A Volatile Market for 2023
Today, we’ll be discussing why the cryptocurrency market is down, and why it is potentially a great time to buy the dip! When it comes to cryptocurrency, “buying the dip” has become a common phrase. From time to time, we will see a huge sell-off on the market. Bitcoin and other altcoins have seen this as well, so what is the benefit of buying the dip? Crypto markets across the globe have all seen massive drops of well over 30% in most cases in 2022, and there are signs that this is beginning to slow down.
While it can be disheartening to see your investments become worth less and less, we firmly believe that holding onto your assets will be more worthwhile than “cutting your losses,” so to speak. The market trend is caused by the Panic Selling of Bitcoin as prices continue to fall. The majority of cryptocurrencies follow Bitcoin’s rise and fall trends, and so they, too, are falling in kind.
Rather than viewing this downtrend as a bad thing, we view it as a wonderful buy-in opportunity. There are multiple strong coins that have a history of rising thousands of percentages and dipping as much just to return to their ATH (All time high) once again. This has made many smart investors who managed to hold their assets a lot wealthier.
In our active live chart below, you can view the rise and fall of Bitcoin over any given period of time. When Bitcoin falls, that is generally the best opportunity to invest in not just Bitcoin but any coin that follows in Bitcoin’s panicked footsteps. Of course, the market could continue on in a downtrend, the key is to hold onto the assets you’ve bought until the coin reaches a value higher than what you bought in at, for that, we need to wait for a market spike.
Buying a dip can be beneficial because it gives you an opportunity to buy low and sell high. You might only be able to buy about 10% of your investment back if you do this, but if you’re patient enough to wait for these coins to recover, then there’s no doubt that they will eventually go up again in price!
Dips are a great time to buy because the market is at its most bearish. This means there is less risk for you if the coin goes down in price again because it will probably recover soon after.
If you wish to buy into the dip, we recommend not investing more than 25% of your investment, as buying in a downtrend is a risky move. If you’re not sure what to do, it might be best to wait for a larger drop in price before you reach out and buy.
The reason why people buy the dip when it comes to cryptocurrency is that they are looking for a return on their investment. You can think of the cryptocurrency market in a similar way to any other form of investment, such as shares or bonds.
When you invest in an asset, such as shares or bonds, you’re buying something that has intrinsic value and will appreciate over time. The value of these assets increases because they’re worth more than what they cost you when you purchased them. If I have 100 shares at $10 each and then decide to sell them for $11 each (a 10% profit), those 100 shares would now be worth $110 instead of $100—that’s your total return!
If we look at Bitcoin (BTC) as an example: Since its inception in 2009 until today, there have been two major peaks – December 2017, when it hit $20K; then again from July 2018 up until 2021, when BTC hit record highs!
This is a great example of why investing in cryptocurrencies can be so lucrative. The price of Bitcoin has been going up consistently since its inception, with the only significant drops being due to market corrections or bans by governments (such as China banning cryptocurrency trading). If you had invested US$1000 in 2009 when BTC was first introduced, it would have been worth over US $3 million today!
This is why cryptocurrency has become so popular. It’s a great way to make money, especially when the price goes up consistently, as it has been doing. If you aren’t already invested in cryptocurrencies, now might be a good time to start looking into them and see if they are something that could work for you as well!
So, how do you know which cryptocurrency is a good investment? Which coin has the best odds of going “to the moon”?
There are hundreds of thousands of different cryptocurrencies across the crypto-verse, and more are being created each minute of every day. However, the majority of these coins/tokens are scam coins and not worthy of investment. For this, we recommend researching various coins long before you make an investment decision.
Coin Stomper is just one resource, we offer insights into thousands of coins, and there are a lot of various websites that prove to be helpful as well. Just ensure you do your research before investing and look at market trends. Brand new coins/tokens are generally the riskiest, while they can potentially sky-rocket in price and earn you a pretty penny, the majority of them do the opposite.
The big question here is, what do you do with your cryptocurrency once you have purchased it? Do you sell them quickly for cash? Do you hold for long-term gain? Both options have their pros and cons, which we explore further down in this article.
Now that you have your cryptocurrency, what do you do with it? Do you sell them quickly for cash? Do you hold for long-term gain? Both options have their pros and cons, which we explore further down in this article.
If someone is looking to make money on a quick flip of the coin, they will likely be looking at the price per coin as opposed to its market capitalization or the total number of coins. The former is simply how many dollars one can get out of selling an asset (in this case, bitcoin), while the latter gives an idea of how much demand there is for such assets in general.
One way around this issue is by using something called “sales volume,” which measures how many times each currency has been traded over time – meaning if someone sold 100 units of Bitcoin back then but now only has 20 left sitting there, not being used yet they could potentially still sell those ten remaining units at current prices as well! This type of activity would bring more attention towards cryptocurrencies overall so that more people start buying into them instead because now there’s less supply available which should lead us up higher over time too!
