When should you invest in cryptocurrencies?

My answer is quite optimistic and is as follows. You can invest in cryptocurrencies whenever you want. I am of course talking about purely financial aspects, not for investing in a project for ideas or for shares beyond earnings. I am only focusing on the profits.

Why do I think it is always worthwhile and can always be done? Because the cryptocurrency market is such a specific market that when, for example, Wall Street falls and its major stocks then often the rest falls along with them. This is also the case with cryptocurrencies at first glance, and it was even more noticeable before. As Bitcoin fell by 10% it was safe to say that 90% of the Top 50 cryptocurrencies were also falling. This was due to the fact two three years ago that Bitcoin's dominance was not the highest but at the time it was dictating trends. As BTC grew so did the popular altcoins.

Now it is a bit different. Even when the most popular and largest tokens are falling there are some cryptocurrencies that seem to laugh at Bitcoin and grow twice as much. You can see this all the time. Just go to CMC or CG and check the day summaries. You can see it very well on Binance too.

Okay, now the question is what to invest in. This is already quite a difficult topic because actually what you invest in is your business. Is it going to be Bitcoin because it's a "guarantee of some price and market domination" or are you going to invest in something very small because you think it will rise in a year or two. You could also buy yourself some DOGE because it's a funny cryptocurrency and wake up 10 times richer because some businessman started making memes with it ;)

I personally now don't focus on buying individual assets but on DeFi. I see a lot of potential in it. However, I advise against it for new users, because it is slightly more complicated than buying a cryptocurrency and selling it at a higher price with profit.

What else can you invest in. You can invest in Stablecoins. They seem to be so established and trusted in the market that they should hold the value of that one dollar or euro all the time. And then earn commissions on lending these tokens or as a liquidity provider, for example USDT-BUSD. Although this also comes under DeFi.

In general there are a lot of ways to monetise cryptocurrencies and when it comes time to invest in them. The cryptocurrency market is so fluctuating and prone to multiple changes throughout the day that it's hard to write one sentence, end it with a full stop and make a universal thesis for cryptocurrencies. You don't just lose if you don't play and experience should teach us when to invest in what and how.