- These Top Crypto OGs Love to Hang Out at Parties - September 16, 2022
- Crypto Twitter is Raging Bulls over Name-calling - September 15, 2022
- Stop Putting “Feminism” Labels on the Demand for Internet Privacy in Web3 verse - September 14, 2022
The Bitcoin price is cheap and smart investors are taking advantage of this opportunity
Bitcoin’s price has dived below US$21,000, taking down the entire crypto market with it. Even though Bitcoin seemed to have slightly rebounded, gaining resistance around US$21,000. But the crypto fell again, eventually triggering another major sell-off season. Investors are now speculating as to when the crypto market will rise again. Experts predict that in the coming months, major cryptocurrencies like Bitcoin and Ethereum will continue to plummet as a result of an incoming recession and other economic and financial downturns. To make things worse, the crypto domain is constantly following the tracks of the stock market, as a result, the crypto prices are constantly on a free fall. But smart investors are taking this opportunity to buy more cryptocurrencies and fill up their wallets so that they do not miss out on the price parades when the crypto market recovers.
There is a rising number of crypto investors who are buying the dips, and that too at a time when crypto whales are dumping off their tokens due to massive volatility. This does give hope to other crypto enthusiasts who wish to join the market at this time, willing to buy the dip. Also, this ensures somehow that a part of the investor community still agrees to the fact that cryptocurrencies still form a legit part of investment assets. But several others still fear that both markets, crypto, and stock, could suffer further downwards this year. Currently, Bitcoin is cheap and the present BTC buying volumes suggest that investors do not care much for the market volatility.
Smart Investors Continue to Buy the Dip
The collective enthusiasm around Bitcoin has helped the cryptocurrency market to attain massive legitimacy in the economic and financial spheres. BTC has made its way into creating itself an important geopolitical domain, which has, in turn, triggered adoption rates by global institutions and even nations.
The traditional financial ecosystem is already quite well-aware that Bitcoin presents itself with considerable amounts of opportunities, hence they feel threatened after realizing that the citizens might move on to the decentralized market. They would rather adopt cryptocurrencies than face the tedious and expensive procedures to carry through simple activities in traditional banks. Hence, central regulatory boards have been cracking down on crypto businesses and investors, directly hindering the growth and development of the crypto market.
Bitcoin will always remain a risky asset. Its latest price jump and declination isn’t anything new. Long-term investors are currently quite accustomed to these volatilities. So, a price jump like that should not affect one’s buying decisions. Analysts continue to advise investors to stay away from the volatile crypto market. Investors who can afford to take financial losses should only opt to tread in the market. Currently, probably smart investors are buying the Bitcoin dip, but even seasoned crypto professionals should consider the falling crypto prices before investing in them.
0 commentsWrite a comment