A Key Differentiator For Downtrends in Crypto

Crypto is volatile and even the most diverse portfolios will get crushed by downtrends which is significantly different as compared to traditional markets.

There are a couple ways to make downtrends more bearable and even profitable. Something that I've been doing is buying cryptos on the way down by slowly averaging into my positions. Each day that the market is below a certain level (which is where it's at right now), I buy a little crypto every day.

You can mitigate a lot of risk by using this strategy because you won't be beholden to 1 given price... If you use all your available capital to buy a position all at once, then there's a chance that crypto continues down and your position worsens. By averaging in, you can buy on the way down which will give you more leverage.

The other thing that I like to think of in these downtrends is mining. For many cryptos, that means having some crazy equipment, but this is what I love about Steem...

You don't need any equipment to mine for STEEM!!

You can earn STEEM constantly, even in the downtrends with proof of brain. By making content and doing your best to proliferate your content, you can earn upvotes and thus, increase the size of your position in the downtrends so that when crypto inevitably goes up, you get an even better return!