Happy Bear

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(Edited)

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Back at the Crypto Blog

It took a while after I stopped writing for LBI before I really felt like writing a blog that focuses entirely on crypto. I had hoped that in the past period I would have had more opportunities to start shooting again, but due to various circumstances nothing has come of it yet. Apart from a single photo, I haven't gotten any further with it. It is what it is, and it doesn't matter...but it made me really run out of ideas about what to blog at this point.

You don't want me to ramble about my day!

I always assume that no one is waiting for a daily story from me in which I tell what I have done in those square kilometers around my house. Whether the dogs have been nice or just very barky, (yes shepherds can be very barking). That was not going to be it for today. But ... it is definitely itching to pick up blogging again, because writing for the sake of writing, I haven't done that for quite a while.

Lifted the pressure for myself

There was always some kind of pressure on my side. I had to write, I had to perform. That doesn't always feel good. In fact, that actually just feels bad! I have often thought that it was precisely that pressure that caused me to struggle again with finding what I could write about. The pressure and my own perfectionist streak. So the solution was to tell myself that I don't have to blog at all, I don't have to perform, and I don't have to be perfect. For the simple reason that no one can be perfect.

I got lazy! Oops ...

It is noticeable in the frequency of my blogs that I have become less strict with myself. In fact, I've just gotten lazy blogging! But with the big difference… IF I write a blog now, it is also a blog in which I have something to say!
Yes, really, I have something to say. So what do you have to say, you might be asking yourself… Well, it might surprise you, but today I wanted to talk about some things you can do to keep making money during a bear market!

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I don't think we bottomed yet!

Bear market? We are actually going up with Bitcoin, and so are the other cryptocurrencies! That's right, Bitcoin went back above $30K, I'm also very happy to see that, but unfortunately I don't believe that this is the end of the downtrend yet. I sure hope so! We'll see!

So, what is the plan?

I was talking about making money in the Bear market! So let's take a look at that. I've been thinking. As everyone knows, it always starts with making a plan, in fact you should always do that, so also for a Bull market! But we were now talking about Bear market, I feel like we are in a Bear market now and as long as I adjust to that it can only go well. However?

Earning DURING a Bear market

As we all know, the Bear market is that intensely long period of time when you see your portfolio largely evaporated if you haven't been paying attention and have secured your profits before the bear is released. Holy shit! Gone are the profits, and only red numbers for months. No profit! Those are often the negative thoughts. The other side of such a Bear market is, of course, that all crypto is on sale. Cheap Bitcoin, cheap Ether, and whatever you want. But you also want to keep earning DURING such a Bear market, right?

Pessimism everywhere around you

When the sentiment in the crypto market takes a turn, and you see nothing but negativity around you all day, look at red candlesticks every day on the charts, your favorite coins are halved in price, or worse. One major investor after another is stepping out of the market, and Social Media is showing nothing but pessimism. Then it is difficult to sustain yourself and feel euphoric about a purchase that people believe will NEVER recover.

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Don't be fooled! Crypto is here to stay!

You too, can keep earning in the Bear market. The first thing you should do, that's where everything starts, is make a plan!

  • The Plan!

If you show up at the start of the race with a clear plan, (yes, see it as a race), it becomes much easier to reach the finish. With this plan you make your activities visible and you can also see how your progress is, or where and how you might go wrong. And it can also prevent you from FOMO because your plan is your guideline. A number of things are important in the plan you make for yourself. For example, HOW you are going to invest, and also what you want to achieve as a minimum profit. You describe to yourself what you want to do with your return. Think about the deadline! You must have a plan for both the short and long term, but a goal is essential in both cases. There is nothing more annoying than being aimlessly busy. If you don't have a goal, why are you putting in all your effort? And make sure you stay realistic. Becoming a millionaire is possible, but not in 2 weeks.

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  • Stake your coins

If you missed the moment to sell during this bull run, what is plausible. And you are now looking at an investment that you have confidence in that it will still exist with the next bull run and that it will also do well. Then take a look at the option to stake your coins. This ensures that you don't have to sell at a loss, and even better, you increase the number of coins so that you have even more to sell during the next bull run. You will have even more profit added to your balance.

This staking is not only useful to get through the Bear market, but can also be a very useful trick if you have bought crypto for the very long term. Through staking, you increase your portfolio in a fairly safe way, and the interest that you can get on crypto exceeds the interest on the bank in all cases. If you put your money in dollars or euros in a savings account, you know for sure that you won't receive 10% interest. This is certainly not uncommon in crypto.

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  • Use NFTs to earn!

There are now several NFTs that provide you with passive income, and if NFTs can continue to perform as before in this current crypto environment, it could mean a double win. Not only does your NFT appreciate in value, but you also earn passive income over time. Suspending your NFTs is now also one of the possibilities to earn with your NFT.

This is fairly new and means that you connect this NFT to a protocol / platform and earn staking rewards for it. Compare that a bit with Yield Farming, Liquidity pools. Or to compare this with the traditional systems, think of a savings account where you keep your money at a bank. The advantage of the NFT is that it belongs to the decentralized world, and the traditional bank is of course a top example of centralized.

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  • Play-2-Earn

Ah, luckily we can and can still have fun in the long depressing Bear market. We have the Play-2-Earn games in the crypto world for a reason! And who doesn't enjoy playing a game?

It's not that hard for Hive bloggers to get started. We have various games on our own blockchain. The advantage of starting in a Bear market is that you can start much cheaper. Many gaming NFTs are thrown on the markets for very cheap prices, they are on sale just like crypto coins. This gives you the advantage if you want to invest in a game that can be expected to flourish in the next Bull market.

