It’s no secret that there’s a lot at hand contributing to the market’s latest downturn. From a 40-year-high inflation, rising interest rates, global economic uncertainty, war in Europe, an ongoing pandemic and now to worries about a potential recession. On the other side of the coin, however, do you think this crash in the crypto industry a good opportunity for new investors?
Many blockchain technologists, analysts, and crypto enthusiasts are still positive toward this crash. They believed that crypto will jump back to its value, particulay Bitcoin, the largest cryptocurrency by market capitalization. “I wouldn’t recommend to start selling out of fear and panic. This isn’t happening for the first time! Remember a long term investor always wins,” the CEO of CoinDCX Sumit Gupta said. Ashish Singhal, Co-founder & CEO, CoinSwitch, also expressed his thoughts, “While it’s hard to predict which way things will move in the short term, in the long term I remain bullish about the industry’s ability to innovate and create value.”
The crash has sent the market into a tailspin which has made investors nervous. But, now could be a good time to buy the dip with a few considerations. The principle of “buy the dip” is under the assumption that price drops are temporary aberrations that correct themselves over time. A number of dip buyers hope to exploit dips by buying at a relative discount and reaping the rewards later when prices rise again.
You must do it with caution and be aware that the market is very volatile, thus could be risky. Follow a sound assessment and do your own research. You must have a mindset as well that your investment could take years.
The unrest in the markets is not settling definitely, however market volatility is normal and is something expected. Nevertheless, investing is a long game and history has shown us that riding it out typically pays off.
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