We’ve experienced a massive crash in cryptocurrency in 2022, and even though there have been some weeks of bullish trends, the market hasn’t returned to its 2021 glory. We’ve been experiencing dwindling prices, and the volatility is crazy these days. Undoubtedly, investing in cryptocurrency now seems like an extreme sport.
If you’re a casino player and want to play online casino real money games, you can keep using your crypto. It is an excellent way to increase the value of your coin. However, you should be careful, and you might want to take the time to learn more about casino gaming with crypto.
Those planning to hold on to their coins for a long time might have to wait a while to see the value go up. And it will take some incredible patience and discipline to wait. As the prices fluctuate, we might expect some people to lose a large chunk of their portfolio. So, if you’re a long-term investor, you should avoid checking your portfolio.
Ethereum has proven to be one of the most exciting coins since it came into the fray in 2015. The utility and solutions backing the coin have made it an exciting investment for many people, and we can see that it is a perfect alternative to bitcoin. However, it is also massively affected by the price drop.
The developers have been trying to make it more stable, but with bitcoin also suffering heavy losses, Ethereum and many cryptocurrencies are not safe. We are seeing it experience a massive drop, and as a new investor looking to enter the cryptocurrency world, you might be wondering if you should start now.
When the market is low, it is a scary place to enter the fray and become part of the industry. The bearish trend is discouraging as it would mean you might even lose money if you enter at a supposedly low point. In that case, you might not want to enter and invest in cryptocurrency. Keep reading to find out what we think.
The Bear and Bull Trends
One thing that is consistent with the cryptocurrency world is the bull and bear trends. This is common with any financial institution. There are periods when the market would suffer from significant losses and might even get to the point where it almost crashes, but we eventually see them pick up.
It is the same with cryptocurrencies. The trends change more frequently than most, which is why it is a volatile market. So, investing in the market might not be wise if you’re in it for the short term. In this case, you must be careful and vigilant so you don’t miss your entry and exit points.
Losing Money and Long-Term Investment
When you decide to invest in crypto, there is a chance that you’ll lose money no matter how calculative and disciplined you’re with your strategies. How you handle the losses would determine if you can survive the wild. Many experts don’t tell how crazy it can get in the short term; they only show the longer-term gains.
If you’re disciplined enough to enter the bear market and wait for a long time, you have a higher chance of making gains on your investment. You can eventually get better with your investment, and it will help you improve your portfolio. However, investing might not be a good idea if you don’t have the patience.
Ethereum and the Proof-of-Stake Move
One of the badly hit coins in the cryptocurrency market is Ethereum, and even though it is a top coin with massive utility, you can see that the coin has lost a lot of its value. Undoubtedly, it is hard to tell what will happen in the future, but we can speculate because of the move to the Proof of Stake mechanism.
Many developers have complained about the gas fees that make transactions very expensive. In that case, we expect it to be better when we eventually get the move to PoS. It would make things easier, and the use would skyrocket. So, this is somewhat exciting to hear, and we might see it change the trend for ETH.
What We Think
The question hasn’t changed, and we think the best time for anyone to invest in cryptocurrency is in the bear run. Also, you shouldn’t panic sell if you have coins in your wallet. In that case, we recommend you consider investing now if you’re a long-term investor and simply want to hold your coin for a long time.
If you go for a short-term investment, you might lose money because of the volatility. But one thing Ethereum and most cryptocurrencies have shown is that they make gains over a long period.
Any information written in this press release or sponsored post does not constitute investment advice. TheMarketPeriodical.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. TheMarketPeriodical.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.