Promoted | The 4 pillars of crypto investing in 2023
that cryptocurrency investors had a difficult 2022. Bitcoin and ethereum, two of the best performers, fell by about 65%. Nonetheless, opportunities always emerge from chaos, and 2023 could be the year that opportunity knocks.that could position you for long-term success.Losing money when prices are falling is one thing, but losing money when the market is going nowhere is even more frustrating.
After a crypto bear market, the market would typically move sideways for months before resuming a positive run. Short-term traders find it extremely difficult to make money during this period, so many are tempted to over-trade or use leverage in order to achieve greater short-term gains. This strategy often results in a “death by a thousand cuts”, in which you lose small amounts of money over time and underperform the market.
This strategy allows you to accumulate a cryptocurrency and gradually increase your holding in anticipation of the beginning of a new bull market. If you choose a good diversified investment , you may be rewarded when cryptocurrency prices finally begin their ascent.A goal without a plan is nothing more than a wish. Bear markets are ideal for planning.
Since the crypto market is still young, crypto bull runs are typically shorter and sharper than those of traditional asset classes . When bull markets begin, they frequently catch investors off guard, resulting in Fomo . Without a clear plan in place, you are less likely to succeed and may miss out on more lucrative opportunities.
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