A Lucrative time for Crypto Investments

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This is a very good time to invest in Cryptos and earn good rewards in the future. While many people feel disappointed during the bear market, but if some mind is put then we can make this period also beneficial and earn decently well during this time as well. Nowadays a lot of side channels are opened up to earn during the bear market.

Crypto lending and crypto staking are the ways in which you can get good returns on your holding. Crypto lending is like a loan where you loan out your crypto and you earn a good amount of interest on it as per the duration for which the loan is given. Staking is different, it is locking your crypto and yielding returns on it. Both are good ways to earn a regular income out of your existing hold of Cryptos. I have been staking my Cardano since a year now and I have received good returns on it, which I add up to my existing hold. I had bought some Cardano at a higher price, but with the staking returns have managed to average the cost of my investment.

Some years ago, people were worried that while Crypto is a good investment there is no way in which we can earn a regular income like how you would in Fixed deposits. I would always tell my son, that at some point of time, I would like to fix up my investments in a manner where I get regular returns and not wait for the highs and lows of the market. I would not like to keep taking risk of all my investments. But now that problem is resolved. People can look at investing in Cryptos and without disturbing their corpus earn interest out of it for their living. As of now not all coins provide the option of staking but gradually all of them will come up with options of staking.

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In the bear market also one can trade, but that should only happen if there is good knowledge. Personally, I am not a recommender of trading and this part has always been out of my purview. I believe in playing safe and not lose in the greed of gaining more. I would keep buying at dips and make a dollar cost average. Just like how you would do in Mutual fund SIPs. On a monthly basis you keep buying and sometimes the price is high and sometimes it is low. But you kind of average it with this method and balance your buy in price.

Bear market also provides a lot of opportunities for growing your funds, but one needs to have patience and a long-term vision to eventually gain from the actions taken in the bear market.

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