Almost everybody is in panic in the crypto space. Most of the commercial crypto projects are falling like cards blown by strong air. Nobody is in the mood to trust the typical "to the moon" claim. Not even Elon musk can make the crypto push in these times. Market needs something strong, something which makes them not to exit but to invest with trust.

This makes us question our own sanity on staying in the market. Is this is the right time to buy or is this the right time to sell? Is this the time for doing anything with crypto at all? Or are we there yet in the end of bear market? Everyday I see such questions being tossed on Twitter. Most of the twitter traffic however is highly chaotic, so we can't trust the social signals there.

Worst time to Buy Stablecoin Is NOW

I don't know which stablecoins are safe at the moment. Even the USDC and USDT folks are worried about the knock they could get from the ripper. You never know who could go down due to all the manipulation that is going on with the stablecoin pegs. Luna seems to have made many stablecoin projects panic and now not even the project owners and respective community of any stablecoin would be sleeping with peace.

One bad move on the peg, and the entire system can collapse overnight. What you are holding right now as long as it holds the peg it can thrive. But you never know what could happen in near future for those stablecoins and their stock. But we just trying to be patient with this bear market and hoping for the recovery.

Promising Projects can be invested Later

As much as I like to invest right now in some of the good blockchain tech. I feel most of the promising tech companies need to wait. They have to show the proof of concept to the investors of all type. This way they can easily be trusted later. But the thing is that investing now would not be safe for the investors and also for those who wish to buy the tokens.

A lot of games out there are promising. They can become next Axie or the Decentraland or even the Minecraft of the blockchain. But the thing is that such projects are to be believed only when they show some sort of the acquisition of users. It can be trusted if the things about the projects offer some good returns. Investing now in new projects? Hold on.

August is a good time for Buying Low

If you are already investing into the Top 50 coins with little investment as possible, you can do so from the month of August too. Buying now would only make you feel like you are losing as the market is just not going good lately. But you can buy at this low price and hold up a good chunk into the account for now.

Reason I am saying August is not because there is some prediction or some magic event happening. But if you check the market right ow you may notice that August seems to be the month when a lot of issues of June and possible in July's events would slowly reduce in the heat. Right every exchange and the ROI giving companies are in panic. So June-July months seems like going on with some strong disappointments.

My observation so far is that once the bad apples and bad actors in this space start to go out and market settles, you'd get idea of which project is worth investing long term. Meanwhile buying some stablecoin won't be an issue also some of the Top 50 lists's coins won't be a bad choice but it's a bit tough to say on anything as of now on what to buy.

For now Just wait if you can.