How to Emerge “Crypto Rich” During This Bear Market!?? (Ultimate Guide 2022)

How to Emerge “Crypto Rich” During This Bear Market!?? (Ultimate Guide 2022)
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There is no doubting it now…the crypto winter
is here. Bitcoin is falling to lows even I thought
weren’t possible until down the road, major projects are going under & peak fear is in
everyone’s eyes. So how do you survive a crypto winter & bear
market. Well find out in just over 10 minutes, because
it’s time for Chico Crypto!! Yup, Bitcoin has gone full on bearish….pulling
out the chart since 2017, we officially fell all the way to the old all time high of 20k
set in December of 2017. And all of 2021’s gains have been completely
wiped out… What’s interesting about this….is miner
capitulation hasn’t even occurred yet. Looking back to the 2018 bear market, the
miner capitulation aka steep drop in hashrate as miners dropped out, didn’t come until
november of 2018 with the hashrate bottom coming the next month.

This was a full year after the all time high
of BTC in 2017…and when Bitcoin finally dipped to 3k As we can see from the hashrate today, it’s
just been climbing and climbing even with the falling prices, there hasn’t been a
miner capitulation even for this crypto winter and bear cycle. Which makes me think, that we haven’t hit
our bottom yet…we are in for more cold crypto weather which equals more price pain. So the big question is…how do you survive
this and what's to come? Well like I’ve been saying since I confirmed
this was a full on bear market, these are blessings in disguise. They give those who stick around the opportunity
to accumulate at prices people dream of in a bull market. So my number one advice in these markets? You gotta have income, and some disposable
income so you can start accumulating at the low and bottom prices. Now I’m sure many of you who watch my channel
have jobs, so keep that going…but if that job isn’t providing you enough freedom to
invest…then quit the job and go full time crypto! If you couldn’t tell that was a joke, but
in reality, if you need more money to invest….create a side hustle…which can supplement your
income…giving you that boost in investment.

Now, I’m not gonna tell you what to do for
a side hustle, as there are many options out there. You could become a picker, yard saling and
reselling the stuff online. You could pick up a part time job as a bartender
or waiter, you could learn affiliate marketing, you could But I do want to talk about the side hustle
options within the crypto industry. Now trying to find the coin that pumps 100x
in a bear market, isn’t going to happen. Although, there will be upwards and downwards
movements in coins on the daily. A bear market is the perfect time to learn
day trading. Capitalizing on the daily movements of coins
or even stonks, equities, precious metals and more. Now everyone should know, I’m not a technical
analyst…I’m a fundamental analyst. Although, I do know and realize that there
is value in TA. It’s just not for me…but it might be for
you! So…where do you learn? Well you do not buy one of those trading courses
from youtubers who offer them…one of my mottos is “the best information on cryptocurrency
will always be free” so, look for youtubers who offering their content for free or mostly
free & have a good track record of winning trades, doing live trading! One I can recommend for this is Crypto face….Crypto
Face is unique in that he trades with large positions on livestreams, So he’s one of
the best TA Youtubers to follow for crypto if you want proof that someone really is a
good trader and not just ‘LARPing’ by only showing their wins – sometimes he gets
stopped out & in trading, especially in the short term.

That is going to happen. So, once you have researched TA, you have
found strategies you think could win, it’s time to test them out with fake money, before
trying it in the real world…now most large exchanges give you the opportunity to do this. Binance has a spot test network, BTSE has
a good spot testnet, kraken has a good futures testnet, and if you are looking to trade outside
the world of crypto, pocketoption has a demo account letting you trade currencies, a few
cryptos, commodities, stocks and indices.

(Link #5 Pocket Option (click on trading pair
to see trading options)) But what if the stress of trading isn’t
for you…like myself? Well there is always the option of going the
humble route, and becoming your everyday farmer! No, not farming in the literal sense like
growing crops. But yield farming as there is still yield
to be earned on crypto assets, even in a bear market. Now, I know with Celsius going under, many
people are weary of locking up their crypto assets in platforms, and even staying in stablecoins.

Well for one, Celsius was an entirely centralized,
irresponsible organization…and there are solid stablecoins, like DAI and USDC. And there are responsible, decentralized organizations
still providing pretty decent returns on stables. Like Centrifuge…which is providing real
world assets and companies quick financing with DAI, in return for a higher payback,
which is distributed to the token holders. As we can see the APYs over 30 days are pretty
dang high, up to 10.77 percent for the Senior lower risk investors in the emerging consumer
loans pool, but clicking into it, the Junior, higher risk investors are earning nearly 50
percent APY over 90 days on their DAI for participating in this pool…but what about
USDC? Well they have the RWA pool, built in collaboration
with AAVE, where you can earn yield on USDC too, and clicking into that, you can earn
2.28 percent APR on your USDC, but also get a bonus of CFG rewards, an extra 10.22 percent

There are other options out there too, but
won’t give you as high of rewards. There is compound, aave, and a few others,
as well as options on Ethereum Layer 2’s like Arbitrum and Optimism. I’m not a pro-farmer, I just understand
there is a way to earn some good gains while doing it in a bear market. If you would like to learn more about yield
farming, check out a channel that focuses solely on it, like Taika Maeda….who farms
across chains and layer 2’s But what about having fun playing games, while
earning a side income to put into the crypto markets at these rock bottom prices, well
I’m going to get into that and more, after I cover this play to earn game, Farsite, which
could provide those much needed gains during this bear, and like always the full details
can be found in the description. Mark your calendars for July 7th for the official
Alpha release of Farsite, the world’s first real-time-strategy decentralized MMO play-2-earn
game… and with over 500,000 already registered players the anticipation could not be any

