Making a move when BTC is down nearly 20%

(source:https://www.coindesk.com/price/bitcoin/)

The Bitcoin price is $39,670.45, a change of -0.78% over the past 24 hours as this blog written. The recent price action in Bitcoin left the tokens market capitalization at $777.54B. You can see in the picture that the price dip down for more than -15.65%.
So, the question is. What can we do? There's some tips that I do when BTC down for more than 5%.

Buy the Dip with Dollar-Cost Averaging (DCA)

Buring the bear market you can buy your preferred cryptocurrency tokens at a deep discount. As a result, investing during this time is more important than during a bull market when prices are extremely high. As a result, the phrase "buy the dip" refers to investing whenever the market enters a negative phase. Additionally, if you want to buy this dip with all of your money at once, you can do it in lump sum. Alternatively, the Systematic Investment Plan (SIP), often known as Dollar Cost Averaging (DCA), is a superior method.

Additionally, if you want to buy this dip with all of your money at once, you can do it in lump sum. Alternatively, the Systematic Investment Plan (SIP), often known as Dollar Cost Averaging (DCA), is a superior method. Using the DCA technique, you gradually purchase tiny amounts of cryptocurrency tokens.
You benefit from this tactic in two ways:

1. This lessens the effects of price fluctuation and enables you to average the long-term cost of your investment.
2. It instills discipline in your investing process and continually allocates a tiny percentage of your funds to your preferred cryptocurrency assets.

Short-Selling

Short selling is a popular method to profit in a downtrend; it involves selling an asset you don't own, with the aim of buying it back at a lower price.
In a market, there are typically two ways to short sell a cryptocurrency asset:

1. Margin trading
2. Futures trading

NOT RECOMMENDED IF YOU CAN'T DO YOUR OWN RESEARCH!
YOU HAVE TO USE COLD MONEY ON THIS ONE!

Crypto Savings and Lending

During a BTC down for more than 5%, I found that lending or savings are fantastic ways to generate passive income from your cryptocurrency investments while your investments are losing money.
These tactics have the advantage that:

1. Simply by putting your assets on a platform or protocol, you can receive a free cryptocurrency token that helps you offset the losses brought on by the bear market.
2. With Crypto Savings, you may park your money and get interest.
3. Many exchanges offer these kinds of services. Both decentralized and controlled ecosystems offer savings advantages.

In centralized platforms, Binance offers the Binance Savings feature. Not only this, but you can also lend your crypto assets to earn interest on them. For couple more crypto lending platforms that I use personally is: MakerDAO, Compound, dydX.

Staking

Staking is another profitable way to get passive income from your cryptocurrency assets. When you lock your cryptocurrency tokens on a platform, the platform gives you additional tokens as payment. Staking your cryptocurrency token during a bear market has the following advantages: Free cryptocurrency tokens are provided, losses from the bear market can be offset, and your money is held on a platform to prevent panic selling.
Personally, I think a number of coins, such Osmo, Tia, Atom, Kujira, and Inj, are quite intriguing right now because they provide airdrops to their stakers. Thus, in addition to receiving passive money, I also won other token awards like SAGA and DYM, which have recently generated a lot of attention.

Yield Farming and Liquidity Mining

You can get "free" cryptocurrency tokens by participating in yield farming and liquidity mining in exchange for supplying liquidity to DeFi (Decentralized Finance) platforms. The practice of a cryptocurrency holder giving their asset to a DeFi platform is known as yield farming. As a result, the cryptocurrency holder is referred to as a liquidity provider since they supply liquidity to the platform.

What I found interesting is Osmosis, currently the top DEX/AMM in the Cosmos ecosystem. Users can provide liquidity to any of the pairs and earn on swap fees (generally about 0.3%) and bonus liquidity rewards (generally in the form of the native token $OSMO) for bonding liquidity. The biggest pool on Osmosis is the $ATOM/$OSMO liquidity pool. I have seen one that a pool can give you APR up to 54.9%-100+% (this does change with fluctuations in the market) for providing and bonding their liquidity. And also the for osmo last week everyone that hold, stake or farm more than 10 OSMO get a drop for 1:1 WOSMO token, the first meme token on OSMO.

Research and Learn

The action that everyone must do, particularly me as I was down a lot due to the pandemic it cost me nearly 60 to 70% of my savings. The ideal moment to expand your cryptocurrency understanding is during a bear market. It is the period of time when the market is not moving very much. You can then concentrate your efforts on picking up new ideas or tasks.
Believe me, if you won't learn or do your own research, the learn "cost" in crypto is nearly 100% (because I was there too).

Conclusion

Thus, these are the best ways to make money while navigating a down BTC. It's not necessary to master every tactic on the list above. Simply select one and give it a careful look. Additionally, each method is a distinct expertise unto itself. Therefore, take things slowly and don't rush into the process.

Please be aware that this post is solely intended for tip sharing. The post makes no recommendations regarding trading or investments. Before making any trading or investing decisions, please DYOR (Do Your Own Research) or speak with your investment advisor.