Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
Start trading short, provided you can read market trends of course. But you can short sell crypto to make a profit from declining markets. There aren't many exchanges or trading platforms that allow for this yet, but they are now fortunately making their way onto the scene.
This can be done with leverage also, so the profit you make from the drop in price can be multiplied by the X leverage you take. For example, PrimeXBT (
https://primexbt.com) offers up to 100X leverage on both long and short positions. So you can increase your profit potential by 100 when markets are crashing. You lend from the platform to sell high and buy back in low - the difference in your sell and buy position is your profit after paying back the loaned amount. Then you times that profit by 100, so a $10 profit becomes $1000, etc. It is recommended to start out with lower leverage of up to around 10X however, as the greater the leverage the smaller the margin and easier it is to be liquidated, therefore you'd want to be fairly confident of your technical analysis skills before pursuing high X leverage.
That said, shorting with leverage is highly beneficial in bear markets so you can continue day trading and earning as much, if not more than in bull runs.
