Is Investing in Crypto Still Profitable Now?
Recently, of course, we have heard very often that crypto currency is being talked about a lot by various groups on our various social media.
This is because at that time cryptocurrency was experiencing a very significant increase and there were very many people who were making profits at that time.
As we already know, the decline in crypto currency occurred in the 10th month of 2023 and the increase in prices of various crypto assets continued for 6 months after that, or to be precise until the 3rd month of 2024.
After that, the crypto market trend experienced a significant decline, the prices of various crypto assets decreased by up to 50% and several crypto assets experienced bearishness of up to 100% from their highest prices this year.
Even so, when the crypto market was experiencing a significant price decline, the god of cryptocurrency, namely BITCOIN, only experienced a price decline of $20,000 or 27% from its highest price this year.
Previously, Bitcoin had a price position of $75,000 and experienced a price decline of up to $55,000 per chip.
This is quite a big blow for investors who do not yet understand the crypto market movements that are being followed in the world of investment.
However, you don't need to worry if you want to invest in cryptocurrency, because basically the price movements of all crypto assets are like that.
Even so, when the crypto market was experiencing a significant price decline, the god of cryptocurrency, namely BITCOIN, only experienced a price decline of $20,000 or 27% from its highest price this year.
Because basically investing in crypto is the same as merchandise that is widely traded in this world.
All the systems that traders use for their merchandise are, the more people buy, the more expensive the price of the merchandise will be, but if the goods experience a decrease in buyers, the cheaper the price will be.
This is also the basic system used in cryptocurrency, the more investors make purchases of an asset, the more expensive the price will be, but if the more people sell an asset, the cheaper the price of that crypto asset will be.
Therefore, you don't need to worry about whatever happens to your assets in crypto, because there will be times when they will increase over time.
Although perhaps it could be said that it is much better if you make a purchase when the price is at a cheap level, in order to get maximum profit.
So, can you still get big profits if you invest in cryptocurrency?
Of course the answer is "YES". Because currently the crypto market is in the SIDEWAYS zone where prices are experiencing a horizontal decline and increase or we could call it ups and downs without providing a heartbeat.
Even so, it's a good idea to do in-depth research and analysis first on the crypto assets you want to invest in.
Because you can use this for the long term and get profits many times the value of the capital you invest.
You also need to implement several good strategies so as not to experience losses when investing in cryptocurrency.
If necessary, stay away from coins that do not have high quality such as tokens or MEME coins which are currently attracting a lot of victims from new investors who don't understand the meaning of meme coins.
What is certain is that if you want to dive into the world of cryptocurrency, this is the most appropriate answer, while crypto prices are experiencing a decline in prices and are in the SIDEWAYS zone.
Always carry out in-depth research and analysis before investing your money in a crypto asset so as not to cause losses in the future.
You also need to apply good strategies when you want to invest.
You can read the strategies that are often used by traders in general in our article.
Several investment strategies that are often used by cryptocurrency traders in the world.
When you want to invest, try to always use cold money or money that doesn't interfere with your daily life if you use the money to invest.
Because market prices cannot be predicted accurately at any time by humans on this earth even if you have done the best research.
Happy investing and enjoy your most beautiful life on this earth, in 2025 we will party together to celebrate the Profits that are scattered in our respective portfolios.
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