3 ways to get the best deal from crypto even during the dip

in hive-175254 •  2 years ago 
The total crypto market has been halved in value as the dip and recession hit hard on all industry sectors. It would be wrong for anyone to think that just the crypto industry is badly affected and that it might signify the end of the cryptocurrency regime on the blockchain. Those thoughts are those of someone who does not understand the market or the rationale behind the technology.

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Most people see crypto as just online money, while some link it to Ponzi, which will be around for a period of time before it packs up. Those thoughts are wrong, though, as blockchain and cryptocurrency technology are still very underused, and the capability of what it can be used for has still been discovered daily. That's why I mostly say that the technology is for now and the future, as it will become much more secure and stable in the near future, but we are still in the trial-and-error phase.

so back to the recession story I was saying earlier. Checking the trends of the big companies, let us take, for instance, Meta (Facebook, Instagram and Whatsapp), which laid off over 11,000 people from work. This is a statement of how badly the recession has affected even the big companies. Twitter also laid off staff, and the value of the world's richest men continues to reduce as they are not making enough as they used to despite increased input.

All this was just to highlight that every sector is suffering from this recession, and saying that it would be the end of crypto is a harsh statement. Furthermore, I would like anyone with the notion that this will be the end of crypto to show me an industry which is doing well; I will be in the comment section reading your feedback. with that all said, let us dive into the matter of the day, which is how to get the best deal from crypto, even during the bearish season.

The first way to get the best deal is to do a lot of research on any coin you feel like investing in. we are in the dip period, and the value of a coin might not be much. The keynote of making it big in crypto is to identify opportunities earlier than the rest and invest in them before the opportunity becomes widely known to others. Your proper research gets you here, and that's why it should be done before investing.

The second is patience. People mistake crypto as a get-rich scheme or Ponzi where you can actualize fast money, but that's a false representation of the technology. Those conceptions are all false, and you could lose your funds from investing in a project with no plan or structure that relies on hype on Twitter. Invest in a great coin and have the patience to wait till it rises. There will be no better time to invest in the crypto market than now, as all coins are trading 3X under their ATH.

Lastly is exploiting DeFi. I mean that using the Defi to your advantage will make you reap bountifully, even in the bearish season. By doing this, you have more use cases for your token and could do more with a token other than just holding the token. You could save, farm with your token, provide liquidity and a lot of stuff with a token, and that's the best way to get the best return from a coin.

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You've listed very good points... Research is without a doubt very important when it comes to investing in the crypto space

i agree, thanks for stopping by

I love the fact that you mentioned patience. While Investing in a solid crypto project, you should remove the mentality of "get rich quick," and give the Investment time to mature. This also applies to the period of dip.

Thanks for sharing buddy

Pleasure mate, thanks for stopping by

@tipu curate

Your post has been supported by @josevas217 from team 2 of the Community Curation Program, at 50%. We invite you to continue sharing quality content on the platform, and continue to enjoy support, and also a likely spot in our weekly top 7.
Voting date: 21/11/2022

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Thank you, team 2 for the curation. Thank you @joseva217

Patience is a strong factor during this downtime, carrying out so much research about intended investment is more than a necessity now, enough of falling into trap of what people say whenever we want to make investment decisions.

Thanks for the feedback