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Author Topic: Show a newbie the way  (Read 531 times)
FloridaKid
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January 28, 2022, 10:08:25 AM
 #41

Staking reward won't change friend only the USD value will go down in bear market, if you are staking a coin let's say 1000 pieces and your APY is 80 you will keep getting that 80 pieces only the value will go down, not the same with mining because if mining is affected by bear market difficulty will decrease which will make your daily reward increase in quantities not in USD value

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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January 28, 2022, 10:59:15 AM
 #42

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
There is no other way to make a profit during the bear market and that is to buy more (depending on your capabilities), hold, and then wait for the bullish market. That probably takes months ( or even years) to wait for the next Bullrun but we can assure you that investing the right coins is in no doubt for profitable results.

I'm not sure if newbies could easily adopt the changes but if they got enlightened by what they have heard and seen the market history, it is likely it could encourage them to make steps.

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aioc
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January 28, 2022, 11:38:38 AM
 #43

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
Bear market is an opportunity to buy coins at much lower prices in short it's an opportunity I don't think you can make money in the bear market, staking or mining because everything here is projected as potential future profit, bear is something that investors should bear and rely on the hope that the coins they've picked are the right coins to make a profit when bull trend sets in.

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January 28, 2022, 12:06:25 PM
 #44

My recommendation for newbies is to observe, learn and start analyzing
with all that you can choose which altcoin is suitable for profit and also you have to choose the trading term
Trading term is divided into 2, namely long term and short term

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January 28, 2022, 12:23:16 PM
 #45

in this bear market condition
 the thing you can do is pick a coin and research what their team is doing if you think the coin is good you can buy it gradually because after a bear market there will definitely be a bull market so buy and hold I think is the right choice at the moment.
Buying popular coins and already having strong fundamentals is indeed the right choice for us when market conditions are in a declining stage like now because it will most likely give us a bigger return when the market is back up and this is of course also good for beginners because of that not too risky even if they don't have enough knowledge.

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January 28, 2022, 12:23:50 PM
 #46

Choose to stake or just hold. Are you rushing with your holdings? If not then choose any of the two, I still see miners that continuously mining. It's about the plan that you have even if you think that it's not profitable to mine, you have to have a contingency plan. Like the coins, you mine will be put on hold and you're going to source out your operating expenses so that you'll just keep going without being problematic about the cost of your operation. In staking, there's the risk that you won't be holding the funds if you choose to stake on those centralized exchanges.

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January 28, 2022, 12:29:11 PM
 #47

Nobody can show the way in a few lines... to find the real way one should start by reading and learning about the crypto world, first basics than how you master one thing you can include another and believe there's no end of that, every once and then we have something new, something upgraded, changed, things happen in crypto with the speed of light sort of speaking!
So there's no end, learning about "the ways" in crypto never stops... l had a headache the other day when I decided to learn and get more involved with NFT's! It was to get in or not, and I decided to give it a try... so reading, learning, trying, and trying before you can say you find a good way!

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January 28, 2022, 12:29:53 PM
 #48

If you have previously made a profit during the bull market season, you should be on vacation now. but if you are a newbie who just entered when the market is bearish I think following the airdrop or bounty is to get a free profit, otherwise you can just wait until the bull market arrives next.

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January 28, 2022, 12:30:17 PM
 #49

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
Newbies should relax, making money is only possible if you are a day trader, if not, you should not trade at the money, instead, just accumulate and your future will be bright. This bearish opportunity will come and it always gives you an opportunity, and that is to buy.

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January 28, 2022, 12:38:06 PM
 #50

Time to take advantage of it. Just buy the dip then forget it's a bear market. Think like this is where it will all start again. If you have funds that are kept in your wallet then you might want to just let it be.
If you cannot and have been itching to move it then, I have seen others who would sell it for another coin that shows a bigger chance for a price increase after this bear ends. It's not a bad idea. Just be certain both coins are dumped because if the one you are switching has a healthy market and was not dumped at all then it might become a mistake that leads to regrets.

