5 Crypto Investing Tips to Survive the Altcoin Crash
Cryptovest
Published Aug 14, 2018 07:48AM ET
Updated Aug 14, 2018 09:01AM ET
5 Crypto Investing Tips to Survive the Altcoin Crash
Altcoins once again took a beating, showing that the April and May bull market was a temporary phenomenon. Now, valuations could go even lower before recovery, and for some altcoins, the hope may never return. The Bitcoin (BTC) market price hovers just above $6,000 after dipping below that level, but altcoins have seen even deeper cuts.
However, as assets return to prices not seen in a year, and some ICOs go back to their initial selling price, there are opportunities to achieve a new wave of gains. Altcoins are seen as extremely risky, but the possibility of returns is always there - mixed with risks of rapid selling.
https://twitter.com/Beetcoin/status/1029283460131815424
For those that want to build from the ground up, the coming weeks, or even months of a bear market may present several opportunities.
The $100 Investment: While in December and January investors were willing to take out a loan and buy crypto assets, this led to disastrous results. In the past, crypto buying and selling were mostly done with “betting money”, a sum that one could afford to lose. Now that valuations are 85%, or even more than 90% lower than peak prices, some assets look affordable for a small-scale investme...
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