Are Current Crypto Price Movements Suitable For Investing?
Price movements in the crypto world are currently in a period of recovery when they were hit by a case attack from ftx a few months ago.
This caused all crypto prices to experience a very bad impact, plus several coins that have a relationship with the ftx company.
Since the beginning of this case, it was revealed to the public, there were several coins that experienced a price reduction of up to 90% of the total price and there were several coins that experienced a price reduction of more than 100%.
This causes traders to feel uneasy, especially with investors who almost 50% convert their assets into cryptocurrencies.
Surely they are very afraid of the decline in the price of the assets they have and the value of the assets they have will certainly decrease drastically.
Therefore, a few months ago the crypto world was very chaotic and its investors felt very nervous.
There are even some cryptocurrency traders who experience mental disorders just because of this problem, this is because the price of the assets they have has dropped dramatically from the price they originally bought.
Instead of getting a big profit, they become stupefied or lose almost 90% of the value they originally had.
However, for those of you who are new to getting into the world of investing in crypto, you don't need to feel afraid or worried about things like that.
Because, basically, the price of each coin will definitely go up or down according to the needs of the people who buy it on the market.
So that's why, if you ask, is it still profitable to invest in cryptocurrency?
Of course, it is very possible to get very large profits if you place your money in the right coins and coins that have very good potential.
There are lots of crypto coins or tokens that have very, very good potential for you to place the money you have.
You can see that from the movement of these coins from time to time and the spread of these coins in the crypto market, because there are some coins or tokens that have a special function for one thing.
Therefore, you must check the coin that you want to buy until you find a bright spot that you can use as a reference so that you are calm about placing your money there.