Bear market is here and has been here. Why would it surprise anyone?

Jan 22, 2022

I have been out of town on business last few days and not posted much. Mostly because of business and location but also some is I am burnt out on BBS a bit and need a break. I put a lot of work into BBS last 2 weeks for little to no return and that wears on a person.
That being said, I have followed posts and seen the sentiment between BBS, twitter, youtube, etc. This is only my opinion and nothing more. I am sure some will disagree with me and some may not. I am giving you my opinion on the market and why.

I wrote a post almost 2 weeks ago showing there are still ways to make money in a bear market. Here is the link for that post.

Yield farmingYield Farming is the act of staking, or locking in, your cryptocurrencies into a platform to earn interest on them, not unlike holding money in a savings account. The amount of interest is based both on how much you stake and the popularity of the token at the time. Your tokens are being lent out to other users, who are taking out loans at various interest rates.In doing so, you’re rewarded that interest in the form of the platform’s token. The idea is that as more people use the platform for lending and borrowing, its asset will rise in value, bringing more profits to all contributors. On top of this, you can also earn tokens for simply participating on the platform. So, you’re earning from the interest on your lending as well as from the platform’s various payouts. StakingSimilar to yield farming, staking is, well, the act of locking in your cryptocurrencies. However, instead of lending them out for loans, staking is used to validate transactions on your blockchain networkof choice — also known as a Proof-of-Stake (PoS) consensus method. By staking, you’re essentially telling the network you’re willing to keep your device connected and validating transactions.The more you stake, the more priority you’re given to validate transactions, and the more you earn overall. The amount you earn is based on the network, and payouts vary as well. It all depends on what the community decides. As you can imagine, it’s a perfectly valuable way to profit during a crypto bear market.While Proof-of-Stake is one of the more energy-friendly methods of profit and transaction validation, crypto mining is the original one, and it’s still a valid way to make money even in a bear market. That said, you’ll need some powerful hardware.Mining is the act of utilizing computer hardware to solve complex equations and find a unique, hexadecimal code representing each block. Those codes validate the specific existence of each block, proving the transactions within it are valid. The first miner to find the code earns rewards in the network’s token, which is why you want the most powerful hardware possible. It’s a race to get there before the rest.Forks and airdropsIf you’re interested in various altcoins and alternative cryptocurrencies, you can certainly profit from forks and airdrops. As you may know, a fork is when users vote to diverge one blockchain network from another. The two share a history up until the forking block, but from there, they exist as their own networks with potentially different rules, consensus, and more.A simple example is Litecoin, which is a fork of Bitcoin. Some users wanted Bitcoin to validate transactions faster and cheaper, so they forked the network to program in their own solutions. What’s interesting here, however, is when a hard fork involves an airdrop.An airdrop is when holders of the old token are given the new token as an incentive to participate in the forked blockchain. Depending on the value of the said forked token, you can earn quite a bit from simply holding it. Forks are somewhat common in the blockchain space, and paying attention can ensure you’re profiting off of each one. It’s a different form of passive income, for sure, but one that can truly benefit you by paying attention.Analyze smaller projectsNewer crypto projects are a dime a dozen, but there are certainly diamonds in the rough. If you spend some time doing research on the newest tokens and investing in them as they become available, you can likely profit off of the right projects. Even if we’re in a bear market, you’ll ideally get in early enough that even a slight increase would generate reasonable gains.There’s always something going on in the market. You just have to learn how to properly pay attention.Look, I am not saying we are going to go through a prolonged 80% drop, typical bear market. The market structure is different. We are statistically in a near market like it or not. I am preparing for the worst and hoping for the best. I have transferred to a lot of passive income opportunities as well as what I feel is the best to gain through the bear market that I do not mind holding for a year or two if needed such as FTM, ADA, Rose, etc.

