The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents…Continue reading on Medium »
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Following a six-day snapshot voting period, the final results narrowly reveal that 53.59% of ApeCoin participants advocate to remain on Ethereum for the mid-term future, with 7.1 million APE tokens cast in total.
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“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that's agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand.
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Although the airdrop took place less than two weeks ago, problems have already arisen for the vaunted layer-2 scaling solution’s team and market maker.
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The cryptocurrency market has gone through several bull and bear cycles in the decade since its inception. Savvy investors leverage both these cycles to optimize their investment portfolio, rather than letting their emotions and gut reactions guide their investment. In this article, we review key strategies that savvy investors use during a cryptocurrency bear market cycle.Investment strategies to thrive in cryptocurrency bear marketA bear market occurs when the prices of digital assets fall more than 20% from their recent highs. Typically, a bear market has more supply than demand, leading to the fall in prices. Some of the characteristics of a bear market include low liquidity, fall in trading volumes, and lack of investor confidence.Smart investors know how to use bearish conditions to further optimize their cryptocurrency portfolios. Let’s look at the strategies that help traders survive and thrive in the bear market.1. Buying the dipThis is one of the strategies that investors leverage in bear market conditions. They buy digital assets at low prices only to sell them later when market conditions become better. Since it is a long-term investment strategy, traders are unaffected by short-term volatility in cryptocurrency prices.2. Going for blue chipsWhen a recession spreads, investors look at their current positions and reduce exposure to the most volatile assets. Most of these coins usually come from the trending sectors of the market like NFTs and meme coins. Reviewing portfolios is good practice in bullish conditions as well. By regularly reviewing your portfolio, one can identify any weak spots and make adjustments to minimize losses.Smart investors know that their investments are safe with blue-chip digital assets like Bitcoin. For instance, Bitcoin has, in the past, dropped by nearly 80% and recovered. However, some altcoins that went down during the 2017 crash have yet to recover.3. Short-sellingIn a bear market, prices often dramatically plummet from their ATH. Shorting is one strategy that investors leverage to come out ahead. This is betting against a coin’s price by predicting that it will go down further.While it is one of the strategies for making profits in a bear market, it is also quite risky and can easily lead to losses if the market doesn’t move in the expected direction. So always remember the golden rule of investing: Only invest what you can afford to lose.4. DiversifyOne of the essential rules of investing is to never put all your eggs in one basket. This is especially important during a bear market, where some assets lose value while others hold steady or increase in value. To minimize losses, one should spread money across different assets. Investors are less likely to lose everything if one asset class takes a nosedive by diversifying investments across different assets.5. Zoom outHaving a plan is essential for your investment portfolio. It can be tempting to make rash decisions when prices are falling. However, rash decisions usually lead to more losses. So instead, have a clear plan for your approach to the market and stick to it no matter what.It is easy to get caught up in the day-to-day price fluctuations, so it’s important to remember long-term investment goals.6. StablecoinsInvestors can swap their assets into stablecoins so that their funds are safe when the market recess goes further. With this strategy, investors earn passive income from stablecoins by lending them in DeFi protocols.7. Be patientBear markets can be frustrating for investors, but it’s important to remember that they are often just temporary setbacks. Smart investors wait for the market to recover, so they will be better positioned to take advantage of the next bull market and make profits down the road.Here’s what to avoid1. Panic sellingThis one is easier said than done. It’s important to remember that correction markets are a normal part of the investing cycle. They allow savvy investors to make profits, so panicking and selling off your investments will only lead to losses in the long run. It can be tempting to sell everything and get out of the market when prices fall. However, selling when prices are low leads to missing out on the rebound when prices rise again.2. FOMO or FUDThese are some of the most significant factors driving crypto markets. FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt) influence market movements based on fear and greed. Investors guided by FUD and FOMO typically get emotionally overwhelmed, ignore their trading strategies, and make poor judgments. This is more common in bear markets. The only way around FOMO and FUD is to focus on long-term strategy and keep your emotions in check.Bottom lineIt is necessary to have a strategic plan to effectively navigate a bull or bear market. Developing a strong mindset and strategic thinking is crucial. Smart investors keep a cool head and always zoom out to thrive in any market condition.Originally published at https://www.cryptohopper.com.Check out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefCryptocurrency Bear Market: Strategies of a Smart Investor was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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The third DevTeamSix bi-weekly AMA with Bill Spata, Eric Anderson, and G-Money was full of great questions and exciting information.Continue reading on Medium »
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The customer relations management software behemoth Salesforce introduces an NFT marketplace to drive user engagement on customer platforms.
The post Salesforce Introduces NFT Cloud Marketplace for Customers appeared first on BeInCrypto.
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The anonymous thief has sold off one million of the tokens as launch partner Wintermute tries to coax the hacker into cooperating.
