There is no doubt now, crypto winter is here! Bitcoin falls to lows that even the experts at Elcryptodoc thought impossible until the road went down. Major projects are going under and everyone is talking about fear of peaks. Elcryptodoc has created a guide on how to survive a crypto winter and bear market.
This bear market is a blessing in disguise. They give those who stay close an opportunity to accumulate at prices that people dream of in a bull market.
The main advice from Elcryptodoc is that you need an income and some disposable income so you can start accumulating at the lowest and lowest prices. If your job isn’t providing enough income, go ahead and create a part-time job that can supplement your income and give you the investment boost.
day trading
One option for a side trade is day trading in the bear market. Where a coin fails to reach 100x in a bear market, this is a perfect time to start day trading as there will be plenty of ups and downs in the coins on a daily basis.
yield farming
Another option is to become your everyday farmer! No, not farming in the literal sense of growing crops, but yield farming, since returns can still be made with crypto assets even in a bear market. There are plenty of responsible, decentralized organizations that still make pretty decent returns for stables.
Play 2 Earn Metaverse games
The last option Elcryptodoc has to earn in this bear market is to just play games. One of these games is Moonsama Minecraft Carnage, where you hunt for resources in the Minecraft world and these resources can be turned into crypto, also known as Moonriver, which has actual value. These events only last 2 hours and take place every Sunday. If you’re good, you can earn between $2,000 and $2,800 every week for 2 hours of play.
To play Carnage now, you need a Moonsama NFT with a minimum price of 2100 Moonriver, which is currently over $30,000. But there is another way to play, with VIP tickets costing 70 Moonriver at the time of writing, which is around $1,000. You can earn that back in just a session or two of Carnage if you’re good. So the investment per Elcryptodoc is well worth it if you are willing to play, learn and earn.
Elcryptodoc adds there is another BIG play-to-earn game releasing during this bear market and that is Illuvium…which will be the first AAA play-2-earn game to hit the stage. Illuvium will be the first blockchain-based game to use Unreal Engine 5. The game is currently in private beta, but public BETA is scheduled to roll out in the next 2 months. This means that anyone from the public can get their hands on the game.
So how can you earn on Illivium?
Well, you’ll be able to explore the open overworld of Illivium and capture and collect Illuvials, the beasts that inhabit that world. This can be incredibly lucrative, especially if a player manages to snag something rare and powerful that can be sold on marketplaces like Gamestop’s. You can also mine and harvest in the world and gather resources to craft in-game items such as armor and weapons, which are also NFTs and can be sold in marketplaces.
One of the coolest things will be their battle arena where players will fight against each other to prove who is the superior hunter and has the best team of Illuviuls where bets can be placed in Ethereum on the games… even by spectators !
How much can be earned remains to be seen… but the experts at Elcryptodoc believe it will be at levels not seen in the crypto space!
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