Cryptocurrency: Is it the "Most wonderful time of year" to invest?

Cryptocurrency: Is it the "Most wonderful time of year" to invest?

By TwoDogsCaged | TwoDogsCaged | 2 Dec 2022


Yes, it is a play off of the Christmas song. I have read articles about investing in both cryptocurrency as well as in the stock market. It seems to be assumed that if you have money to invest in stocks, you will be getting a bargain. If one is putting money per paycheck into retirement, you are buying more for your dollar now than you were when the market was up.

I believe this is also true for cryptocurrency. I started buying at the beginning of summer 2022. I thought then, as I do not those prices were good for the HODL'er, and I am more convinced no that this is a good time to buy, even if the market price drops 20 to 30% over the next few months.  Granted, the lower price you buy (on a solid project or coin) the better investment. However, no matter how low you buy some junk coin, you are wasting money.

I am loving the buying opportunity now. I am loving the long term opportunities to make a little bit. I am not expecting to become rich. If it happens, great, but more realistically, I am looking for something to provide more cushion in the future, to give me more options and choices.

I find it kind of funny that when you write about certain cryptocurrencies, there is so much emotions on the positive or negative side. If you keep an open mind, and are not ruled by emotions, you want to seriously question the viability of what you are investing in. I am invested in some of the bigger cryptocurrencies, but this does  not stop me from challenging them and their legitimacy. Strength comes from growth and knowledge, bot blindly buying into something or blindly disregarding something.  

I think we have les than a year before cryptocurrencies enter the next bull market. I also believe the severe lows are not going to come again as the fraudsters get weeded out.  

I believe it is the most wonderful time to invest in cryptocurrencies now and for a few more months.  I may be wrong, but I am betting not as there is along term future for some cryptocurrencies.

 

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TwoDogsCaged
TwoDogsCaged

Cryptocurrency is a fascinating idea, one that has many confused, scared and dismissive of the concept. However, it also is intriguing and likely a large part of the future.

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