Cryptocurrency investment is not a child's play especially during the market downtrend. Cryptocurrency investment which is considered as a very one because of it's volatility in nature, which can sometimes take a toil off the new investors. Crypto winter is one of those period in cryptocurrency which can sometimes be scary but at the same a big opportunity to invest more. But firstly, let's talk about what crypto winter is all about.
What Is Crypto Winter?
Crypto winter is referred to as a specific time in crypto in which cryptocurrency prices are poor. Crypto Winter is similar to a bear market in the stock market.
Crypto Winter is unavoidable when it comes to crypto currency investment but it is very important to understand how things work and know what to do to circumvent crypto winter because it is a tough time in crypto currency investment.
Here are some of the tips to pull through during crypto winter
One of the first tip to consider when investing in crypto currency is that, don't do more than yourself in which you blame yourself later. It is very important to invest only the money that you can afford to lose. Cryptocurrency is highly risky and volatile. Thou, it is very lucrative investment but avoid investing all your life savings in it. Not every coin has the potential to meet up with your objectives, hence, you have to analyse which one is best for you before investing in it.
You could consider buying the dip if you believe that it's a temporary cryptocurrency downturn. Buying during the dip is a good time to invest more but you to carefully choose the coin with great potential.
During crypto winter, hodling on crypto with great potential would be considered as a smart move when the market price started to bullish again. Having a long term investment mindset is very important when investing in crypto because it is where the great returns lies in crypto investment. So during the crypto winter, it is very important to hodl on to you assets and wait for the market to boom again.
Though the are so many things to learn online from a trusted source like #leofinance community when it comes to crypto currency investment but avoid taking everyone's advice and think twice before making decision. Remember that crypto currency investment is your personal decision and no cares if you lose all your assets. It is better to consider your risk tolerance when investing in crypto currency and stay focused regarding your personal goals.
Thanks for visiting my blog and have a wonderful day
I really appreciate your upvote and support
@twicejoy cares ♥️♥️♥️
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the people( @twicejoy ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Indeed very useful tips as its crypto winter going on. BTC is now not in expected position. Thanks for sharing these tips.
!ALIVE | !LOLZ | !PIZZA
@twicejoy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (7/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
lolztoken.com
They enjoy the boos.
Credit: reddit
@twicejoy, I sent you an $LOLZ on behalf of @vocup
Are You Ready for some $FUN? Learn about LOLZ's new FUN tribe!
(4/6)
PIZZA Holders sent $PIZZA tips in this post's comments:
@vocup(4/5) tipped @twicejoy (x1)
You can now send $PIZZA tips in Discord via tip.cc!