Crypto prices are certainly following the trend of technology stocks right now, getting lower and lower. People are insecure about placing their money anywhere since they are afraid of their stocks or cryptos hitting new bottoms. But with this great “depression” of cryptocurrencies also comes a great opportunity to buy for the future.
Bad crypto investors usually wait until there is a spike or multiple spikes in a crypto coin before they actually start investing in it. To their amazement, when they decide to add money during that spike, the price starts falling down like it was hit by a truck.
Behavior economists know all about this, as most rookie investors (and sometimes even expert investors) fall into the FOMO trap. This happens because they are allowing their feelings to take over instead of their smarts. The monkey brain is always more powerful than we think indeed.
However, for seasoned investors who know about the technology and inner workings of the crypto they invest in, the current market fall is a godsend to position for big profits. They believe in the crypto market and they are willing to bet on what they believe, by investing more, even when everyone else is getting out.
The author, Mark Helfman, who wrote 3 books and is a top crypto writer, will let you know with a lot of sarcasm and plain language, why you are missing out on a great opportunity by not investing in crypto right now. This week’s spotlight article is all about why you should buy into crypto at the great discount prices that we are experiencing right now.