Bearish traders cannot make money during bullish trading.
Because trading is not as simple as it seems and the most important factor is psychology. When the trend is upward, especially in major coins, you wait for it to correct, it doesn't, you think it won't work, it works. For this reason, holding for the long term, or hodl in its original form, can be among the most logical options. I also like to spend the bull period without touching my assets.
The most accurate and highest earning method is to wait for the long term when you look at the statistics.
So why should my assets wait idly while waiting for the long term? I am increasing both my coin amount and my earning rate in the Binance Turkiye staking section.
What does staking mean?
It is a method of earning income from the cryptocurrencies in your account.
There are 2 types of staking. Flexible earnings and Locked Earnings.
You can join the Flexible Earnings section at any time and withdraw your digital assets at any time. There is no time limit.
In Locked Earnings, you stake your assets by specifying a certain time interval. (such as 15 days, 30 days, 60 days, etc.)
If you want to withdraw your assets on a day other than the day you specify in the Locked Stake section, you will not be able to earn any additional income. The percentages shown in the Estimated Apr section are your annual earnings percentage. You can calculate your annual percentage rate on a daily basis.
The staking market of more than 180 coins is open on Binance TR. I mentioned it in my last article. Binance Turkiye is in the league of giants with both its volume and number of users. It is challenging serious global exchanges. Despite being a local exchange, there is incredible demand. Products such as automatic investment and staking are also really attractive.