Skip to main content

Buying cryptocurrencies in a bear market

Although bear markets might be frightening, they can also present excellent investing opportunities, especially if you act slowly.
In January, when plunging prices had erased $1 trillion (approximately Rs. 77,69,223 crore) in value from their peak in November, people started worrying about another crypto winter. March saw a price recovery that partially offset the losses. But even if the majority of first-time retail investors are unsure if cryptocurrency is the proper investment given that we are currently seeing another severe crypto meltdown, there are ways to start a portfolio right away without having to take the chance of suffering significant losses. 

Here are the leading cryptos' percentage declines from their all-time highs to start. 

A 58 percent decline in bitcoin 
Ether has decreased by 62%. 
BNB is down by 55%. 
Cardano has decreased by 84%.
Solana has decreased by 83%. 
Dogecoin has decreased by 89%. 
Polkadot has decreased by 83%.
What therefore ought a novice investor to do? 
I could earn free cryptos if I was just getting started with cryptocurrency and had no money. There are two methods to do this:

(1) Airdrops :
Airdrops are a marketing tactic used by fresh cryptocurrency firms. In exchange for promoting their website and social media profiles, they offer free cryptocurrencies. Coinmarketcap.com and airdropalert.com both provide a list of the most recent airdrops.

(2) XXX And Earn Programs :
To raise awareness of their project, many cryptos offer brief courses. You can obtain free cryptocurrency by watching a brief film and answering a brief quiz. It's known as "Learn and Earn." Playing online games (play to earn) or simply walking might win you free cryptocurrencies (move-to-earn). 

When you make the decision to move forward, you should concentrate on unlisted, high-quality enterprises that have promising futures. But how should a fresh cryptocurrency initiative be assessed?
Use the ROHAS (Revenue, Organization, History, Algorithm, and Social) approach.

Revenue :
Comprehend and Examine how the project provides income for the ecosystem and what is the project's effect on the overall world economy? The project's official website and whitepaper are good sources for this information.

Organisation :
The organization/team (founders, developers, and company) needs to have a good track record of accomplishments, credibility, and favourable social media presence. The team members' LinkedIn profiles can be used to find this information.

History :
The project's active user count and transaction volume must have experienced rapid growth.

Algorithm :
The technical platform and consensus method must be reliable. An examination of the project's GitHub repositories can yield this information.

Social :
The initiative needs to have a sizable, lively, active, involved community that is positive and has a healthy proportion of zealots. Discord, Facebook, Instagram, LinkedIn, Medium, Reddit, Telegram, Twitter, and YouTube are the top social media sites.


Comments

Post a Comment

Popular posts from this blog

Content Marketing in 2025: Trends, Tools, and Strategies You Need to Know

As digital marketing continues to evolve, one thing remains clear: content marketing is key to building and maintaining a successful brand. Whether you’re a business owner, marketer, or content creator, understanding the content marketing meaning and how it impacts your business is essential. As we look ahead to 2025, staying on top of content marketing trends and utilizing the right content marketing tools will be critical to your success. In this article, we’ll dive into the content marketing strategy you need to adopt, explore key trends shaping the industry, and look at the best tools and examples to implement today. What is Content Marketing Meaning and Why is it Important? Before we dive into trends and tools, let’s first define content marketing meaning . Simply put, content marketing involves creating and sharing valuable, relevant, and consistent content to attract and engage a target audience. It’s not just about selling—it’s about building trust and relationships...
Post a Comment
Read more

Gadhouse Duke & Roy Is a Game-Changer!-Get High-End Sound Without the High-End Price

Image source:  https://gadhouse.com/th/ For audiophiles, selecting the right audio equipment can feel like navigating a maze. There’s the time-consuming process of researching turntables, followed by figuring out the right amplifiers and speakers, plus any extras like subwoofers or wireless features. Gadhouse aims to make this process much easier with their Duke & Roy Hi-Fi Stereo Turntable System . It’s the ideal solution for those seeking great sound without the hassle of piecing together individual components. Known for its blend of vintage aesthetics and modern technology, Gadhouse has become a favorite among audio enthusiasts. With models like the Gadhouse Brad , they’ve carved out a niche offering premium turntables at more accessible price points. Now, the Duke & Roy system represents an exciting step into the higher-end market, providing audiophiles with enhanced audio performance while still remaining reasonably priced. Elegant Design with Modern Features At the h...
Post a Comment
Read more

BINARY OPTIONS:Binary Options and How Do You Trade Binary Options?

The Binary option Is a type of option where the payoff is all or nothing, making them easier to comprehend and trade than standard options with a wide range of potential payoffs.  The "cash-or-nothing" binary option and the "asset-or-nothing" binary option are the two primary types of binary options. The asset-or-nothing binary option pays the value of the underlying securities, whereas the cash-or-nothing option pays a preset sum of cash if the option expires in the money. Because there are just two conceivable payment outcomes, these securities are referred to as "binary options." They are also known as fixed return options (FROs), all-or-nothing options, and digital options (popular in forex trading) (on the American Stock Exchange). Since binary options are typically European-style options, only the expiration date can be used to execute them. Let's examine an instance where a binary cash-or-nothing call option on the stock of XYZ Corp. struck at $...
Post a Comment
Read more