The team behind the game is SuperNovae, gaming
experts and the visionaries behind one of blockchains first games MegaCryptoPolis. They’ve been developing the Farsite Universe
the last 3 years, building out the community and lore and launched the currently playable
pre-Alpha version of Farsite 6 months ago, but the time has come for real gameplay strategy,
real earnings and new adventures. Let’s take a closer look at the game, it’s
assets and the exciting announcements rolling out over the next couple weeks Farsite is set in a universe populated by
spaceships and planetary bases in which players can take on a number of roles ranging from
explorer, merchant, miner, politician and more. Players can mine, process, transport and sell
resources and items, explore planets and constellations, and complete missions to earn Credits, an
ERC20 token and the internal game currency.

Farsite is built on Polygon, ready for ETH
2.0 and all in-game actions are recorded using ZK Relay. All the assets in the Farsite universe are
created, owned and controlled by the players running in a trustless environment. The main asset in the game are Spaceships,
upgradable thru modules and there are no two alike. Ships are needed to play the game to explore
distant galaxies, obtain and transport resources and to battle enemies. And Ships are not your average NFT, Farsite
brings in a new era of token standards merging NFTs and DeFi into one by adding intrinsic
value to your NFTs thru what they call cNFTs – or Collateral NFTsNFTs infused with Credits,
ERC20 tokens with real value.

Last December, Farsite pre-launched with the
sale of Crates containing unique cNFT Spaceships alongside 50 exclusive Coindesk branded Ships,
selling out in a few hours. These Ships can be purchased on the secondary
market on OpenSea or the internal Farsite Open Market, but with a strong desire from
the community for more Crates the team is releasing a new Alpha Crate Sale in just a
few days, June 21st, in anticipation of the Alpha game release on July 7th. New users can buy and open an Alpha Crate
to receive cNFT ships, valuable game items, Credits, blueprints, modules and more Farsite also recently launched a new scholarship
program called the Pilot Academy, a truly win-win scenario for Farsite ship owners and
for newcomers interested in playing the game and earning, but don’t have the capital
to start. Any player who owns multiple ships can start
their own Academy and will receive 5% of the ETH spent by their scholars as well as up
to 70% of the Credits earned by renting out your spaceship to new Pilots. Scholars can use these Ships to start playing
and earning and will also receive valuable insights and mentorship from the Academy owner
so they can earn and build their own ships With the Alpha release only a few weeks away
the upcoming short-supplied Alpha Crate sale on June 21st is the best possible time for
new users to stock-up on ships and items or to become Pilots and join the Scholarship
program so they can be in a position to start earning while playing.

The Farsite universe has been long in development
by a proven, all-star team and this project has received a lot of positive publicity. Don’t miss your chance to become one of
the earliest explorers in the Farsite universe… Visit the Farsite website and create an account,
follow them on Twitter and be sure to join their Discord where you can learn more about
the upcoming Alpha Crate sale and new Pilot Academy Scholarship Program, links to everything
can be found in the description And now back to more ways to earn in this
bear market, by just playing games.

So I made a video about Moonsama Minecraft
carnage, where you hunt for resources in the minecraft world, and those resources can be
turned into crypto, aka Moonriver, which has actual value. These events are only 2 hours, and take place
every sunday…and if you are good, you can earn upwards of this much. Over 2 grand, each week for just 2 hours. Not a bad side crypto hustle I must say… Now to play Carnage, you need to have a Moonsama
NFT which has a floor price of 2100 Moonriver, which is over 30 thousand dollars. Buttt there is also another way to play, with
VIP tickets, which as we can see are currently going for 70 Moonriver, which is only about
1 grand. You can make that back, in just a session
or two of Carnage if you're good. So…the investment I would say is worth it…if
you're ready to play, learn and earn.

Finally, there is another BIG play to earn
game which is releasing during this bear market. And that is Illuvium…which will be the first
AAA, play to earn game to hit the scenes. AAA? Well Illuvium will be the first blockchain
based game to use Unreal Engine 5, which was just announced last week!! Which is getting noticed by some of the biggest
in the gaming space. Gamestop annonouced also last week, that Illuvium
NFTs, would be supported by their coming NFT marketplace. The game is currently in a private Beta, but
the public BETA is slated for launch in the next 1 to 3 months, meaning anyone from the
public will be able to get their hands on the game.

So how will you be able to earn with Illuvium? Well you will be able to explore the Illuvium
open overworld, capturing and collecting Illuvials, the beasts that inhabit this world. This can be incredibly lucrative, especially
if a player manages to capture something rare and powerful. Which can be sold on marketplaces, like Gamestop’s. You can also mine and harvest in the world,
collecting resources to create in game items like armor and weapons, which also are NFTs
and can be sold in marketplaces. But there is also the Battle Arena, where
players will choose to battle each other to prove who is the superior Hunter and has the
best team of Illuvials.

Player can specifically call out other players
in ad-hoc wagered matches in the Leviathan Arena. Where bets in Ethereum can be placed on the
matches…even by spectators!! How much can be earned, is yet to be seen…but
I think it will be on a level not seen in the crypto space. Axie Infinity can eat Illuvium’s shorts. Cheers viewers I’ll see you next time!.

As found on YouTube

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