The crypto crash in June 2022 has put most investors’ portfolios in the red – but what about making money during the crypto crash?
A quick look on CoinMarketCap’s Biggest Gainers listing today (June 14) will throw up a range of altcoins with gains over 100% in the past 24 hours. These altcoins are highly speculative and require experience and research – but a 100% return in a few hours in the midst of a crypto crash is an interesting prospect.
Below we’ll look at three different ways to make money during the crypto crash.
NOTE: This article is not financial advice. Make sure you do your own research before investing.
1. Short-selling crypto during a bear market
If you believe a cryptocurrency like Bitcoin is likely to crash in the near future, you can make money by short-selling (or shorting) the currency.
In its simplest terms, to short-sell you can borrow a cryptocurrency from a broker, then immediately trade it for stablecoins or similar and then buy the asset back after its...
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