How to make money even when crypto prices fall?

A question that those of us who work with cryptocurrencies constantly ask ourselves is... How to obtain profitability even in adverse situations such as the ones we are currently experiencing in the market...

The worst we can do

Even if we do not know the answer to the aforementioned question, what we have to be clear about is that the worst thing we can do in such a scenario as the one we are currently experiencing is to leave everything invested in crypto.

In fact, it would be best to have sold all of our crypto holdings before the big dip, or when we started noticing on the trading charts that cryptos were in steep bearish trends on daily timeframes.

I particularly regret not only having left my money invested in cryptos that I had in my Wallets, but also that I bought when I clearly knew that with Bitcoin going down the most likely scenario was that prices would continue to fall.

If I had left everything in some Stablecoin I would not have won, it is true, but it is also true that I would not have lost; and that, not losing, in a situation like the one currently experienced by the crypto market is already a gain.

The best thing we can do to make money in the current bearish scenario of cryptocurrencies

When the trend is as protractedly down as it currently is, it would be best to stay out of the market.

But if we want to speculate in the market (I mean, to trade), then we must be clear about our Stop Loss and Take Profit points and fully respect them so that disasters do not occur with our capital.

If you ask me, I have already learned my lesson, and even if I had a million dollars I would not enter the current crypto scenario; and it is not that I think that they will not recover their value, but because I am not sure when exactly that event will occur.

What I believe is that in these types of circumstances we must have alternative sources of income, a job, or something that allows us to endure the crypto winter with greater serenity. Because if we only have what we can earn in the market, we will be very anxious to the great risks of loss that this entails.

And if we don't have a job and we don't want a job, well, we can have a fixed income on the Internet for something like what we do in Hive. That is, we can earn money by writing posts; and I say this although I have not yet reached the point where I can say that I earn money for writing here on Hive, but I have noticed that more and more people achieve significant income because they have gotten used to writing good content (quality content) in their Hive accounts. What I just mentioned to you is truly something wonderful, and I hope one day to achieve it too, although I know perfectly well that it is not something easy and that it requires a lot of perseverance and discipline. In any case, it is one of my goals.

Summary

So, in my opinion, the best thing we can do in the current bearish scenario of the cryptocurrency market to make money, is to use alternative sources of income and stay as far away from the market as possible until at some point it stabilizes and reverses.

The way I see it, everything else is very risky.

Thanks for reading me!

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