The crypto-currency market is a fickle beast these days. Just when everyone was getting ready to pop the champagne and celebrate a bullish run, the crypto winter bear showed up again. As bitcoin approached $4,200 resistance, the market did a 180-degree turn and crashed. 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 far the simplest investment tip you will ever hear. Listen up. A bear market is not the end of the world. Unless the angel of death is knocking on your door, there is no need to sell all your assets during a bear market for fear of losing money. If you have the time, then 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 positive. So if you're in it for the long haul, HODL is really the most obvious investment secret there is.
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 suffers in a bear market, but you can stop the bleeding with a diversified portfolio. If you have invested in high-quality crypto-currencies, then ideally, the losses will be minimal and when the bullish phase comes, they will be the most profitable. So do your research before you invest. There are a lot of bad altcoins that don't have a 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
An overlooked investment secret is to change your thinking in a bear market. Don't associate red with a loss. Associate red with opportunity. In other words, use the bear market as a chance to buy affordable cryptocurrencies and profit from them later. If you don't have the funds to buy during a bear market, consider taking out a cryptocurrency loan.
Platforms like YouHodler allow you to 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 safer 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.