Preparing for the bear market with passive income

[Ota.collins]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.

In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.

[dunfida]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.

In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.

So, just like on what i have in mind at the moment that you do mentioned out that BGUSD then im already that assuming that it is that connected to Bitget and I was right with that. 

You can check out right here: https://www.coininterestrate.com/stablecoin-interest-rates/

Dont know if the lists is accurate or not. Going back into those talks about market cycle then of course we do have that 4 year cycle as we do all know. If you are a holder then these things wont bother you but if you are someone who do want to maximize profits then you would be buying into bear market season but it doesnt mean that those holders wont be able to do so. If your capital is limited then selling out on peak on bull run will be the best approach or action that you would be needing up to take. So it will be that depending on you on what actions that you would be gonna taking.

When it comes to those staking and APY then im not that much being interested into these stuffs about passive or what.

[Charles-Tim]

I like the countries that their fiat are not really getting devalued and they are using their fiat instead of stable coin. I think people from USA, EU, UK and South Korea will prefer their own fiat.

For people in countries that has high inflation rate may consider going for stable coins like USDT and USDC. I prefer to let it be on a noncustodial wallet than to be on an exchange.

[Ullaa]

The market does fluctuate in cycles and it makes sense to lock in some profits now while things are rising. Holding stablecoins and generating yield is absolutely a solid approach to stay prepared for the next dip, I’ve came across a handful like Anchor before it collapsed and newer platforms like Ondo or Maple Finance are pursuing similar approaches.
just make sure to verify how transparent and secure the backing is

[passwordnow]

It's just a buzz when it's said that it's a RW asset. Most of the assets that are earning passively, you have to stake your asset somewhere and that's most likely we know-where or what exchange it should be. I think that it's quite risky to do that even though you know that you'll be earning just by doing it. But you are losing the custody from your assets and that's why I've said that it is risky. You're putting it on that platform or exchange and that's why you get to earn from the interest.

[stadus]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

Just because it happened before doesn’t mean it’ll happen the same way again. Sure, the bear market will come eventually but maybe it won’t be as bad as before. The market is getting stronger, especially now that companies are buying and holding Bitcoin for the long term.

Right now, the trend is still bullish, and I honestly believe we’ll see more ATHs this year before the market finally turns bearish.
So enjoy the ride… but keep your eyes open to spot and opportunity when the bear market comes and accumulation will start again.

[KingsDen]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.

In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.

What a good advice that was dished out in order to shill a project. I went through the advice carefully and surprisingly the conclusion got me disappointed.
Meanwhile, it is cool we understand that bear market must surely come, but this time around, we don't know when it will come. It might be in few months or few years, but it will not be in few weeks or days. So, keep ridding with the bull market.

[Firstfrost]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

Just because it happened before doesn’t mean it’ll happen the same way again. Sure, the bear market will come eventually but maybe it won’t be as bad as before. The market is getting stronger, especially now that companies are buying and holding Bitcoin for the long term.

Right now, the trend is still bullish, and I honestly believe we’ll see more ATHs this year before the market finally turns bearish.
So enjoy the ride… but keep your eyes open to spot and opportunity when the bear market comes and accumulation will start again.

Though historical patterns don’t guarantee future outcomes but they are can be mostly used to predict future trends. Given the market keeps evolving significantly, the next bear cycle might be less volatile compared to the past cycles. While I’m optimistic about more ATHs this bull cycle, i checked out the BGUSD mentioned, i realized it’s also backed by the US treasuries and offers 5% compounded yields with daily auto-distributed earnings. It’s a fair deal for me as i’m taking advantage of this bullish cycle, accumulating yields on the side won’t be bad at all.

[coyhasmon]

In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.

This is risky and probably a scam. You should stick to DeFi lending like AAVE. Get some stablecoin, supply it and you are good to go.

Though historical patterns don’t guarantee future outcomes but they are can be mostly used to predict future trends. Given the market keeps evolving significantly, the next bear cycle might be less volatile compared to the past cycles. While I’m optimistic about more ATHs this bull cycle, i checked out the BGUSD mentioned, i realized it’s also backed by the US treasuries and offers 5% compounded yields with daily auto-distributed earnings. It’s a fair deal for me as i’m taking advantage of this bullish cycle, accumulating yields on the side won’t be bad at all.

It is a centralized thing that can go bankrupt tomorrow, and all your backing is worthless in that case.

[el kaka22]

I would say the best passive income would be either proof of stake, or binance where they give you interest. Even bitcoin can get interest, not a lot, more like 2-3% at most cases, probably not even that much, but it's better than zero. If you do with other places and other coins, you will be offered a lot, I have seen even 100%+ rates, but I believe most of them are fake and not going to happen.

