As The Bottom Draws Near
Bear markets can be brutal for most. However, once you have lived through a few, it becomes easier to navigate your way through a Crypto Winter. Altcoins are at multi-cycle lows, which is good news for fresh buyers, and not so good news for long-term HODLers. Saylor remains a permabull. However, all markets go through bearish periods regardless of how bullish the idea, project, or company is.
My approach has always been to accumulate altcoins as low as humanly possible during a bear market. I remember writing some months ago that I expected Bitcoin to correct by 50% to 60% this cycle. That’s 50K at the bottom of the range. However, I wouldn’t exclude a brief slide to the mid-40K region. The point being, we are approaching a Bitcoin bottom. There are, of course, those who believe the bottom is in.
These voices have a proven track record of being wrong. Quick tip: If you follow a particular individual or entity, document their accuracy. It’s pointless staying up to date with someone who is always wrong. The next dip is unlikely to be the final dip. However, I would consider it a relatively good point to begin fresh accumulation.
Compounded Returns
Accumulating cheap altcoins is always a great idea near the end of a bear market. However, it’s also a great time to start earning yield on assets that will increase in value. The previous cycle was not great for altcoins, but they still went up hundreds of percent. One of my favorite places to earn yield on my Crypto assets is BetFury. It might not be Nexo. However, it has a solid track record.
Many lending platforms crashed in 2020. BlockFi and Celsius come to mind. However, BetFury was untouched and continued paying exceptionally high yields. Earning 60% on your BTC, ETH, and stablecoins is a solid passive income idea. There is a catch, though: to access higher yields, one must lock up assets for a year. The lower the lock-up period, the lower the yield. BeFury has been my greatest passive earner since 2020.
Traditional Proof-of-Stake offers the highest degree of safety. However, one must sacrifice yield. However, portfolios should be structured to include both risky and risk-averse assets. That said, BetFury has always delivered my yield and withdrawals on time.
Final Thoughts
One should always carefully consider investment opportunities. This is not investment advice but merely a platform I personally use to generate passive income. Always conduct your own research, enjoy the ride, and I will see you next time!
Sapphire Crypto 