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3 Ways To Earn Cryptocurrency In A Bear Market

The cryptocurrency market has been showing some signs of life in the past few weeks. The price of Bitcoin and altcoins, both major and minor, have had positive movements in the market. However, compared to the end of 2017 and the start of 2018, the cryptocurrency market is still in a decline. Over the past six months, the price of Bitcoin has hovered around the range of $3,000 to $5,000.

The market has passed through an aggressive bear market, and many token holders are improvising to find ways to increase their holdings and make up the loss from the declined price. After all, there are a few ways that one could stack their holdings while waiting for the bulls to return.

Sapien

Sapien is a decentralized social news platform built on the Ethereum blockchain. They are committed to upholding free speech, privacy, and democracy while aiming to combat current issues that plague traditional social media, such as:

  • Unfair rewards system for content creators.
  • Bots and fake news
  • Centralized control of personal data
  • Siloed content and restrictive or leading advertising

Sapien’s all-encompassing platform enables users to publish, access, and view content for everything, including articles, videos, images, gifs, and so much more.

The Sapien Token Rewards Engine rewards users with SPN tokens for their social activity. This includes creating content, leaving comments, and voting on posts. Sapien’s innovative model turns the social ecosystem of Web 2.0 upside-down because many of these actions are not incentivized on platforms such as Facebook, Twitter, and Instagram. This unique value proposition appeals to users who care about quality content and want to have a meaningful online social experience.

Sapien just recently rolled out their Rewards Engine 2.0, which now places the entire rewards distribution process in the hands of the community. Rewards in 1.0 were distributed based on social activity. However, now with 2.0, rewards are distributed by a voting process called Charges. These community-controlled “Charges” are the sole deciding factor on how a post is rewarded, and is Sapien’s first step towards decentralized governance. The more Charges a post receives, the more SPN the poster will earn.

Tens of thousands of SPN have already been distributed to users on the Sapien platform as thanks for their social activity.

In their future roadmap, the team plans to tokenize rewards to compensate users who choose to interact with advertisements, as well as other opportunities to earn SPN.

Honeyminer

Honeyminer makes it easy for anyone with a computer to earn money mining cryptocurrency. The platform gives members access to sophisticated mining software, enabling them to earn passive income just by having their computer running.

The Honeyminer platform takes less than a minute to sign up for, and members will be expert miners in no time. Their proprietary algorithm scans through dozens of currencies to identify the most profitable coins to mine at any given time.

All mined coins are automatically converted to Bitcoin, and balances are updated daily. Honeyminer users are free to keep them as investments or sell them for cash at any time.

Security is Honeyminer’s top priority, and the team is going to great lengths to set the highest standard for mining security. The platform uses SSL and aggressive encryption to keep information anonymous and protected, and 2-factor authentication is offered to safeguard accounts. The code is regularly audited and compiled in-house, and almost all digital assets are kept in cold storage.

Most of us have computers that aren’t always running at max load so there’s extra GPU and CPU power always available. There’s no reason for us not to use that extra capacity to earn cryptocurrency while we are using our computers or away from them.

Celsius

Celsius is one of the leading cryptocurrency peer-to-peer lending platforms at the front of the next generation of financial services. They’re dedicated to their community, and their model is simple.

Users can potentially earn up to 7% interest on each coin type, based on market conditions and demand. This is double or triple the percentage of what any bank can offer you at this time. The interest is paid in kind, meaning the interest is paid in Bitcoin for Bitcoin deposits or paid in Ethereum for Ethereum deposits. See some of the current rates below:

There are no lockups, and users can withdraw their deposits whenever they need them without any fees or penalties. Interest is distributed weekly, and participants will get notifications to see how much has been accrued.

Earning passive income has never been this easy, and it might make sense to pull your holdings out of cold storage and start putting them to work – at least until the bear market is well and truly over. For most of us that have been in the cryptocurrency space for a few years, we all have some crypto laying around in wallets. And if the long-term strategy is HODL, using the Celsius platform could be a good stream of passive income.

These are just 3 ways you can earn cryptocurrency and survive this bear market. There are, of course, other platforms and other ways such as staking and masternodes, but these 3 platforms make it super simple to get started. You don’t need fancy equipment or expert developer knowledge.

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