A bear market can be a hindrance for investors who want to earn huge amounts of profit from the crypto market.
These are the important step required for survival in a crypto bear market:
- Dollar-Cost Averaging: Crypto market is very volatile; you cannot be sure when there is a rise in price and a fall in their value. During this time, you can make use of a dollar-cost averaging strategy. It simply helps by investing small sums of money.
- Diversification of Portfolio: Diversification minimizes the risk of hitting rock bottom. You can curb the losses by investing in different types of cryptos instead of investing in one.
- Scalp Trading: Scalp trading is a good alternative in a downtrend. It is a short-term buying and selling of cryptos to earn recurring profits. These profits add up after some period, and a good amount of return is received.
Explore most asked questions and answers related to Cryptocurrency from here: Best Questions And Answers On Crypto