Crypto Is A Spectacular Innovative Technology. Definitely Not Dead!
A storm of anti-crypto rhetoric is upon us lately, aiming to discredit the vast innovation decentralized financial technologies deliver.
It was just a fad, they say, a craze that is finally over, describing how we can live our lives perfectly without crypto, while the same people will also support CBDCs, unconstitutional Covid restrictions, breaches of fundamental civil liberties, etc.
Sure the market is down, but cryptocurrency always recovers.
The current "bust cycle" is perfectly symmetrical to previous bust cycles with no essential difference.
During the bear market, the walking dead emerge from their grave and lecture us for supporting crypto while preaching commitment to fiat and centralized finance.
The crypto bear market puts some consciences at ease, mainly those the present system favors.
This anti-progress movement releases new obituaries and celebrates the death of crypto!
The Best Time To Buy Crypto
The best time is now.
Nobody is talking about crypto anymore. The mainstream media stopped caring.
Communities shrunk significantly as big investors disappeared.
Funds that invested late in the previous bull run are now counting losses after an 80% (and more) decline in the prices of most of the assets. Cryptocurrencies considered a sure bet dropped significantly. Tesla recorded losses as well from Musk's Bitcoin adventure while it lasted.
Hacks are always ongoing, but the hackers can't even earn a proper wage. Scammers reduced their efforts to the bare minimum.
Transaction numbers drop. There’s limited growth, almost no advertising, and any media coverage has already preannounced how the fate of crypto is tied to the economic recession that is sure to follow.
Crypto is over for plenty of influencers, politicians, and speculators. According to all those non-experts, we are all doomed if we still believe in cryptocurrencies.
While nobody knows where the bottom is, one thing is certain:
This is a great time to buy crypto. Perhaps not the best, but definitely a solid entry point.
It is impossible to find the exact bottom. We make our bets with the best conditions and information available. The zoomed-out charts point to significant opportunities when timing our investments.
Not the best time, not the ultimate bottom, but perhaps the time everyone interested should begin allocating funds to crypto.
The crypto market offers an opportunity that beats everything else.
Invest intelligently with proper risk management.
We can suffer for a while longer, but the conditions will rapidly change again.
Which Cryptocurrencies Should We Buy?
Maybe, don’t ask this question anywhere online. You do not want to read the responses of bots or bad actors in this market. Perform thorough research and decide on your own what you think can last in the long run.
We seek cryptocurrencies (coins or tokens) with long-term potential, expecting high returns in the coming years.
We can discover projects with immense utility offering practical solutions to real-life issues. Investors ignored these cryptocurrencies since 2021, but they will eventually shine.
Meanwhile, quite a few pointless networks achieve undeserved brand awareness.
Diversification matters since the market is never presenting a fair valuation. Often, it can be irrational for longer than expected.
Falling in love with a cryptocurrency is a horrible mistake. We break the first rule of investing. Never fall in love with an asset.
An unbalanced portfolio with a high allocation in only one or two cryptocurrencies extends the risk.
In the good times, every cryptocurrency is rising, but some will outperform others. Projects that keep building during the bear market introducing new options and financial tools, and securing the decentralization procedures, increase their odds of success.
We should prioritize crypto communities that keep developing and attracting talented devs, materializing fresh ideas into action, and integrating new technologies in their code.
When the bull run begins, it is time for devs and communities to allocate funds to marketing and promote all these previous developments to the public.
Conclusion
Crypto slowly engraves its name at the core of finance.
A visionaire does not overlook disruptive potential.
Plenty of executives in banks and financial institutions are fed up with the hypocricy in their fields. Honest people exist and prefer a better system that promotes equal opportunities.
We meet solid characters and exceptional individuals trapped in a rotten system, and the cryptocurrency field is an escape that will absorb the most capable and honorable.
The rest aim to delay progress and shun innovation.
Imagine calling the internet dead twenty years ago just because of the dot-com bubble burst.
That would be extra foolish. Crypto is just the beginning.
Cover picture by Kanchanara on Unsplash
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That's very correct... This is because I believe fall and rise again.🤗🤗