Horrible Drop Crypto Market, Ace your money to rescue

Horrible Drop Crypto Market, Ace your money to rescue
Horrible Drop Crypto Market, Ace your money to rescue

Cryptocurrency Investment Tips 2022: 2022 is only disappointing crypto investors so far. Recently, bitcoin, the biggest player in the crypto market, closed at its lowest level around Rs 17.55 lakh. Similar is the case with other currencies like bitcoin. The cryptocurrency market has hit its lowest level since December 2020. Experts say that the reason for the cryptocurrency market decline is being seen by fears of a recession in the United States and the increase in interest rates. . The crypto market is in deep trouble due to its continued decline. If you want to invest in cryptocurrencies or have already invested in cryptocurrencies and want to avoid losses, we offer you some such tips.

crypto market crash

The prices of bitcoin, Ethereum and other cryptocurrencies have been falling for the past few days. The US retail inflation rate has been the highest on record in the last four decades. It is feared that the Federal Reserve Bank of America will raise its interest rates to control inflation. Improvements in the S&P, Dow and Nasdaq, along with rising interest rates, are driving investors away from cryptocurrencies in the US, with better qualifiers for tech stocks and commodities.

How to avoid loss?

Currently, the entire cryptocurrency market is crashing. Do not panic in such conditions. Staying in one place can save you a lot of damage. The size of the cryptocurrency market is quite small. Along with this, the volatility in crypto is also high. This is the reason why there is a rapid decline in the cryptocurrency market. It is expected that as much as bitcoin goes down, its minimum value is expected to be around $20,000 to $18,000. If the value of bitcoin falls below $20,000, the market conditions will be very bad. In such a situation, investors should prepare for this.

Don’t bother with the Red Portfolio

Experts who invest in cryptocurrencies say that if your investment portfolio in cryptocurrencies is low. You don’t need the money right now, so stick to your wallet. Do not panic due to the current decline of the crypto market. If you need money or are worried about current loss then sell your Aadhaar wallet to get some money. Taking into account current market conditions, it can be partially invested.

New investors choose SIP

Currently, new investors should only invest in cryptocurrencies like bitcoin and Ethereum. According to the Money Control report, new investors should invest 70 percent in bitcoin and 30 percent in Ethereum. Along with this, one should avoid investing large sums of money in the cryptocurrency market at once. Instead, investing over a period of time with an investment structure such as a Systematic Investment Plan (SIP) is a better option. Platforms like Bitbns, Unocoin, Vault and Zebpay allow you to invest via SIP in Bitcoin, Ethereum and other cryptocurrencies. SIP inversion reduces the chances of loss.

don’t be greedy for profit

The lure of making more profits in the crypto market can lure you into the trap of scammers. There are many thugs available in the market today that will lure you with more profit. Don’t be greedy and stay away from them. Avoid investing in any new cryptocurrency for the time being. Investing in cryptocurrencies is very risky. Invest only what you can afford to lose.

Research before you invest

Before investing in the cryptocurrency market, understand cryptocurrency and do not invest under the guise of advertisements. However, the advertising watchdog ASCI has been very strict about celebrities advertising cryptocurrencies. In such a situation, you will see very few ads that invest in crypto. However, you need to decide if investing in the crypto market is a good option for you. You need to be prepared for the high risk factors of the crypto market. Rely on market research more than advertising.

How much to invest in the crypto market

When investing in the cryptocurrency market, keep in mind that you stay away from gambling. If you are worried about the high risk factor of the cryptocurrency market, you should only invest 2 percent of your total investment in the cryptocurrency market. Please note that investments are made for profit. In such a situation, do not record profits in regular time.

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