Over the past few months cryptocurrency and the the market dropped dramatically with loads of coins reaching all time lows, Bitcoin hit a bottom of $16,000 from a high of $65,000.
With all the market down by 20% it is classed as a bear market. Bear markets often happen every few years and they’re often followed with a bull run where all market prices sky rocket reaching new all time highs.
Prices are starting to pick up on some cryptocurrencies which could mean the bear market is over and the only way the market will go now is up! With the bull run round the corner it is best to mass buy as much cryptocurrency you can as you could be in for a huge profit, ofcourse do your research on what coins are good to buy and have huge potential or you could be wasting your money and losing all off it.
If you started dollar cost averaging a few month ago it will pay off massively over the next few month, where you could see more than double your money depending what cryptocurrencies you invested in and how the market continues to go. However it still isn’t too late to start dollar cost averaging as you will still be in to gain a huge sum of money.
NOW is the best time to invest so if you have not learn how to invest in cryptocurrency i highly recommend it due to increases in price we will see over the next few months and years. There are many ways you can learn to invest in cryptocurrency for example, you can watch videos, buy a course or read blogs about it BUT be careful as there are many scams out there what might try get you to buy into scam coins.
Thats all for todays blog,
Leave a comment below to tell us what you think,
ryan,
