Is the Market Bull or Bearish?

Why can you not make money during both situations?

I are you one of the those persons that is holding BTC or other altcoins waiting for it come back to 20k or did you sell and are waiting for a good point to buy back in? Right now you are probably down on your position or not making or both! What you need to do is to get in the game and make money no matter how the market is doing. There is three ways you can do this and we will go over all of them.

ICO

This is a great to make a good amount of money if you do your research. If you are not actively trading then why not look at white papers and find some cool new projects to invest in. Here are some reasons why.

1. 100x to 1000x your investment.
   If you find a ICO that is REAL and has a product and people want it, then when it goes public it will sky rocket.

2. Short Term Investment Around (4 Months give or take)
   In the grand schem of things 4 Months is nothing and you could have turned $400 dollars to $800 or a $1000.

3. Market can change.
   So with this if the market is bearish and you get into some ICO's and you believe that Crypto is going to be around for ever then once you get your investment back from the ICO the markets may have turned to Bullish and now you have all this play money.

Mining

If you believe Bitcoin is going to keep going up throughout the years, then your main goal is to accumulate as much bitcoin as possible and just worry about the dollar amount you have.
You can do 2 things.

1. Buy a rig and set it up at your house. (If you want comment what you want to mine and I can go over how to do it). If you go this route then you need to 100% with and do it right and pay attention.

2. Is Cloud mining.
   This is for lazy people that don't want to worry about buying all the rigs, setting them up, and downloading all the stuff. All you have to do is rent the computer space and they do the rest and pay you out daily in BTC.
   The 2 top companys right now are Hashflare and Gensis.

Long and Short Bitcoin and Top Altcoins

If you are in a bear market and you can't short then you pretty much are just losing money and waiting to jump back in the game. Now if you can short then you win no matter what. There is a couple places that can short BTC and some Altcoins. The number one place is Bitmex. Here you can short and long Bitcoin and 11 top altcoins. They will also give you up to 100x leverage. (which is super dangerous is you don't do your research).

Conclusion

Don't just stay there with your hands in your pockets during a bearish market. You need to get passive income or BTC in your portfolio, as well as research new projects to invest into to make you money. Don't be a bystander, take charge of your investments and your future.

Thanks everybody for your time and remember Stay savvy, Stay safe and Steem on!!!

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Disclaimer

This is not finical advise just my personal opinion.