Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, blood bath continue in crypto market as the market observed 3.65% dip in last 24 hours. Crypto market global cap which was above $1020 Billion before FTX collapse fell below $800 Billion. At the time of writing global crypto market cap is $792 Billion. Tough time for investors who have already deprived from billion of Dollars but at the same time, recent dip provides an opportunity to buy coins at cheap rates.
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When BTC was around $68,000 it was difficult to predict that it will fall as low as $16,000 but this is crypto world anything is possible here. Currently BTC is trading around $16,050. Obviously good buying opportunity for investors to buy coins at cheap price. Time to invest in crypto in multiple installments.
Reason behind buying in installment is that it provides an opportunity to utilize your equity when the market obervsed another dip. Currently crypto market is free falling. There is no need to invest in coins at once. It may suffer you big loss if the market goes down further.
Remember, holding is key. Holding your investment and spend your investment in installments during each dip. It may help to earn big reward. The other things need to remember is that diversify your investment. There is no need to invest in one coin. It may save you from big loss. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.