Since the pandemic, remote and online work has become more prevalent. Many who were unable to work began exploring the world of Cryptocurrency. Fortunately for them, it was the perfect time to jump into the market. Those who experienced results far beyond their expectations decided to move into Crypto full-time. Having a Crypto-based business in a bull market is fantastic. However, a bear market is another story.
Most newcomers underestimate the power of a bear market. Historically, altcoins lose 95% of their value. Unable to fight off the bear, they are dragged into a cave of deep darkness, a cave some never escape from. A bear market is robust and should not be underestimated. Bear markets always return, and often when nobody is expecting it. Regardless of your business model, a bear market will significantly affect your earnings.
Bear market immunity is the most critical aspect of any Crypto income model. Achieving complete immunity is extremely difficult. However, strategies must be decided upon and established before a bear market. Market participants need to be proactive and not reactionary in their approach. This will make all the difference. However, many only respond once a bear market is in full swing.
