Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

5 Crypto Investing Tips to Survive the Altcoin Crash

Published 08/14/2018, 07:48 AM
Updated 08/14/2018, 09:01 AM
 5 Crypto Investing Tips to Survive the Altcoin Crash

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...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.