Is it possible to make money out of crypto in a ‘bear’ market?

The short answer is yes. However, you need to look at the available options and understand the pros and cons of these options.

In this article, I will review the 3 most common options you can consider when looking at the best option for you to secure your Crypto holdings and continue to make money from them.

3 Ways to protect the future of your Crypto investments

1. Self-Trading

Self-trading can be incredibly lucrative but is not for the fainthearted. This is a great option for those who have the knowledge and skills to do so and are also brave enough to back themselves. ?

In my experience, not many Crypto investors have this skillset nor would they back themselves to take this risk.?

Of the 3 options, this is the one I would least recommend.

2. Use a 3rd Party Provider

The second option is to put your funds wholly in with a 3rd party provider. This can be a very lucrative as well as a safe option, as long as you choose the right partner.

Choosing your partner is a vital decision because making the wrong choice can cost you a lot of time, and effort and more importantly can lead to losses and in some cases, those losses can be catastrophic.

Do your due diligence to ensure your partner is regulated and has a strong track record of delivering excellent returns. You want to partner with a company this is credible and you can trust.

3. ‘Hold On For Dear Life’ (HODL)

To HODL is not a bad strategy and is one of the most common practices when the market heads south. ?The issue with hodling though is, how long will it take for the market to recover and will all coins fully recover, possibly not??

Another strategy to consider is to trade some of the coins you hold and place them in the hands of a 3rd party expert who knows how to churn a healthy regular profit.?This is a strategy I personally deploy and it works well.?Having said that, you need to be sure you are working with a trusted party with a proven track record of delivering results.?

Conclusion

It is hard to know exactly what is best to do when the market heads south and the ‘bears’ simply won’t let up.?

Whatever option you choose, do your due diligence, gather as much information as possible, and then make an informed decision based on what you believe is right for you. Due diligence should always be an integral part of your decision decision-making. Use your gut and ensure you’re comfortable with your decision.

If you’re considering the 3rd party route, I would be happy to give you more information about the trusted 3rd party I use.

#cryptocurrency #crypto #trading #tradingstrategy