Crypto is at its extreme fear and the market is being down from few months. Is that the end of correction or just start of bearish trend? Don't have any idea. But yes, I have plan for both the situations. If the market correction is over, it will turn bullish then I have better plan for what to do and similarly, if the downtrend is just started, I have also plan what to do.
If you want to survive in every market condition then you must have plans and programs for your investments. If you do it accordingly then surely you will reduce your losses and will be protected from heavy losses.
As I told in my previous post, that I have started investing stock market. I invested in dividend shares which will help me earn passive income. Also I have conversion plan for shares which will generate another income while being invested in the shares.
Stock market will provide me with stability and passive income. In crypto, I have only one choice and that is #hive. I will keep on increasing my stake and will try to reach my target very soon that is 20K HP. Right now, I am holding 9K HP. The start of next month, I will add 400-500 more HP in my stake and will celebrate the important event that is #HPUD (Hive Power Up Day)
What Are My Plans?
It is very must to plan your strategies according to different market situations. Let say if #hive pumps from this level then in this case I will never powerdown all but only 10-15% of the whole amount. Every week I will get around 100 liquid hive. What will I do with that? I will keep on selling those liquid hive and will hold #HBD.
On every powerdown week, I will sell and buy #HBD. Will wait for the price of hive to go down back to rebuy. If, incase #hive keeps on pumping then in this case I will hold #HBD into savings and will keep on earning passive income (15% APR).
What is the benefit of doing it? In this case I am still holding 85% of my total amount which will be kept for capital gain. The 15% of the amount which is being powered down will help me increase liquid hive by trading or staking in #HBD.
What In Bearish Side?
This is my favorite case because I will accumulate more and more hive during this time. If I see anther market crash, then I will buy more #hive at discounted price. I have a plan to buy #hive at $0.08. This is another strong support and the rebounce is more expected from here.
No powerdown in this case. The only thing I will do is to keep on powering up and increase my stake. Will enter the market with new cash and will keep on buying on every dip. My another investment choices are #Colony, #Script, #leo and #HBD.
Bear market will help me increase the quantity of my holdings. These are my plans in both the conditions and I am ready for it.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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