Here are 3 ways hodlers can profit during bull and bear markets
The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market. For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy.While a majority of tokens promise to solve real-world problems, only a few achieve this, and the others are mere speculative investments.Here’s a look at the three....
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Hodlers have not needed to hodl hard enough, data covering historical bear markets shows. More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in U.S. dollar terms than when their coins entered them.Profitability fails to match previous market bottomsAs BTC/USD fell to 19-month lows of $17,600 over the weekend, analysts braced for what they assume will turn out to be a retracement of up to 84.5% from....
As high inflation destroys the purchasing power of fiat, these options offer hodlers a way to add to their portfolio without breaking the bank. Experienced crypto traders know that bull markets are for selling and bear markets are for accumulation, but the latter can be difficult amid a backdrop of surging inflation that saps the purchasing power of fiat currencies. As the crypto market heads deeper into crypto winter, with prices in the gutter and developers focused on creating the next popular protocol or breakout token, some crypto fans have begun to explore new ways of increasing their....
Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience. While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets. “Cycle after cycle, that floor of hodlers is higher, the amount of....
Hodling is by no means easy, but there are ways to ensure you don’t act impulsively and let your crypto do the hard work for you. What can hodlers to maximize profits and minimize losses?All of this begins by finding cryptocurrencies that have a long-term future, and a reliable staking platform that you can trust.Locking up your tokens can eliminate some of the mental pressures that are associated with hodling — and give you a way of accruing value in the meantime.UniFarm delivers a guaranteed minimum APY across a number of tokens, and also offer automated diversification for any returns....
A growing share of Bitcoin supply has slipped underwater, with CryptoQuant contributor Darkfost arguing that the market is now sitting much closer to historical bear-phase conditions than to a confirmed bull trend. His latest charts show 43% of Bitcoin supply held in UTXOs is currently in loss, leaving just 57% in profit. Darkfost is looking at the distribution of supply across Bitcoin’s unspent transaction outputs, a way of tracking how much coin supply is sitting above or below cost basis. In his reading, that metric has reached a zone that has historically marked the boundary between....