Effective Ways To Make Money With Crypto During This Bear Market - 10% @tron-fan-club

in Tron Fan Club2 years ago

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This is my first ever post in this community, and I promise to engage and comply with the rules and regulations guiding the community. It's 100% clear that we are already in the bear market, we have seen the price of Bitcoin and other Cryptocurrency fall massively. The reality and good thing about crypto is that you have the opportunity to earn irrespective of the condition of the market, whether bull or bear. In today's post I'll be discussing how to earn money via crypto during this bear market.

Everyone, irrespective of age, race or sex, or nationality, has access to the enormous earning prospects provided by cryptocurrencies. There are a ton of opportunities where people can profit from cryptocurrencies, and I'll be sharing some of those incredible ways that anyone with a mobile phone and an internet connection could use to do so comfortably at home. I hope you find them helpful.


  • Swing or Day Trading


You might be wondering how trading can make you money during a bear market, but the truth is that swing or day traders typically do better during bear markets. This is also one of the most profitable ways to earn money with cryptocurrencies. Here, you merely take advantage of the market's instability by buying at a low and selling at high. Even though it is called "day trading," the execution doesn't actually need to be done in a day, especially if you haven't made any money. Day trading involves a lot, including market analysis (both technical and fundamental), patience, and other factors, but it may be profitable when done properly.


  • Invest In Promising Projects Or Tokens


This may appear to some to be the most lengthy approach to making money from cryptocurrencies, but it is actually the most tried-and-true and secure method, especially during a bear market. All you need to do is thoroughly examine any projects or tokens that catch your interest before investing. Don't forget this is a longer-term approach or way of making money with cryptocurrency.


  • Blogging


The benefit of cryptocurrency is the possibility of earning money without investing any of your own money; all you need to do is put in the time and effort necessary to produce high-quality content, and you'll be rewarded with free money. The ability to make money through blogging is a unique feature of several blockchains, including Steem. By sharing their views, experiences, and ideas in blogs and articles, blockchain users can earn money. Steem has been the most prosperous of its kind, and it is absolutely unique.


  • NFTs & Play2Earn Games


This is one of the recent innovations in the cryptocurrency industry, and it has opened up a lot of doors for artists, animators, and developers. To interact or engage with the NFT space, you really don't need to be an artist or creator. Some people make a good amount of money solely from buying and reselling NFTs. Despite the recent influx of predatory ventures into the NFT industry, it remains one of the finest ways for anyone to make money from cryptocurrency. With the rise of Play2Earn, the time where you could play games for free and receive nothing in the way of money has ended. Now, anyone who enjoys playing games can make money doing what they love (playing games). Wink is a popular play2earn game on the Tron blockchain, users can make money by playing this game.

Staking your TRX tokens and using it to vote for SRs on the Tron ecosystem, staking your unused tokens on DeFi platform like Sunswap, and JustLend are some other fantastic methods to make money with cryptocurrencies. While mining faucets could also earn you some cryptocurrency, I don't advise anyone to use them because they take a lot of effort compared to the rewards.

Please Note:- The cryptocurrency ecosystem is highly volatile and that many of the activities I've listed here carry a high degree of risk. Although these steps don't guarantee you'll become a billionaire in a few weeks, as you may have believed before reading this piece, being consistent and advancing in the cryptocurrency ecosystem can open up a world of opportunities and grant you the financial freedom you've always desired. The post is just a form of entertainment and not a financial advise, I recommend you do your proper research and analysis


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 2 years ago 

Increase your number of posts to get better support in the community. Thanks.

Okay I'll definitely do that

We already know that most Traders are Scared to Trade cryptocurrencies during this bear market. So, you have brought a valuable lesson with some effective ways to Trade in such a situation. Thanks a lot for this.

Yeah... The bear market is unpredictable, traders need to be extremely careful

Of course, keep writing such interesting and valuable content here. You have a long journey with steemit.

 2 years ago 

I love swing trading. Day trading is for people much time to monitor the price. I think this the right time for swing trader to buy some crypto because most cryptocurrencies are down. Thank you for sharing this interesting topic.

Thank you very much @mbemba2310 for sharing this quality content here.

Many individuals have given up on cryptocurrency because of this bear market but your quality post has helped us see how we can utilize the bear market to our favor.

I love the initial point you gave, we can actually utilize this bear market by buying when the price is low and selling when the price is high.

I will also give nft a try to see if I can also earn from it.
Thanks again #steem-on 💙

I think Nft is here to stay, I've a friend who is making some cool cash from it

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