Another thing to note is that cryptocurrencies are not tied to any specific country or government, meaning they can be traded freely around the world without any restrictions. This means that their price may vary depending on what’s going on in countries such as China and India, where most of their trading volume comes from.
It`s important to remember that when it comes to trading cryptocurrency, it’s extremely volatile and prone more than any other form of investing to sudden price gains or drops.
It’s important to remember that when it comes to trading cryptocurrency, it’s extremely volatile and prone more than any other form of investing to sudden price gains or drops. Because of this risk factor, it`s important you have in place a risk management plan such as only investing what you can afford to lose, etc.
When buying the dip, simply look at how much money you can afford to lose before deciding whether or not it’s worth it for you. If there is no way for me to lose more than $100, then I`m going ahead with my purchase, knowing that if things don`t go well, then at least I will still have some money left over as an emergency fund (which could come in handy).
The other thing to remember is that cryptocurrencies are very volatile. This means that sometimes they can lose a lot of value in a single day or even an hour. Because of this, it`s important that if you`re going to buy the dip, make sure you do so when you have enough time on your hands to wait out any potential losses and see if the coin rises again. If not, then at least you still have some money left over for emergencies.
Here’s the situation.
If you’re reading this, it means that you have at least some knowledge of cryptocurrency and blockchain technology. You know how it works, but not all the details. Maybe you just got into crypto because your friends are doing really well with their investments and didn’t want to miss out on the party. Or maybe it was a case of “buy low, sell high,” — which is never as easy as it sounds (I know from experience).
Whatever your reason for getting involved in cryptocurrency has been or will be, there are plenty of resources available online today that can help guide us through our journey!
There are a number of ways to get started with cryptocurrency. Some people prefer to buy and hold, while others want to trade on the market and make money from it. There are also people who mine for coins using their computer’s processing power or by buying specialized hardware. We’ll go over all these methods here in more detail, but first, let’s take a look at what exactly it is that makes cryptocurrencies so appealing in the first place!
Cryptocurrencies are digital, decentralized currencies that operate independently of a central bank. They’re not issued by any government or organization — instead, they’re created and maintained through an open-source blockchain network. This means that no one person or entity has control over their creation or validity — they’re completely secure because of the way they’re built.
Cryptocurrencies are also anonymous, which means that no one can track your transactions. The only way to find out who owns a certain wallet address is if they choose to reveal it themselves. This makes them perfect for people who want to keep their finances private and secure — but remember that this anonymity applies both ways!
Right now, the market cap is shrinking again, which means there are still sellers out there who haven’t put all their money on the table yet.
Right now, the market cap is shrinking again, which means there are still sellers out there who haven’t put all their money on the table yet. If you’re able to buy Bitcoin or Ethereum at a good price and hold it until its value increases again, you’ll be making money!
If you don’t have time for that kind of patience—or if you’re thinking about buying into cryptocurrency but aren’t sure what to do next—here are some tips:
1. Find a good exchange to buy from. (We of course recommend our Stompy Exchange or there are other great platforms such as Binance and Coinbase)
2. Use a credit card or bank transfer to buy cryptocurrency instead of using cash—that way, you can easily dispute fraudulent charges if something goes wrong.
3. Don’t forget that the value of your cryptocurrency can go down as well as up!
But remember that dips are good for crypto-enthusiasts!
But remember that dips are good for crypto-enthusiasts! I know it’s hard to believe, but you can make money off of these small declines.
You may be thinking about buying some cryptocurrency and holding onto it for a long time—but why would you? Most people who buy their first cryptocurrency don’t hold on to them forever. Instead, they sell them off when they have a huge profit made from holding the asset for so long (like me).
If you’re looking for a way to make money on dips, this is it. You don’t have to do anything except wait for the price of your cryptocurrency to drop and then sell it off at a higher price than what you paid for it initially.
This is a foolproof way to make money on dips. It’s the same concept as buying low and selling high—but you have even more control over it because you’re doing both at the same time! You can either buy into cryptocurrency when it starts to dip or wait for it to drop even further before buying in. Either way, this strategy could work for you.
It’s important to remember that when it comes to trading cryptocurrency, it’s extremely volatile and prone more than any other form of investing to sudden price gains or drops. Because of this risk factor, it`s important you have in place a risk management plan such as only investing what you can afford to lose, etc. This leads us to the end of our outlook on the crypto-verse for 2023. We wish everyone a happy New Year and the best of luck in all of your endeavors.
Feel free to use all of the resources available right here at CoinStomper! From Data to Blogs to Live Crypto Charts, we can be a viable tool to help you stay in-the-know!