News and Analytics

0

Our Next 90 Days Crypto Strategy

Aug 15, 2024
  1. Current Situation
  2. Fundamentals Still Matter
  3. DCA Effectiveness

The recent flash crash raised a lot of questions among investors about how to act next. Today we plan our actions in the crypto space for the next 90 days, analyzing the current conditions and key factors.

Current Situation

The recent market crash on Black Monday resulted in significant losses among leverage traders. While the crypto market quickly recovered, macroeconomic conditions remain unstable. High inflation in countries like the UK and the US reduces available investment funds, and the European economy is in recession. Despite this, long-term investors and large players continue to buy actively.

Fundamentals Still Matter

Fundamentals remain important. Although some projects, like Ronin, have suffered from specific news, most crypto assets fell due to the general market crash. Investors should monitor fundamental changes in the projects they are interested in. Remember, selling a position when the fundamentals change is not a wrong strategy.

DCA Effectiveness

Using Dollar-Cost Averaging (DCA) remains one of the most effective ways to handle the current market. Small and regular investments help reduce the average purchase price of assets. For example, in the last two months, applying DCA strategy for buying Bitcoin would yield significantly better results than buying in one go.

With continuous market volatility, strategies like DCA remain the most reliable for long-term investments. Monitor fundamental changes in projects and continue to make small but regular investments to minimize risks.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like