How to HODL during the Bear market 熊市生存法则
The cryptocurrency market has been going through a bear market for a long time since the start of 2018. After the big cryptocurrency boom from late 2017 to early 2018 many people have gotten themselves investing in cryptocurrency, whether it be buying some Bitcoin or buying a full mining set hoping to make profits.
自2018年初以来,加密货币市场已经经历了很长一段时间的熊市。自2017年到2018年初的加密货币大繁荣之后,许多人都加入到加密货币大军中来,有些人买币,有些人投资矿机挖矿,他们都以为从中可以获利。
Everything seems to be going well until the bear market hits, people has been stuck at the peak, unable to sell their coins, afraid of the huge lost. Many were forced to stop mining as costs overtake profits. It is truly a tough time for everyone involved in cryptocurrency.
一切似乎都在顺利进行,直到熊市来袭,人们已经被困在顶峰,舍不得卖出自己的数字货币,害怕巨大的损失。由于成本远远超过收益,许多矿企被迫停止开采。对于所有涉及加密货币的人来说,这确实是一段艰难的时光。
When the bear market hits, there is not many things cryptocurrency investors can do except to HODL and believe the bull will visit again soon. During these times it is important for investors to keep their coins safe until the price surge. It is obvious that storing in exchanges and online wallet is not a safe choice. Not only hackers can easily gain access to your funds, you will never know what your exchange will do with your coins during a tough market period like this. Storing in cold storage is probably the best option.
当熊市来临时,加密货币投资者除了拿住筹码和相信牛市很快就会再次到来之外,没有多少事情可做。在这段时间里,对投资者最重要的事情是拿住筹码,直到价格飙升。很明显,储存在交易所和在线钱包不是明智的选择。黑客不仅可以轻易地获取你的资金,而且你永远也不知道在这样的艰难时期,交易所将如何处理你的数字货币。冷存储可能是最好的选择。
Even though it is best to store in cold storage, normal cold storage is not very easy to use. If you are a person who have invested a lot and hold many different coins, it should be very time consuming for you to turn them all to cold storage and it would not be efficient at all if you want to access them when the bull market hits. You might even miss the chance to sell at the best opportunity due to the time it will take you to get those coins out or you might just not be next to your cold storage at that time.
虽然可以把币放在冷钱包中,但是大多数冷钱包并不易用。如果你投资很多,且持有很多不同币种的人,把它们全部冷藏起来应该会很费时间,如果你想在牛市来的时候拿到它们,那就根本没有效率。你甚至可能会错过在最佳卖出时机,因为你需要花时间取出数字货币,或者你的冷钱包不在身边。
The best way to store your cryptocurrency during the bear market is to store it with the ELLIPAL hardware wallet. ELLIPAL is truly connection free and isolated from the network, it will keep your assets safe no matter what happens. The ELLIPAL also works with a mobile App instead of a PC. This allows you to easily access your coins anywhere and anytime. When using the ELLIPAL, you will never need to worry about your funds getting stolen or missing out on the highest price anymore!
在熊市期间,存储加密货币的最佳方法是使用ELLIPAL硬件钱包存储它。ELLIPAL钱包免费且永不触网,支持多币种跨链协议,无论发生什么事,它将保障您的资产安全。ELLIPAL还支持移动端APP,而不是个人电脑。这让你可以随时随地轻松地管理你的资产。当你使用ELLIPAL时,你再也不用担心你的资金被盗或错过了最高的价格