Crypto already been on the market for quite some time and those not involved yet in this kind of investment might ask themselves: Is it too late to invest in crypto? The simple answer in my opinion is that the wrong time to invest in crypto is never. You could feel that it might be too late, but there are still great projects in the incipient phases and people are just discovering them. And as this space and industry evolves, there will always be such opportunities. It might appear sometimes a lost opportunity if you are thinking just to Bitcoin and Ethereum when everything is on the hype, but guess what? There are so many other opportunities out there that you cannot believe it.
Time your market entry
This question that troubles many wanna be investors no matter their age or background, basically has an answer that it is not about timing the market, but rather it is about the right time in the market. To put it simple, because the crypto market isn't linear, there is a lot of volatility and the prices go up and down, without a gigantic crystal ball you're unlikely to know the exact honey spot where to enter the market and have your assets skyrocket from there.
History proved that the crypto market is cyclical and even if your investment will go down for a time, it will still give you the best opportunity of yields for the long term strategies. If you look to the prime assets like Bitcoin and Ethereum, you can observe All Time Highs surpassing over and over again, so you just need to enter the market at the right time. Plan for your investment, wait for the hype to cool down and the market to enter into a bear cycle and make your move. In my opinion, this is the way to play it.
Start small
I want to bring up also a misconception when starting to invest in crypto and that is that you need to have a bug wadge of cash to get started. Very wrong! I've started my crypto journey without any dime by mining crypto assets with my computer or in the cloud using fre trials - crypto assets like Ethereum, Monero and some others that I don't remember or which have also disappeared from the market.
On Hive I've started earning by web3 social media content creation and engagement back in 2017. Some upvotes of $20-$30 simply got me hooked on that. But this proves that you can get into the crypto game even without a dime, but only some research and learning behind it.
You can even start with few dollars in some projects that you research upon - like I did with Splinterlands where I invested in the Alpha presale about a $100 and my assets grew over time into 5 and 6 thousands figures. Only if I would have been smart to sell at the right time, but nevertheless the opportunity was there.
Invest in what you know or research
You don't need to be a financial mastermind in order to invest in crypto. A way to start is to think on your own life, the products you buy, the services you consume and try to find crypto projects around those use cases. This will give you confidence of a rational investment and even if it all goes southwest you at least tried your best, learned from it and know what to do next.
On top of that you can and should do DYOR (Do Your Own Research) prior to investing in one crypto project or the other. Check the team if the project, their background, the development community supporting it, the history of the token and other criteria you might think of. Any of this information will give you the edge when making an investment decision.
In conclusion the wrong time to invest in crypto is never. You just need to plan and time your entry in the market, while having the patience to do so. You can get in some crypto projects for free by using your skills and time, or you can start with smaller amounts when buying one asset or the other. You just need to take a step of leap and educate yourself about the crypto space in order to make future wiser decisions and movements in the market. The opportunity is still here, the new era of blockchains is just emerging and spreads into the world and we can all be a participant of and reap the rewards. I am quite glad I made this step back in 2017, I missed two bull cycles when I could grab profits, but I am ready for what the future reserves for me with some potential life changing investments. But if I wouldn't have entered the crypto space and didn't educate myself about it, for sure opportunities would have fly pass me as it happened for a lot of friends surrounding me.
Posted Using InLeo Alpha
