Hi everyone, since the bear market is upon us is there any kind of staking that's good for a bear market or staking are generally bad in this type of market condition? Can be APY or APR, drop your earning strategy in this market condition.
I'd see HOLDING as the best option to take this current situation and the safest thing to do.
Might can do trading provided that you are really good at this or else, you will just lose.
Buy now and hold - everything seems so easy to manage, unlike if you do staking were you risking your money especially if you use non-reputable exchanges. What I want to tell you OP is that think it many times, and don't get fooled by some promises unless they can be trusted. Do the thing in favor of you and if you feel comfortable.
We really have to be careful in bear market situations, whatever decisions we make must be in accordance with our own research and analysis.
Don't rely on other people's opinions, which usually other people will promote certain coins for us to buy, in order to benefit themselves.
Actually there are many ways to be able to make money in a bear market situation, the problem is whether the decisions we take are
high risk or not. If we decide on staking, the risk is big if we choose the wrong coins and platforms for staking. Because I prefer holding top coins
in a bear market situation, the risk is much smaller than staking. But the decision is in the hands of each of us, if we feel we already have good
knowledge and have experience in the crypto world, please take a decision that we think is good and profitable. Because only ourselves really know
what is best for us. And for me holding Bitcoin and ETH is the best way to make a profit in a bear market situation.