4 Ways to Keep Earning in Bear Markets

First of all, for a full time trader/investor (whichever category you brand yourself into),  we all not earning money during the days of Bitcoin decides to drop its price 10-20% its valuation. So how do you keep yourself afloat during this time period?

During this time, you may be in a critical emotion level seeing your gains in a heavy deficit. As a crypto investors myself (apply to any kind of investors/traders), I have set my self up to gain income regardless what the market is going. Here are some of my methods

Cloud Mining 

Requirements: Starting from $2+

Cloud mining gives as opportunity to produce cryptocurrency, contributing more coins to the market. This is like printing money, though with the limitation of Bitcoin 21 million supply we are still about 100 years away until it is "unminable" (Read more about halving if you are interested: http://www.thehalvening.com/). 

Until then, we miners are able to "mine" or "print" our own Bitcoin with this method. 

Perks of using the service of cloud mining, we do not need to look after or do our own maintenance for the equipments. This also means we are not paying the electricity for it too. We paid the cloud mining service providers to do that for us. Essentially, we are "renting" their mining equipments. 

At BTC current price and the cloud mining fee they are offering for a 1 year contract it is still profitable to purchase this contract. 

Lastly, you are being paid in Bitcoin (you got options to be paid in other crypto too). This means your $10 BTC payment can be potentially double in the future.

There are plenty of Cloud Mining service out there, but here are 2 that I've personally used:

• Starting from $2 - 1 year contract - Hashflare
• Starting from $820 - 2 year contract - Genesis Mining - Use referral IUxvuq to unlock extra earnings 

DIY Mining Using Your PC/Mac

Requirements: Computers with Dedicated Graphics Card (GPU)

Someone with a powerful computer has the ability to mine and contribute their computing power almost instantly. It is like cloud mining but you need to bear the noise and the maintenance required for your own hardwares.

Setting up mining on your own its very easy these days, its just "Plug & Play" so to speak. It took me 5 minutes from downloading and start earning.

You will need also to setup your Bitcoin wallet for your payments.

My software of choice are:

• PC - Nicehash
• Mac - Minergate (also available in PC but Nicehash is more superior)

Content Creation - Utilising Steemit

Requirements: Writing skills & a bit of willpower

You do not need to stare at your tradingview / Blockfolio all day. For me sharing by writing can be therapeutic treatment for the missing-dopamine-fix of a bear market days. It almost an alternative medicine for crypto gains, it keeps my emotion in check and able to focus myself in my content creation skills.

It won't totally mend your loss wound from a 50% market drop, but a great content really is appreciated in a monetary value in Steemit, I get the similar feeling as the "crypto gain" seeing my article upvoted or producing money.

Online Broker - Forex / Stocks

Requirements: Stable emotion | Trading Skills

This particular one is not for everyone. If you are relatively new in trading markets you are more likely to loose in a similar environment. These types of markets are design for us retail traders to loose money, you really need to be in a stable emotion state and know what you really doing in order to earn money this method.

My two cents for this one, start with a very very small capital, really learn the trading indicators and understand the market.

Most likely if you are able to earn money this way, many of the fundamental also applied in crypto trading. So for me, it is throwing 2 birds with 1 stone, I get to learn trading that would be useful in crypto world and earning money doing so.

The two services I've used are:

• eToro
• IQ Option

Final Words

Those are the 4 ways for me to constantly earn income during a bear market. I am sure there are more methods and ways to earn. This period can be a critical period for someone as they may not make a rational decision for their money. 

Basically it is another method not  to "put your money in one basket", diversifying method of income keeps your emotion in check and keep the bill payments on time.

Share your method in comments below would love to hear from Steemit community.