Ever with bearish terms on the crypto market? This is a condition where crypto asset prices experience a sharp and continuous decline. Many investors are worried and pessimistic about the crypto bearish market.
However, did you know that there are ways to earn passive income from crypto in a bear market? Passive income is income earned without having to be actively involved or take big risks.
In this article, we will discuss several ways to earn passive income from crypto in a bear market.
What is a Crypto Bear Market?
A crypto bear market is a condition where crypto asset prices experience a significant and prolonged decline. Crypto bear markets are usually characterized by low market confidence and optimism in crypto.
Crypto bear markets can last for several months to several years. The current crypto bear market started in November 2021 and shows no signs of ending.
How to Survive a Crypto Bear Market?
While a crypto bear market can leave investors feeling frustrated and discouraged, there are ways to survive and even earn passive income from crypto in a bear market.
Passive income is income earned without having to actively engage or take unnecessary risks. Here are some ways to earn passive income from crypto in a bear market.
Crypto interest account
One of the simplest ways to earn passive income from crypto is to hold crypto in a crypto interest account. A crypto interest account is an account that offers fixed interest on stored crypto assets.
You can choose a flexible savings plan, which allows you to withdraw assets at any time, or a fixed savings plan, where assets remain fixed for a specified period. The interest offered is usually higher if you hold assets for a longer period of time.
Crypto loans
Crypto lending is an activity where those of you who own crypto lend crypto to borrowers via a centralized, decentralized, or peer-to-peer (P2P) platform. In return, you will earn daily, weekly, or monthly interest.
Lending platforms usually take a fee for the service. The three factors that influence your earnings are the total amount of crypto loaned, the duration of the loan, and the interest rate.
Crypto mining
Crypto mining is a process where you use special hardware and software to verify and record crypto transactions in blocks. In return, you will get rewards in the form of new crypto created or transaction fees paid by the sender.
Crypto mining requires a large initial investment to purchase and run mining equipment, as well as high electricity costs. However, if you manage to mine crypto consistently, you can earn a stable passive income.
Crypto trading
Crypto trading is an activity where you buy and sell crypto to profit from price differences. Crypto trading can be done manually or automatically.
Manual trading requires good knowledge, analysis and skills to follow market movements and take the right decisions. Automated trading requires the use of bots or algorithms that can carry out trades automatically based on established rules or strategies.
Crypto trading can provide passive income if you can take advantage of market opportunities and manage risks well.
Crypto liquidity pools
A crypto liquidity pool is a place where you provide crypto assets to be exchanged for other crypto assets by other users. In return, you will earn a portion of the transaction fees paid by users.
Crypto liquidity pools are usually available on decentralized exchange (DEX) platforms that allow crypto trading without intermediaries. Crypto liquidity pools can provide high passive income if you can choose a pool that has high volume and demand.
Conclusion
The crypto bear market is not the end of it. There are many ways to earn passive income from crypto in a bear market. You can choose the method that suits your preferences, abilities and goals.
Importantly, you must remain careful, knowledgeable and disciplined in managing your crypto assets. That way, you can survive and even thrive in a crypto bear market.
How To Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read also:
What is All Time High in Cryptocurrency?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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