HOW TO MAKE MONEY IN CRYPTO BEAR MARKET

When markets are red we tend to move from coin to coin searching for the next yield farming opportunity. However, if you are limited on time it's hard to be up to date and learn about way is most popular at the moment. If you go on YouTube many people will try to shill the next Ponzi coin that has ridiculous emissions and claim it's the best, be careful when trying to earn interest.

Some of the opportunities mentioned in this article are from new users and some are for more experienced traders each of which you can explore and figure out what is interesting for you. Now, time to learn what crypto has to offer in a bear market.

Stablecoin Interest:

This is one of the easiest ways for users to earn interest on dollars in the short term or long term. This option is fantastic because you can simply deposit dollars from your bank account and start earning interest. The main platform I personally recommend is Voyager.

This is a simple app that is on iPhone or Android and is very easy to use. Currently, the interest rate on USDC which is basically USD pays about 9% and you don't have to worry about private keys or cold storage. Personally, I've earned easy passive income and has been one of my favorite ways of using interest to dollar cost average. Please note you need to have at least $100 in order to start earning interest.

Once you deposit USD from you bank account, all you have to do is buy USDC and it will automatically start earning interest at 9%.

Staking:

One of the easiest ways to earn yield while you sleep specifically in Crypto is through proof of stake coins. For example, Ethereum is currently transitioning to Ethereum 2.0 and will earn rewards for users who stake their Ethereum coins on the blockchain network. Once again exchanges make it extremely simple to do whether you choose Coinbase or Voyager you will be in good hands.

Currently, the interest rate is 3.68% on Coinbase and 3.75% on Voyager. It's important that I inform you that if you use Coinbase you will NOT be able to withdraw your tokens until the transition has been fully completed. However, if you use Voyager you will NOT be locked in and you will be free to withdraw at any moment the only condition being you deposit the minimum to earn interest which is 0.5 ETH.

Many other coins offer staking such as LUNA, CARDANO, ALGORAND, and many others. Although, the most popular staking option is still Ethereum due to it being such an important piece in many crypto assets.

Get a Job in Web3:

Getting a job in Web3 is now easier than ever. By joining a startup or DAO(decentralized autonomous organization) you will be able to not only build an income, but also build connections.

These connections can then lead you more exciting opportunities especially if you are not interested in your current occupation. Some of communities that I personally think would be fun are NFT companies just due to the fact that NFT's are becoming increasingly popular with the project listed on OpenSea.io the largest NFT marketplace in the world.

The jobs can range from community manager to chief vibes officer to engineer. There are so many choices available, feel free to checkout this job board for the most recent listings here.

Related: Looking for Community Manager Crypto Jobs?

Airdrops:

Always nice to receive free money, right?

Airdrops are a gift of tokens of a certain protocol or app that has decided they want to offer decentralized ownership of the app or protocol. So they release a certain amount of tokens to users that have used them in the past before a certain period, then those wallets would be allowed to claim the allotted tokens on the app when it's released.

Some of these airdrops have been in the many thousands when reaching their all time high. It's very hard to do technical analysis on these tokens just because they are so new. Majority of the time, the users immediately dump the tokens they received and convert to Ethereum or any other currency they prefer. Best of all you can convert to dollars and wait to buy the dip!

Thankfully we as users that are invested in cryptocurrencies are rewarded by our early use of apps and are thanked by developers. Some may call this luck, but as a user we shouldn't consider it luck, because anytime you use a smart contract you are open to risk and you're being rewarded for taking that risk. This is why it's always important to ONLY invest money you can afford to lose.

Options (experience required):

One of the most important financial products is now available in Crypto, Options.

Dopex.io is a decentralized options exchange and is built to help allow users to buy Calls or Puts on the tops Crypto's like Luna, Ethereum, Bitcoin, Avalanche, and Binance Smart Chain.

For you to use Dopex you will need to have Ethereum in your wallet and on the Arbitrum blockchain. The simplest way to do this, is to buy ETH from FTX whether you are from US or elsewhere, then withdraw the Ethereum directly to Arbitrum. It will be an option to choose Ethereum and Arbitrum.

Now you need to make sure you have the correct tokens in your wallet that you want to buy calls or puts on then deposit them into the pool. From there you will be given a large amount of strike prices that you can choose from all ranging in values.

Final thoughts:

As someone who's been in this space for awhile now, it's becoming very clear that everyone needs to prepare for bear markets. You don't want to be the person forced to sell their crypto because they were unprepared. Continuing learning and improving your blockchain knowledge and you should be ready to go for the next bull run. Always remember it's never bad to take profits, especially in crypto.

I've seen too many coins go to all time highs and yet people still forget to secure the bag. Remember, you are in charge of your own financial future and stay safe!

Dollar cost averaging is one of my favorite ways of purchasing crypto. It removes all the emotion and buy's it for you without you lifting a finger. This is very helpful in times of endless selling. Hope this helps and see you on the next post, good luck!

Interested in learning more about crypto? Check out my YouTube channel here.

Disclaimer: Mason Capital is an independent publisher, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Mason Capital does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.