The cryptocurrency market is a fickle beast these days. Just as everyone was about to pop some champagne and celebrate a bull run, the bear of crypto winter reared it’s head yet again. As Bitcoin approached the $4,200 resistance, the market took a 180-degree turn and plummeted. But there are still ways to make money in a bear market. So take note of this best investment secret.
HOW TO MAKE MONEY IN A BEAR MARKET: HODL
This is the most important and by the far the easiest investment tip you’ll ever hear. Listen closely. A bear market is not the end of the world. Unless you have the Angel of Death knocking at your door, there is no need to sell all your assets during a bear market for fear of losing money. If you’ve got time, then just relax and HODL. The bear market will eventually end and another one will come. That’s the nature of the industry but overall, the trend is a positive one. So if you’re in it for the long term, HODL is really the most obvious investment secret out there.
HOW TO MAKE MONEY IN A BEAR MARKET: DIVERSIFY
Speaking of your crypto portfolio and bear markets, diversification is another important investment secret you should know. Everyone hurts in a bear market but you can stop the bleeding with a diversified portfolio. If you have invested in high-quality cryptocurrencies, then ideally, the losses will be minimal and when the bull run comes, they will profit the most. So do your research before investing. There are a lot of bad altcoins out there that have no sustainable future. Ideally, you want a well-rounded portfolio of cryptocurrencies that serve a real purpose in this industry.
HOW TO MAKE MONEY IN A BEAR MARKET: TAKE A LOAN
One overlooked investment secret is to change your thinking about a bear market. Don’t associate red with a loss. Associate red with opportunity. By that, one should use the bear market as a chance to buy affordable cryptos and eventually profit from them later. If you lack the funds to buy during a bear market, then consider taking out a crypto loan.
Platforms like YouHodler let you use BTC, BCH, BSV, LTC, ETH, XRP and more as collateral options in exchange for a near instant cash loan. Use this money to buy affordable crypto during a bear market without having to sell your other assets. After paying back the loan, you get your collateral back and have a more secure portfolio than before.
This platform also has a referral program and customizable loan terms to visit their site today and see how you can profit now in a bear market.