Rich people are made during crypto bear market

I was just thinking about how you can become rich in crypto and I believe one way is to invest when everybody else is running away. When the assets prices plunge, when there is panic in the market, when the bears are left and right, that's the opportune moment to invest. And in order to do that, you need to have stablecoins that can be traded for assets with declining prices.

Get into stablecoins that are earning

The truth is that stablecoins help keep the portfolio value stable in volatile markets, but we can also make them work for us. We just need to look for platforms offering decent APRs on stablecoins through staking or lending options. This way, while we wait for the bear market to bottom out, we are still earning something on the idle funds. And HBD with its 15% APR is a safe and good option for that in my opinion.

Do DCA during bear market

Dollar-cost averaging (DCA) assumes buying small amounts of an asset regularly, no matter the price, so we don’t need to worry about timing the market perfectly. During the bear market, DCA lets us accumulate assets at lower prices over time. This steady accumulation could add up to massive gains when the market recovers, which is what I am betting on.

Get into new projects with lower entry level

Bear markets often bring new crypto projects with lower market caps, giving us a chance to invest early. By looking for teams with a strong roadmap and unique ideas that could disrupt the market when it recovers, could be the path for awesome returns. Getting in at the ground floor means we could multiply our investments many times over when the bull market returns.

Have medium diversification

Putting all the funds in one basket is risky, but spreading too thin can limit gains. I prefer to focus on a few high-quality projects and mix between stablecoins, assets like Bitcoin or Ethereum, and some riskier altcoins. Diversification balances the risk and gives us exposure to multiple opportunities.

Try to put all your assets at work

Not letting the assets sit idle while waiting for the next bull run is the way to go. Stake tokens, provide liquidity, or use yield-farming protocols to earn passive income. It’s all about compounding the gains, even when the market feels slow and quiet. We need strong psych to do this when all are running, but this is what will ultimately make us rich.

Jumping on the wave when there is a bull market will bring profits but will not make you rich. Rather going that way which in my opinion is also much riskier, you can become rich by investing in crypto during bear market. I know that in those conditions the motivation levels are not high as there is no hype, there is no apparent insight of price increase and some would say that it is pretty... boring. It well might be but through patience you'll reach times when your consistency and persistency will explode. Thus my strategy for this bull run is to take profits and after that to do DCA while we enter the bear market. And with a handful given assets I target to reach top bottom during DCA, simply not stop. That should prepare me in a good position when the next cycle will begin. And one more thing that I want to specify - I intend to do this from profits, thus I should be in a good psychological position nevertheless.

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