There are even automatic ones, like liquidity providing, but it's risky if you end up picking something bad, then you are going to lose a lot of money. When you combine all of these together, then I would say that smart thing to do would be making more money with the high rank ones. Even if you do not like bitcoin then you can go with ETH instead.

[asriloni]

BGUSG only offers 5% APY, which is very very small. Not even worthy for someone with thousands of USD to stake on there. It's not worthy to participate in it unless you have tens thousand or hundreds thousand of USD.

Also, 5% is just for the promotion period, which will be last long for 30 days. After that, it will decrease to the 4% + 0.1% fees for redemption or subscription fees.

Not worth to try for someone with limied amount of money.

[shinratensei_]

5% APY sounds too small while you can have the same APY with just flexible saving from most of the big exchanges.
Even locking FDUSD gives APR of 10-16% in binance and for other stables such as USDC and USDT it's around 7-10% for locked subscription.

One thing to outline, there are no guarantee that this 4 year cycle still exist after ETF, I'm pretty sure bitcoin can still go up as well.

[Z_MBFM]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

While BTC and other tokens are doing well now, it would be smart to prepare for the bear market by holding stablecoins to earn yield, so profits earned and the capital can be used to invest when the market shows an opportunity to.

In search of a way to do this, I stumbled upon BGUSD, a certificate backed by a basket of RW assets that can be converted to USDC at a 1:1 ratio. It gives an APY of 5%, and its subscription is free for your first 30 days. I am curious to know if there are others so I can compare and contrast before making a decision. If you have found others, please share in the comments.

Holding that money in Bitcoin for a long term will yield a much higher profit than staking stable coins for just 5% APY. We tend to be too safe and sometimes too greedy and forget about investing in Bitcoin and keep our money in different places due to which we end up losing a lot without our knowledge. Holding stable coins is very safe and it keeps our money stable even in very bad market situations due to which we can invest it in any coin in a bear season later. However, holding stable coins all the time may not be the right decision.

[Dr.Bitcoin_Strange]

In my opinion, If you are preparing for the bear market, it's better you just hold your fiat in your bank account or in your self custody wallet so that once the bear market comes and you have reached the price you agreed to buy Bitcoin or other altcoins, you can buy with ease. Apart from USDT, USDC or your local currency, I don't trust holding an altcoin that said it's a stable coin.

[hyudien]

While the market continues to trend bullish, we should forget that we are in another 4-year cycle, and usually in the first year, the market tends to create its ATH before the bear market begins.

I have confidence that the bear market is not yet time to arrive, although the 4 year cycle always shows after halving giving a deep correction, but for this year's cycle the difference is quite prominent, the adoption continues to be unstoppable, both institutional and individual investors who feel the opportunity to own bitcoin try to hold longer. We have seen Bitcoin touch ATH this year many times, unlike the previous 4 year cycle. So my assumption with this different movement makes resistance above $ 100K the reference that continues to be maintained.

[GiftedMAN]

In my opinion, If you are preparing for the bear market, it's better you just hold your fiat in your bank account or in your self custody wallet so that once the bear market comes and you have reached the price you agreed to buy Bitcoin or other altcoins, you can buy with ease. Apart from USDT, USDC or your local currency, I don't trust holding an altcoin that said it's a stable coin.

This is the right things to do for any one who is waiting for the bear market before investing in Bitcoin, saving money in USDC and USTD seems to be more fair since it will be easy to use it to swap to the coin or your choice but the idea of saving money in Fiat your local currency is bad, you will have every reason to spend it on other things or you end up losing part of the money to unnecessary changes.

[doomloop]

I have confidence that the bear market is not yet time to arrive, although the 4 year cycle always shows after halving giving a deep correction, but for this year's cycle the difference is quite prominent, the adoption continues to be unstoppable, both institutional and individual investors who feel the opportunity to own bitcoin try to hold longer.

Same here. Even though some coins are red, I think we haven't seen their full potential yet this year despite some also rise some percent and break a new ATH. That being said, I quite disagree when you say that adoption is unstoppable. There are adoptions but it can only be enough to gain stability in the price.

We have seen Bitcoin touch ATH this year many times, unlike the previous 4 year cycle. So my assumption with this different movement makes resistance above $ 100K the reference that continues to be maintained.

Yes, but those are only small, I mean the gap from each other. As for the ATH on the previous cycle, it might be rare but it can also be a massive one. That could have made people to be excited for selling and causes the market to crash instantly. So, if there is one that we need to be prepared of right now, that would be the bull run and not the bear market. 

[Odusko]

I believe you are taking about staking and other farming tools for investment, well if so then how do you intend to convert your already running staked Money into an investment like you said that taking your profit for the staking and investing the remaining capital, well the best way to prepare against the bear market to buy at low is to have enough cash flow that out you in high buying position when that discounted price happens instead targeting your already running staking just because to buy into the market during the bear market.