Is it the best time to invest or not,Will crypto fail
Hey guys nice to see you all again,As you all may know the crypto world is under tremendous pressure due to the dip of stable coins like BTC & ETH etc. So, I thought it is my responsibility as your guide to help you take a reasonable approach to this topic
You see Bitcoin is in it's all time low from a staggering $69,000 to $20,503,From a marketcap of $1.3 trillion to about $352 billion(at the time of writing) .As you all know crypto is highly risky and volatile asset due to the on going high inflation , Which is the highest in 40 years (Due to on going Russia - Ukrain war). The federal reserve has been making a great pressure on the crypto , people are scared to invest in crypto as in time of inflation ,it's true that crypto is risky but you need to take the risk to bear sweet fruit afterwards . Remember in last crash people said BTC will end but it make rebounding with even more power ,it's not just crypto that is suffering all the stock market around the world is in a situation of rise an fall.The crypto currencys will fall more as per experts but will retain its position by the end of the year
My opinion is to invest in the dip as your profit will be more when it retains its position. I will invest in the dip but not more than 5%-10% of my savings ,If you are on state of confusion just invest 2%-3% of your savings ,just give it a try .Use the extra cash not the money you need .
Need more help comment below , I will try to answer it