This reflection was sparked by WhiteBIT’s recent Halloween campaign addressing crypto fears, so in 2022, I faced a Flash Crash — a sudden collapse of prices in the crypto market.
https://whitebit.com/halloween
It felt like losing assets was inevitable, but thanks to passive income strategies, I managed to cope. I used WhiteBit, Coinbase, and Crypto.com. On WhiteBit, I participated in staking BTC and ETH, which gave me stable income even during the market drop.
https://whitebit.com/earn/crypto-lending
On Coinbase, I staked Ethereum
https://www.coinbase.com/pt-pt/earn
Also on Crypto.com, I participated in deposit programs that continued earning interest, regardless of the market volatility.
https://crypto.com/eea/staking
How did this help?
Passive income allowed me to offset losses and avoid panic. I didn’t sell my assets at a loss and continued earning while the market recovered.
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