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January 28, 2022, 01:04:45 PM
 #51

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

The best step for a beginner in market conditions like this is to observe and study the market first, the goal is to anticipate bad attitudes that will occur in the future if a beginner is involved in the world of trading. but the best step for now for a beginner if you have enough capital you should buy some potentially good crypto such as ethereum, Bnb and Bitcoin. because in the future the price of crypto will be better

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January 28, 2022, 01:16:55 PM
 #52

At a time when the current state of the market is very difficult to get profits both in investing and in mining, then currently investing in the long term is the best decision both for beginners and for long-time investors, then choose one of the coins that do have the potential for the future to develop, and rest assured that a large profit will certainly be obtained when there is an increase in all coins.

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January 28, 2022, 05:04:27 PM
 #53

Look it is not even that confusing, there are only like few steps that you need to follow, and you will be very successful with it. First of all, you need to find coins and tokens that have some utility, a reason for people to buy it. If the only thing people buy it is "it will go up in the future!" then it is not worth investing at all, it needs to be used somewhere for a reason so that people would buy it and keep the price high. Secondly look at the tech behind it, is the fundamentals good? Is the tokenomics of it good?

If you see something that doesn't make sense, or even profits the founders instead of investors, then stay away from it. Lastly, do not put all of your money into something, buy only a small portion, then if the price drops do not sell it, buy more of it, if you still believe that it will be good in the future then keep buying and eventually when the market turns into bull, you will be able to profit quicker.

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January 28, 2022, 05:21:15 PM
 #54

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
Mining is expensive. So forget about that if you are a newbie since you will need to know a lot, buy equipment and spend time for maintenance. If you don't know what you are doing, you will probably end up spending more than you will be earning. Staking isn't a bad idea. Not sure what makes you say that. You hold during a bear market. So while holding you can stake so you earn passively. Or if there is a chance you might want to sell, then there are coins that you can stake without locking your coins.
But the best thing to do during a bear market is to buy. Buy the dip and maximize your profit in the long run.

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January 28, 2022, 07:40:31 PM
 #55

not easy to make money in a bear market when you have a small capital ,buy a dip pattern that requires you to need a lot of capital (day trade) ! while investing for newbie also requires funds that are able to lose ,so for hone your skills in analytical techniques but different case with invest in a long term buy now is a best time !

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January 28, 2022, 11:45:36 PM
 #56

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
Have you ever tried to do your own research to know what you can do to make some money during the bearish market. You can join in the defi and start to earn passive income with your money. You can try to buy at the bottom price and then keep your token until the market will recover and this will be also giving you some money during the bearish market. Mining is still profitable during the bearish market but if you're not a miner and you can't calculate this coz it totally depend on how much miners can generate everyday and how much the price at that time. Even miners are not always selling their coins. So many miners are waiting until the bullrun to come to sell their coins to the market.

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January 28, 2022, 11:47:33 PM
 #57

not easy to make money in a bear market when you have a small capital ,buy a dip pattern that requires you to need a lot of capital (day trade) ! while investing for newbie also requires funds that are able to lose ,so for hone your skills in analytical techniques but different case with invest in a long term buy now is a best time !

Usually, others think that the bear market is a nightmare not realizing it was the best opportunity to stash some more.

Much better I guess if we will just allow those negative sentiments for them to realize what's the best thing to do regardless of the trend.

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January 28, 2022, 11:53:21 PM
 #58

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market? Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?

Don't think of getting money, that's my suggestion.

Hug the cheap price of other coins by doing regular buys.

This is the best opportunity to purchase coins. Profit will come later so don't think about that for now.
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January 28, 2022, 11:53:51 PM
 #59

Now that bear market is slowly taking over the market what can a newbie do to make money in a bear market?
Everyone, newbies or experienced investors has a chance to buy some good coins during the bearish market. However, make sure that you buy at the right time, not every decrease you must buy, just buy when you think it is already at the lowest price. To know that, a newbie can learn the price chart and the price history first.

Staking is a bad idea in bear market I heard, even mining coins are not profitable in bear market too so what's the way forward?
Who said staking is a bad idea? Your friend? Staking in a bearish or bullish market is no different. There is no harm in staking, except you want to sell your coins in a short time. So, just staking your coins if it is profitable. Don't hear those people who don't understand what the staking is.
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January 29, 2022, 01:02:43 AM
 #60

Maybe buy coins when there is a dip and the sell for 10-20% profits that way I think is a good way to keep earning a small amount Also this time we have gaming and there are alot of play to earn out there and am sure you can get some weekly coins one way or the other There is stable coins defi that give decent apy

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