Whether you’re invested in the stock market or cryptocurrency market, the situation does not look good right now. New record lows are being set leaving many to panic and worry about the future. Well, that’s one option. Another option is to take your fate into your own hands and turn a bad situation into a good one. HEre’s how.
Volatility. That dreaded “v-word.” It’s understandable why this word has such a negative connotation but we need to change that and we need to change that now. So many people only feel happy with the market goes up. That means they have more money. Sure, we all love a bullish market but why do we get so anxious when the stock market goes down? Why does so many “HODL” when a bear market comes, scared to make any moves? Fear is a big factor in this behavior and if you want to profit, then it’s time to get over that fear. When a bear market comes, the last thing you want to do is stop investing. In fact, a bear market is the best time to start investing.
So many people make the mistake of panic selling their assets during a bear market to avoid further losses. Well if you learn anything from this article it’s that the stock market always bounces back. So stay calm and don’t listen to the financial news. Instead, keep investing as you normally were. Think of bear markets as a giant sale where all your favorite assets are now at a discounted rate. There are event tools to help you buy more assets during a bear market if you need quick access to capital.
Using the cryptocurrency market as an example now is the perfect time to start buying your favorite cryptocurrencies before they jump back up in price. Doing this will help you benefit from this volatility. If you don’t have access to cash now but still have crypto assets, there are tools to help you leverage those assets and multiply your crypto portfolio.
FinTech platform YouHodler, for example, has two features (MultiHODL™ and Turbocharge that) specifically designed to help users multiply their crypto portfolio using crypto lending tools. Of course, we suggest you understand the full risks involved of these products before using them so check out their website to learn more and see how you can let your crypto work for you during a bull market and profit when it turns green once again.