The Bitcoin Bear Run Can Prove Advantageous in Three Ways
Even novices to the world of virtual currencies, are aware of bullish and bearish runs. They are aware of price fluctuations in the crypto marketplaces. They have an inkling about the risks associated with investing in cryptocurrencies.
Yet, it does not prevent them from stepping into the website, bitcoin pro. They are keen to discover something about cryptocurrencies, via this platform! The knowledge suffices to help them make informed decisions. It also prompts them to question experienced experts about bullish trends and bearish trends. The commonest query is, “How is it possible to collect Bitcoin during a crypto winter?” An alternate phrasing, is, “How may I utilize the bearish run to my benefit?”
Why Bitcoin?
Crypto enthusiasts view Bitcoin as something akin to gold. Therefore, they watch its performance with eagerness. They observed it approaching an all-time high in the history of virtual currencies. This was during the last few months of 2021. The pricing reached $68,000. However, it began to experience a downswing in 2022. Currently, it is displaying a little below a third of this pricing. In other words, it has become the victim of a crypto crash.
Unlike beginners, or inexperienced investors, the experts, or experienced professionals, are not too concerned. They are acquainted with volatility in the global crypto marketplace. They feel that the situation will improve soon.
Nonetheless, it is still advisable to invest a small amount of money in purchasing the coin at cheaper rates. When the crypto spring arrives, prices should go up. Then, it will be worthwhile to sell the coins for a healthy profit.
So, how does an investor go about accumulating Bitcoin during a bearish trend?
Here are three ways of doing so!
Run a Bitcoin Lightning Node
There has always been much attention focused on the Bitcoin Lightning Network. Well, a Bitcoin Lightning Node refers to a software that links up with this blockchain network. There is an exchange of the latest update on blockchain data.
When an investor utilizes this node, there is an improvement in the transaction throughput. In turn, the waiting period is not too long. Therefore, users gain block confirmations quickly.
It is possible to run the lightning nodes and Bitcoin, separately. However, if the investor wishes to engage with the Bitcoin Lightning Network, then he/she should use both together. It is a way for the investor to contribute to the community. It shows concern for the future of the Lightning Network. Above all, users may earn fees in the form of Satoshi, for forwarding transactions involving Bitcoin.
Garner Satoshi
Satoshi has a short form – sats. The name came into being, in honor of Bitcoin’s developer, Satoshi Nakamoto. However, there is no proof to suggest if Bitcoin’s origin is to be attributed to a pseudonymous individual, or several individuals.
Satoshi stands for the tiniest unit in the world of Bitcoin. Suppose, an investor had to compare it to a fiat currency. It would be akin to a cent. The cent is the smallest denomination of a dollar.
As per measurement, a sat is equivalent to 1/100th millionths of a Bitcoin. In other words, it is equal to 0.00000001 BTC. It is helpful for numerous transactions involving Bitcoin. They involve a mere fraction of a BTC. Thus, Satoshi is an excellent unit.
Play Games to Gain Satoshi
The Satoshi games are part of the Bitcoin platform. It is possible to collect Bitcoin by participating in these games. They are all play-to-earn games. The platform consists of a blockchain that operates in alignment with the Bitcoin Lightning Network.
Note that transactions over the Lightning Network are extremely rapid. Furthermore, they are almost free. Therefore, they are highly apt for in-game transactions.
A well-reputed company that develops these games, is THNDR Games. The company takes recourse to the Lightning Network, for controlling in-game transactions. Some examples of the games that have been the brainchild of this company, include THNDR Bay, Turbo 84, Bitcoin Bounce, etc.
Concluding Thoughts
The bearish trend is creating skepticism amongst investors. They are wondering if it will serve any purpose to invest in digital assets. It is reasonable to worry about incurring losses. In such a scenario, it would be best to hoard as much Bitcoin as possible.
