Introduction

The past months, since 2021, have been hard for most investors, especially Crypto investors. It's been recorded a period for the bears; and the lingering impact of the pandemic in China, coupled with the war in Ukraine, stifles even the slightest bullish tendency.

While the Crypto bear market is tough for everyone, especially for those new to the industry and who don't have much experience dealing with market volatility, there are still opportunities to earn passive income during a bear market.

This article enlightens everyone struggling during this bearish season on ways to earn passively in Crypto bear markets.

What is Bear market?

Bear market means a prolonged period with sharp declination in prices and market confidence. As defined by the SEC (Securities and Exchange Commission), a bear market occurs when the stock market declines by 20% or more over an extended period, often around two months.

A bear market is nothing unusual in the world of cryptocurrencies; it has occurred before, is happening now, and might happen again in the future. Therefore, every Crypto investor needs to get used to and devise means to survive, making money even in a bear market.

Below are top 7 ways to earn in a bear market.

How You Can Earn Passive Income in a Bear Market.

1. Crypto Staking

If you already hold some crypto assets and have no plans to sell them due to the bear market or any other reason, staking is an easy way to grow interest in that asset.

Staking involves locking your coins in a Crypto platform to grow their value and sell them when prices rise again. Some of these Crypto platforms allow withdrawal at any time (flexible staking), while others allow fixed staking, where you put your assets for a set period, like a month or more. Staking cryptocurrency can help you earn a continual source of income, which can benefit you during the bears.

2. Find Work in the Crypto Industry

There is a rising demand for workers with blockchain and cryptocurrency experience. Numerous positions, like community managers, marketing and social media experts, freelancers, engineering and product managers, etc., are open for individuals in this space. So, you can fix your hands on a best-fit role as the bear market lingers.

3. Affiliate Marketing

Affiliate marketing is a form of business where a person promotes goods or services and is compensated once there is any purchase due to their promotion. Affiliate marketing in the crypto industry is another way to earn income during bearish markets. Numerous projects give out high commissions and some even reward in the project's native cryptocurrency.

4. Mining

Mining is another way to earn while in a bear market. Although rewards are smaller in a bearish market condition than in a bull market, mining can still serve as a profitable operation in a bear market.

5. Learn and earn

Some websites provide the chance to learn about cryptocurrencies while earning money from them. You may need to watch tutorial videos and take a brief quiz to earn the bonus. I'm currently enrolled in a web3 learn and earn course at Evita DAO. You can also join in through that link (While registering, kindly mention @shekinah_glowria as your advocate)

6. Airdrops

Airdrops are free tokens that developers give away to raise awareness and promote their projects. To be eligible to get free tokens, you might be requested to take action, like following social media handles, joining Discord channels, etc.

However, note that several fraudulent airdrops are issued to obtain people's private keys, so keep on guard against fraud airdrops. DYOR before giving out any personal details and only sign up for airdrops from reliable sources

7. Crypto Trading

Crypto trading during a bear market can be a good chance to buy at a low price and sell when prices rise. Although it may be difficult to identify profitable trades, those who can take advantage of market conditions may be able to make a sizable profit. Cryptocurrency trading is available on exchanges like Binance, Kraken, and Uniswap.

Helpful Resources:

• If you are looking for job roles in web3, check out this website.

• If you want to become an affiliate marketer, you can join the Binance affiliate.

• If you want a Learn and earn opportunity, register at Evita DAO (Remember to mention my telegram handle, @shekinah_glowria, as your advocate.)

The final word

There is never a shortcut or easy way to make money during the Crypto bear market, but with the proper skills channeling, you can earn while the bears last. Also, having a long-term vision and focusing on a project's potential rather than its current outplay is one key to scaling the bear market. An increase followed every bear market recorded in the past, so there is always hope for the future.

Kindly note that none of these in the article are financial advice, and you should DYOR(do your own research) before taking any financial decisions.