When researching the games, keep an eye on how the team communicates, whether the deadlines have been met or can be met. What earning opportunities are built in, and what are the options that the game has to offer. And not entirely unimportant … on which blockchain the game is built. I know, we have quite a few games on Hive, but there really are games on other blockchains too. And who knows, you might find those interesting too!

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6.) Learning

Bear markets tend to last longer than Bull markets, and in your opinion, it certainly will. But you don't have to be bored in this time. Also, you don't have to completely forget about crypto, in fact it's a very good idea not to. During a Bear market you have all the time to fully immerse yourself in every little detail about crypto that you always wanted to know, but hadn't got around to learning yet.

You have plenty of time to learn about trading, play with a small amount of crypto you want to keep. Try to increase it. Here you try not to start from the dollar value, but rather from the crypto. Let's say you are going to trade with 100 ONE and you are going to try to make at least 1000 ONE of this. I'll just cite ONE as an example. But you could certainly do some research for yourself in the time of the Bear market which crypto projects you expect to do well in the next Bull market. Making a Fundamental Analysis, vetting the team … what kind of activities do you see in this Bear market. If you don't see any activity at all, then there is not much hope that such a project will do well in the coming Bull market.

As you can see, you don't have to get bored during the Bearmarkets, you don't even have to stop earning at all. And anyone who reads this blog on Hive knows that better than anyone. Because, and now comes the last tip I can give, especially in a Bear market it is definitely worthwhile to keep blogging consistently, and therefore continue to earn.

Happy Bear!



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32 comments
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Great blog and it is wonderful to see you back to writing! Yes I agree now is the time to stake! stake! stake!

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Thanks, yeah, it took me some time to get the engine going so to speak. Lol. I really had other plans in my mind! But once again crypto drew a line, and I had to adjust some things, especially my thinking in what I want, and what is possible. But here I am again ... Thanks for your enthusiastic reply! Great to see you too!

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Well welcome back and I hope to see more. I don't often see your blogs I think time zone maybe impacts when I get shown things.

Posted Using LeoFinance Beta

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Oh man I love the Bear, I am earning and grinding like never before. I just need to keep it up till March 2023 and then see what a year of grinding does to a person and a portfolio.
Next to HIVE I am staking CAKE DefI, earing and BAT and buying other peoples BAT rewards at a discount if they don't have a wallet. Actively Noising to make some BCH, and earning more using Readcash.
Praying that TORUMs XTM will one day reach again $1.25 so I can sell again and make a big bang from my XTM buck like last time.
Staking my BCH at celsius and getting some other staking rewards at Bitvavo and Kucoin.
It´s keeping me busy, but it will be March 2023 way too soon.

Posted Using LeoFinance Beta

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(Edited)

Sounds like a good plan! Djeez, you remind me of things. I have a Torum account too (which I have not used), I have noisy account too, (same story). Earning BAT is something I'm doing every day. And a few other things are running as well ... but yeah. We have to see where it will go. I hope you're right about March 2023. I can survive until then.

Enjoy a slice of !PIZZA to keep you fed while you're so busy!

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The sentiment seems to keep changing so quickly depending on the price! I cant keep up with it! :)

Posted Using LeoFinance Beta

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Lol, maybe the best way to handle that is when you have your own plan and just go with the flow ... Thanks for visiting and your comment!

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Thank you for your valuable tips :) And I agree with you on them. Having a plan, keep learning, stake assets and keep grinding :)

Came thru LN :)

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Thanks for visiting through LN, and yup, stick to the plan, keep learning, staking and earning. Have a great day!

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It's great to see that you have Started writing again. Yep, we can still do a lot with the bear market if we have a plan in place.

As it stands we are lucky to have Hive because we can stake and earn curation rewards during the bear market and we can have fun playing games, at the same time earning.

Thanks for the reminder. Welcome back sir. 💚💚

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Thanks! I did write though, but not crypto or finance related. That took me a while to get back to. And I still feel that I should blog about awesome photography outings, but unfortunately there haven't been awesome photography outings. So no blogs about that ... I hope they will come soon!

And yes, blogging, staking etc is a good way to make more during the bear market. Let's see where we will go.

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I am glad the bear is here. Buy Buy Buy Thanks for sharing.

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Nah, not yet ... let the bears run wild for now. And buy later when I think it has bottomed. I don't think we're there yet.

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(Edited)

I don't believe that this is the end of the downtrend yet. I sure hope so! We'll see!

Same here

Becoming a millionaire is possible, but not in 2 weeks.

Heh are you really really really really really really really really really sure?

Nice post, cool to see you have your juice back

Happy bear

Posted Using LeoFinance Beta

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Lol ... for 99,99999999999999999999% I'm sure that it's not possible in 2 weeks. But, if you are up to the challenge to prove me wrong, feel free to do so! 😋

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Yikes! Not the bottom yet? I hope that isn't the case, but I know a lot of other people feel that way too. It could be that you are very right. I guess for now we just keep holding, building, and buying where we can. I came here via Listnerds.

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Lol! I'm wishing I'm completely wrong here. But to be honest, looking at the figures is telling me that we're not at the bottom yet. Hold your breath and get ready for a rollercoaster ride!

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This is a lovely guide ... will reread and absorb after I finish the rest of my Listnerds reading today!

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Great information here. All common sense. Focus on what you can control (content creation, curating, play2earn, etc.) and ignore what you can't control. I like to ignore the news. And negative naysayers.
!CTP

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I read your blog today, i cannot make much of it, not yet, still learning in this crypto world (and in the real world), but i recognize your writing style anyway, ;-) nice blog sis!

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Thank sis, yeah, it takes some time to learn. And guess what? You keep learning, I am by far not done with learning. Crypto is evolving and developing at a rapid pace. But, don't worry about that too much. The more you do it, experience it and dive into it, the easier it will become.

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