The crypto clock is ticking… Where would you be when the market rings the alarm with another unexpected boom?
We already witnessed cryptocurrency’s incredible feats in 2021. Bitcoin climbed to almost $70,000, Ethereum peaked above $4,700, and even smaller coins multiplied in value in a short period. The total market cap of crypto at the time was an impressive $2.7 trillion, most of that wealth generated in just a few months.
That rapid growth was possible thanks to crypto’s famous volatility. Cryptocurrencies are the most dynamic market, swinging up and down in price faster than any other asset. However, while this may have created windows of opportunity in the past, it also presents some dangers. If you are not careful, you may be caught on the wrong side of the tide when the trend shifts.
So, what about now? Is it a good time for crypto?
We have been locked in a bearish market for a whole year, with crypto tokens retreating from their 2021 peaks. But is this bad news? Of course not! Off-times in the market present a chance to buy the dip, i.e. invest in an asset before it kicks off again.
Now might be the time!
Nevertheless, remember that past performance does not guarantee events will play out in the same way again. The markets are fickle, and no one can guarantee that the boom many are hoping for will really come. Always do your due diligence with research and stay mindful of the risks. If the market situation changes suddenly, you may lose parts or the entirety of your investment. Please read all of our disclaimers carefully to ensure you understand the risks.
I’m much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated upfront. It makes online shopping a lot easier and a lot safer.