How to start preparing for the crypto bottom

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Written by

Jack216

I am a blogger who writes about passive income and try's to help others to start earning

2 years ago

In community: Crypto Mindset(9c1c)

Topics: read.cash, Blogging, Business, Blockchain Technology, Earn, ...

How to start preparing for the crypto bottom

In today's article, the topic of discussion is going to be how you can start preparing for the cryptocurrency bottom that is coming. I'm also going to discuss why I believe it is coming as well in this article. So it's of the utmost importance that you read through the whole article to understand where I'm coming from and how you can protect yourself. I wrote this because I know that most of you are confused as to where the market is heading. But with that being said let's get into today's important article.

Why I think a bottom is coming

So to start let's cover exactly why I think this bottom is coming. So let's start with the fact that the U.S economy is still in a recession with no hopes of getting out of it anytime soon. My leading factor from the U.S economy that is signaling a bottom is inflation. Inflation reports came out this month with neither bad news but also no good news. Inflation seemed to have slowed but not at the rate economist and politicians want it.

Which is signaling we either have more inflation coming or more of this sideways action where inflation doesn't move at all. Either way, this sideways inflation action is going to do more harm than good for the economy. Not to mention all the buying that has been happening in the market the last 2 weeks hasn't been healthy gains as they can't be kept for more than 24 hours it seems. With many whales still not planning on getting into crypto as of now we can expect more downside pressure. This is likely to drag on until the Ethereum merge comes out.

What you can start doing to prepare

So now that you know why I don't plan on buying now we can dive into how you should start preparing. Now if you have recently bought crypto in the last couple of months then what I'm going to say is going to only apply to you. So what I would start doing if you aren't that far negative or negative at all in your purchases I would start staking my coins. If the coins you HODL don't have staking then you can do liquidity farming to start making up for the losses or to start making a profit on the sideways action we are experiencing. If you are negative and want to make a profit then your best choice is to sell now and try to buy back at a gain when prices are lower. Then finally if you have the funds and feel confident in where the market is moving you can leverage trade.

My Final Words

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