The best approach during a bear market is to keep increasing your stake because Hive is currently trading at a very low price and it may take quite some time before the market recovers and reaches a better level. During this time the best thing you need to do is to grow your account.

In such a situation, why not continue building our Hive Power? With continuous staking our quantity of Hive will increase and after some time when the price of Hive rises, you can sell it at a better price.

My strategy plan has been the same from the last year and that is I keep on staking on a daily basis. Whatever Hive I accumulate I will keep powering it up and continue increasing my stake.

Many people may ask what the benefit of increasing this stake is. Yes there are definitely benefits. The first benefit is that you continue receiving inflation rewards which are around 4.69%. This means that on a daily basis, your Hive Power keeps increasing according to this APR.

At the same time since your stake is larger you can earn around 8–9% rewards through proper curation. Combining both of these you can receive around 12–15% APR profit. In my opinion this is a great opportunity to increase your quantity of Hive.

I think with this method your will have more earnings as compared to keeping in #HBD savings. You will earn only 12% APR with no capital appreciation.

Also as your staking power grows, your influence within the ecosystem also increases. People start noticing you, following you and your followers begin to increase. Your circle of friends also grows and through your curation activities you can support new users as well which is a very positive thing.

Keeping this in mind I have currently increased my Hive Power from 50K to 52K. This week I completed my partial powerups and I do it on daily basis. When I get time and I see I have free hive I do stake them.

My approach is to reach 100K Hive Power very soon. If only I do not face any financial needs or unavoidable circumstances I will continue increasing my stake.

However sometimes people face financial crises or personal financial requirements and in such cases, it becomes necessary to power down a partial amount and withdraw funds.

But unless there is a real need I will keep increasing my staking power and continue following this strategy during the bear market because I believe it will benefit me in the long term.

Keep staking and build your HP...

I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.

PICTURES DETAIL

REMEMBER: We should prepare for the unexpected and always hope for the best. Life may not be easy but you must do your best and leave the rest to God...