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A FEW POINTERS FOR MAXIMIZING THE BEAR MARKET IN YOUR FAVOR

What can we do as owners of crypto assets during the deep? The bear market is the time of year when practically every single cryptocurrency trader panics and scrambles from pillar to post in search of the next exit. They typically believe that the end of crypto has finally arrived.

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[image source](https://www.pinterest.com/pin/39899146688492532/)

As owners of crypto assets, there are a few things we should do to stay calm through this difficult time rather than panic. If we follow these suggestions, I think we'll eventually be able to smile and celebrate.

https://files.peakd.com/file/peakd-hive/vickoly/23t76oRc3zjSnyfgC6F2V79yxUuq7CDvbvCH72sfweFTqZLzbJH6hBHqwKC3TkJ7GPGAs.png

***The hive blockchain users are the focus of these hacks and and guildline, while other blockchain users may find it useful as well.***

https://files.peakd.com/file/peakd-hive/vickoly/23t76oRc3zjSnyfgC6F2V79yxUuq7CDvbvCH72sfweFTqZLzbJH6hBHqwKC3TkJ7GPGAs.png

  • Stay calm: We should all avoid panicking during this time because if we let our emotions rule us, we might do something that could endanger our assets and cause us to later regret our choices. Therefore, in situations like these, the importance of being composed cannot be overstated.

  • Make findings: Finding out what caused the bear market in this situation is another thing we should do. After doing your research, you can decide if the cause could result in something terrible like what happened with Luna or what is happening with ftx right now. In other words, doing your research is a pretty good way to understand how things work and how they might be steered in your favor.

***Now that all has been said, here are some things you can do as hive blockchain members to take advantage of the bear market.***
  • Publish content: The bear market is the best time to build and increase our stake on the hive blockchain, and it's much simpler to do because you tend to each more hive via post reward when you publish your post during the market. Although Hbd rewards on post might not be as much as that of the hive, you'll get the opportunity to earn more hive rewards during this time.

  • Conversion: Another way to benefit from the bear market is to convert your HBD to hive during this time. Since Hbd is pegged to the dollar, this means that it may not be much less than USDT. Therefore, since hive can dip as much as possible, we can literally earn 3 hive from just one HBD conversion. This will increase our hive power stake on the blockchain, and in the process increase the amount we earn via Curation rewards.

https://files.peakd.com/file/peakd-hive/vickoly/23t76oRc3zjSnyfgC6F2V79yxUuq7CDvbvCH72sfweFTqZLzbJH6hBHqwKC3TkJ7GPGAs.png

That's all there is to it when it comes to how you may use the bear market on the hive blockchain to your benefit. I wish you luck as you use these tactics and a wonderful day.

Posted Using LeoFinance Beta


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A FEW POINTERS FOR MAXIMIZING THE BEAR MARKET IN YOUR FAVOR was published on and last updated on 10 Nov 2022.