Crypto Market Drop Insights: #MarketDownturn
- Causes: Adverse market conditions such as, volatile global economy, high interest MT.Gox payment's and various global issues such as Iran and Israel conflict.
- Analysis: Consumers are now sensitive to risk hence they are pulling out from investing in this virtual currency.
Strategies for Capitalizing on the Downturn:
- Dollar-cost averaging (DCA): As a general rule the following strategies should be adopted to minimize the timing risk; Invest a fixed amount at regular intervals. Whales have also started buying the DIPS.
- Long-term focus: Long term is very Bullish sentiments. There are good projects to hold admitting to fundamental soundness.
- Diversification: Diversify across the classes of assets and industries.
Tips for Staying Strong:
- It is necessary to gloss over events but not to make hasty, emotional decisions.
- The following key points should be established: Objectives that have to be met and the level of risk that one is willing to take.
- They should also follow the principle of not putting all eggs in one basket in order to reduce as much as possible the potential for a complete loss.
Remember, market fluctuations are Normal. Stay resilient, and look for opportunities to grow your Portfolio!
Persevere and keep searching for expansion of your portfolio!
$BTC
#MarketDownturn #Write2Earn! #BTC_MarketPanic_Dip #RecessionOrDip?
