your own research: talk to the team, and find out their long-term plans and the levels of implementation of current plans on the roadmap. Find out if the project has enough funds to survive this bear market. Well, of course, the prices of LED / private rounds, and their separations. Now you can bypass some funds in the game they are playing with us.

These are not the only ways to make money, but they are all fairly obvious strategies that will reward those who are willing to work.