bbs.marketWe are where we are… 2 days from a “bear market”. How to thrive with the Bear!Yield farmingYield Farming is the act of staking, or locking in, your cryptocurrencies into a platform to earn interest on them, not unlike holding money in a savings account. The amount of interest is based both on how much you stake and the popularity of the token at the time. Your tokens are being lent out to other users, who are taking out loans at various interest rates.In doing so, you’re rewarded that interest in the form of the platform’s token. The idea is that as more people use the platform for lending and borrowing, its asset will rise in value, bringing more profits to all contributors. On top of this, you can also earn tokens for simply participating on the platform. So, you’re earning from the interest on your lending as well as from the platform’s various payouts. StakingSimilar to yield farming, staking is, well, the act of locking in your cryptocurrencies. However, instead of lending them out for loans, staking is used to validate transactions on your blockchain networkof choice — also known as a Proof-of-Stake (PoS) consensus method. By staking, you’re essentially telling the network you’re willing to keep your device connected and validating transactions.The more you stake, the more priority you’re given to validate transactions, and the more you earn overall. The amount you earn is based on the network, and payouts vary as well. It all depends on what the community decides. As you can imagine, it’s a perfectly valuable way to profit during a crypto bear market.While Proof-of-Stake is one of the more energy-friendly methods of profit and transaction validation, crypto mining is the original one, and it’s still a valid way to make money even in a bear market. That said, you’ll need some powerful hardware.Mining is the act of utilizing computer hardware to solve complex equations and find a unique, hexadecimal code representing each block. Those codes validate the specific existence of each block, proving the transactions within it are valid. The first miner to find the code earns rewards in the network’s token, which is why you want the most powerful hardware possible. It’s a race to get there before the rest.Forks and airdropsIf you’re interested in various altcoins and alternative cryptocurrencies, you can certainly profit from forks and airdrops. As you may know, a fork is when users vote to diverge one blockchain network from another. The two share a history up until the forking block, but from there, they exist as their own networks with potentially different rules, consensus, and more.A simple example is Litecoin, which is a fork of Bitcoin. Some users wanted Bitcoin to validate transactions faster and cheaper, so they forked the network to program in their own solutions. What’s interesting here, however, is when a hard fork involves an airdrop.An airdrop is when holders of the old token are given the new token as an incentive to participate in the forked blockchain. Depending on the value of the said forked token, you can earn quite a bit from simply holding it. Forks are somewhat common in the blockchain space, and paying attention can ensure you’re profiting off of each one. It’s a different form of passive income, for sure, but one that can truly benefit you by paying attention.Analyze smaller projectsNewer crypto projects are a dime a dozen, but there are certainly diamonds in the rough. If you spend some time doing research on the newest tokens and investing in them as they become available, you can likely profit off of the right projects. Even if we’re in a bear market, you’ll ideally get in early enough that even a slight increase would generate reasonable gains.There’s always something going on in the market. You just have to learn how to properly pay attention.Look, I am not saying we are going to go through a prolonged 80% drop, typical bear market. The market structure is different. We are statistically in a near market like it or not. I am preparing for the worst and hoping for the best. I have transferred to a lot of passive income opportunities as well as what I feel is the best to gain through the bear market that I do not mind holding for a year or two if needed such as FTM, ADA, Rose, etc.

I posted this as a warning sign in what I had been seeing since November or so in the market. It is not easy to call a bear market in a public forum because it is not the popular thing to post. But the fact is, WE ARE AND HAVE BEEN in a bear market.

I get the argument well “X” went up 20% last week. I get that and understand why you would wanna use that as a barometer to say “see we are not in a bear market”, but this is simply window dressing for a false mind set.

Projects can still go up in a bear market they just do not continue up. Just like in a bull market things do not go straight up, in a bear they do not go straight down.
The fact is we are in a DIFFERENT market than where we have been in the past. I have seen chart after chart comparing last 2 cycles to this one. It is not the same and can not be treated as such. The market has exponentially increased in market cap and we have global financial and political problems coming from what seems like every country.

“In a bear market the price of a financial asset decreases continuously. According to many financial platforms and websites a market that decreases 20% or more is considered to be in bear territory.”

The fact is stablecoins have an uncertainty about regulations, China has closed their export because of Omicron (do not get me started on this one), Russia is becoming the 5,000th country to ban BTC (sarcasm with truth), US regulations and inflation are a disaster, and on and on. We have global issues we did not see in the previous cycles. This is crippling the market. So the question is what to do now?

Once again, this is JMO! STOP PUSHING. I still think the market is going to fall more to open better opportunities for buying. Yes, DCA would be a good idea but the fact is a lot do not have that as an option. MANY have exhausted most if not all cash options already. So what should you do in that case?
I will use my portfolio as an example:

I owned over 25 coins/tokens as of 3 weeks ago, which was cut down from around 40 the previous month. I could sense something was not right and made my own decision to reallocate and transition my portfolio.
I have transitioned into a mostly staking portfolio. I believe we are in for a few more months (at least) of a down market. I will accumulate and wait. If you never read and believe anything I post the next quote is one you should take with you:
“TIME in the market beats TIMING in the market”

I know you can go to many youtube influencers and talking heads or twitter accounts and find many who think I am wrong. They may have a lot more experience than I do, they have a lot more money made off crypto than I do (also started with a lot bigger bankroll and early too more than likely), they have a lot bigger following and thats ok but most of them also have a personal agenda. 99% promote to the agenda that pays them. Sorry but its a fact. I am telling you right now how you can protect yourself and come out the other side profitable even in a bear market.
Buy, stake, and forget it.

Whether this bear cycle lasts 2 weeks, 2 months, or 2 years crypto is taking over globally. We will come out the other side better and this next bull cycle there will be more money than ever which will lead to bigger gains than ever. Survive the downside. Do not try to trade it unless you are a wizard at trading. Find projects you believe in longterm and buy them and stake them. (Where possible). Accumulate as many assets from staking as possible. Do not force the market, it will be back on top soon enough. Set a new goal of accumulating as many assets as you can and forget about the price for now.

Personal Example:
Everyone knows I am HUGE on FTM. I have staked pretty well every possible way to obtain damn near every asset on their ecosystem because I fully believe FTM has a Sol type run in it when the bull market returns. Well if it does, everything on its ecosystem will explode with it. I want to accumulate every asset and as much of them as I can. I have staked from LQDR for 2 years to stablecoins getting returns daily. Find what works for your time frame. I have mine set at 365 days. Compounding for 365 days is a crazy thing. You cant believe the returns after about 8/9 months.

Good fundamental projects, time in the market, stake and forget! You can come out of this better. Do not force a round peg in a square hole!! I wish all of you the best and am here if you need anything. Message me or comment.

-MMA_Crypto