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The US Senate bill to control cryptocurrencies and prevent abuses that put citizens at risk is an important victory for the industry and…Continue reading on Medium »
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As the cryptocurrency market goes up and down, there are more and more options. Knowing which currencies are the best to invest in can be challenging with so many different currencies. Here are 5 of the best to invest in for 2022. In this post, I’ll point out some of the best cryptocurrencies and explain why they might be worth the risk.The opinions expressed are solely my opinions and not considered financial advice.5 Best Cryptocurrency To Invest In 2022Bitcoin (BTC)Bitcoin is the most popular and well-known cryptocurrency, with a market cap of over $500 billion. More than double the value cap of Ethereum, the second most valuable crypto coin. Bitcoin was first created in 2009 by Satoshi Nakamoto and has become synonymous with cryptocurrencies due to its popularity and longevity. As a result, many people are interested in Bitcoin. Here are some tips to keep in mind if you’re thinking about investing.First, it’s essential to know that the value of Bitcoin can fluctuate wildly — so you should only invest what you’re willing to lose. Second, there are many different ways to buy Bitcoin — so do your research to find a suitable method. And finally, don’t forget to diversify your crypto portfolio by investing in other coins. Ethereum, Ripple, and Litecoin are all excellent choices. By following these tips, you can make an intelligent investment in Bitcoin — and hopefully make some money!Bitcoin is a cryptocurrency that uses blockchain technology to record its transactions on a public ledger. Because everyone has access to the ledger, it’s very secure. In addition, Bitcoin is popular because it’s relatively anonymous- it’s hard to determine who owns what. Here are some tips for investing in Bitcoin:Do your research! It’s essential to understand how Bitcoin works before investing any money.Start small. You don’t have to invest thousands of dollars at once.Be patient. Don’t expect to make thousands overnight. Cryptocurrency can be volatile, so you should be prepared for ups and downs.With some research and patience, investing in Bitcoin can be a great way to secure your financial future.Photo by Kanchanara on UnsplashBinance Coin (BNC)If you’re thinking about getting into the world of cryptocurrency, then you’ve probably heard of Binance. With a market cap of over $86 billion, it’s one of the largest crypto exchanges. And while used for trading ICO tokens, it also offers a wide range of other crypto coins. Binance was the first-ever crypto exchange.So what sets Binance apart from other exchanges? For one, it’s decentralized, meaning your funds are stored in your wallet rather than on the exchange itself. Decentralization makes it much more secure, as there’s no risk of the exchange being hacked. Additionally, Binance has expanded well beyond just crypto trading since its inception in 2017. Now you can also use it to book travel and make payments.Of course, all this comes at a price. Binance charges high fees for trading and also doesn’t offer much in terms of customer support. But for those willing to put up with these drawbacks, Binance is worth considering.Solana (SOL)With a market cap of over $20 billion, Solana is a high throughput blockchain project that can process more than 700,000 transactions per second. It’s the world’s first high-performance ICO platform, designed and implemented by a team with years of experience in large-scale distributed systems. Solana is a great option if you’re considering investing in crypto. And if you’re new to crypto investing, here are a few tips to get started:1. Do your research. Crypto is a complex and volatile market, so it’s essential to understand the basics before investing. Read up on crypto lingo, follow industry news, and learn as much as possible about the space.2. Know your risk tolerance. Investing in crypto comes with risks, so it’s essential to know your risk tolerance before you start buying. For example, are you comfortable with volatility? What about price fluctuations? Make sure you understand the risks before you invest.3. Start small. If you’re new to crypto investing, starting small and gradually increasing your investment over time is best. Starting small will help you get comfortable with the market, and as you become more comfortable, you can start investing more.The Future Of Finance Is SocialEthereum (ETH)It’s no secret that crypto has recently been on a downturn. But on the other hand, Ethereum, the second-largest crypto by market cap, has also seen immense growth, currently at over $225 billion. So, what is it that has made crypto so popular?Crypto offers safety and security that traditional fiat currencies do not. In a world where financial instability is becoming increasingly common, crypto provides a way to protect and grow your wealth. Moreover, crypto is borderless and used by anyone with an internet connection. With its real-world uses and increasing adoption, it’s no wonder that crypto is on the rise.Tether (USTD)Unlike crypto heavyweights like Bitcoin and Ethereum, which rely on blockchain technology, Tether uses centralized servers to keep track of transactions and total supply. Despite this difference, Tether has become the third biggest cryptocurrency by market cap, with a valuation of over $75 billion.Much of Tether’s success is due to its close association with the US dollar. Because each tether is pegged to the dollar, it has become a popular way to store value in the volatile crypto market. As a result, Tether can be an excellent way to dip your toe in the water without risking too much money for investors looking to get into crypto. However, it’s important to remember that any government or financial institution does not back Tether, so you should only invest what you can afford to lose.Tether is an excellent option if you’re considering investing in crypto. It has several advantages over other crypto options, including speed and stability. With Tether, every transaction is executed immediately — there’s no need to wait for miners to confirm the transaction. It is making Tether much faster than bitcoin, which can take up to 10 minutes for a single transaction. In addition, Tether is a more durable crypto option. It’s pegged to the US dollar, so it’s minor, subject to the volatility that can plague other crypto options. If you’re looking for a reliable and fast crypto option, Tether is worth considering.Photo by Andre Taissin on UnsplashMy ThoughtsSo, there you have it. These are five of the best cryptocurrencies to invest in for 2022. Of course, this is not an exhaustive list, and your research is essential before investing in any digital currency. But I hope this gives you a good starting point as you explore the exciting world of cryptocurrency investment. Are you ready to jump into the fray? Learn more about these currencies and start trading today!Power Law: How It Impacts You?Subscribe for a weekly roundup of emerging trends, products, and ideas.Support indie creators and buy me a coffeeCheck out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/href5 Best Cryptocurrency To Invest In 2022 was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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