Just a few days ago, everything seemed to be going well in the crypto-currency world, but as Christmas bells began to ring, signs of a bear market returned. However, there is a glimmer of hope in this temporarily wounded market. It is still possible to use the BSV to your advantage and come out with a profit
BITCOIN SV TAKES A BIG LOSS
According to CoinMarketCa, Bitcoin SV had a 24-hour trading volume of $161 million and has seen a slight increase in the last few hours. However, it saw a sharp drop to 14.87% on Christmas Day. Analysts were predicting big things for BSV at the beginning of the week but now some are panic selling. But don't let this drop on Christmas Day get you down. If you do it right, you can still come out on top.
How to use a bear market to your advantage: buy SV bitcoins
You've probably heard the old adage "buy low and sell high." Well, the same thing applies to this situation. Sure, the market is down and that means your portfolio is shrinking, but don't see that as a bad sign. See all that red as an opportunity to buy more crypto while it's cheap. At this point, we all know how volatile the crypto market is. It will still go up and down. So it's best to prepare your portfolio for the next bull run by buying while it's cheap and selling at the top.
How to buy Bitcoin SV without money?
If you're short on cash, don't worry. You're far from alone. The holiday season has an effect on people. At the same time, you want to take advantage of this bear market immediately. This is exactly the type of situation that crypto currency lending platforms are ideal for. If you're short on funds to buy more crypto, simply sign up for a crypto lending platform like YouHodler. Within minutes, you'll go through the KYC process, deposit some spare crypto as collateral, and receive your cash loan. From there, you can turn around, buy more crypto, and reap the benefits when the market goes back up. So whether it's a bull or bear market, there are always opportunities if you know where to find them.