Is it a Good Idea to Buy the Dip after a Crypto Crash?

19 Jun 2022

Both intelligent and insane individuals dwell nearby. This is why the seemingly crazy strategy of purchasing the current decline in bitcoin prices may be brilliant in the long term.

In recent days, the value of cryptocurrencies has dropped dramatically. It lacks much charm. 

It's extremely painful. In actuality, it contains every slur in the English language.

Nevertheless, this is normal in the crypto space.

With these tokens, boom-bust-boom cycles occur at an accelerated rate. The economy has entered a period of "bust." Nevertheless, if the past is any indication, the "boom" is coming.

According to our most recent analysis, cryptocurrencies may be approaching a new "boom" period. And it is possible that cryptocurrencies may not lose much more value until then.

Based on past crypto winters, the current bear market seems nearing its end.

Bitcoin BTC reached its all-time high in the early days of November 2021. The middle of June of 2022 has already passed. 

It has been seven months since the current bear market for crypto assets started.

Bear markets in cryptocurrencies often last roughly a year. The 2017–2018 one lasted almost a year. 

Between 2013 and 2015, the market entered a bear market after 14 months.

As a result, there is precedent for the present bitcoin bear market to continue into November and December. When this happens, Bitcoin will see a "boom."

That makes sense if we come down to brass tacks. New "boom" cycles frequently begin approximately one year before a halving. The second Bitcoin halving is anticipated to occur in May 2024. 

Because of this, it is quite likely that a new boom cycle for cryptocurrencies will begin somewhere in the early part of 2023.

It would seem like Bitcoin, and other digital currencies are on the cusp of a bull run that would drive their prices to new all-time highs.

We anticipate a significant confrontation between Bitcoin bulls and bears when the price hits $20,000 or higher. We believe that bulls will ultimately triumph.

Bear markets in the cryptocurrency sector had historically reached their apex when Bitcoin's price retraced to its "realized price" and effectively stabilized there. This cost basis is often used as an investment strategy.

This was the lowest point in the 2015 and 2018 bear markets. The value of COVID decreased in 2020 as well.

Historically, Bitcoin's realized price has served as a steady technical bottom for digital currency during moments of market volatility.

Despite this, the value of cryptocurrencies continues to decline significantly. 

Moreover, market dips have presented investors with unique purchasing opportunities throughout the last few years. 

We lack confidence that this time will be different.

This bear market is anticipated to be replaced by a bull market by the end of the year. In 2023 and 2024, cryptocurrencies will reemerge as an investment possibility.

To capitalize on the resurrection of crypto assets, you must purchase the necessary currencies immediately.

This is not the time to make risky wagers on the bitcoin market. In the long term, the great majority of tokens now on the market will fail. Simply put, nothing will change. 

The marketplace was bombarded with unfounded rumors. Maintain your distance from the foam until it has been eliminated.

This includes meme tokens, such as Dogecoin DOGE, Shiba Inu SHIB, and other pup currencies. They are perilous; therefore, you should avoid them whenever possible.

Nonetheless, the moment has come to place more focused bets on reputable cryptocurrencies. Those who can withstand this winter will emerge as enormous long-term winners.

In other words, it is preferable to bring a shotgun to the crypto-investing table rather than a sniper rifle. 

Now is the moment to concentrate on a handful of significant cryptocurrencies. Invest only in these brands and disregard the rest of the competition.

That is an ambitious goal. There are now over 6,000 different cryptocurrencies to select from. 

The great majority of individuals will achieve little. There are just a few people who have won 10 or more times in a row.

To our advantage, a quantitative and programmatic technique enables us to discover just the highest-quality cryptocurrencies with substantial prospective rewards.

This will decide whether or not you succeed in the present bitcoin crisis.

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MBA ChitChat
I think many Crypto investors need a very very long time to regain the confidence, I would look at the stock market recovery as an indication.
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