Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.
That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks.
That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why? Your input will be greatly appreciated. Thanks.
Yes always waiting for this moment. given the current conditions, many investors have difficulty placing their trust in cryptocurrencies, especially after on Terra (LUNA) incident. Personally, I think it will be a long time before society learns to trust investing and paying in cryptocurrencies. This is the reason why I really wish decentralization was more accepted by the mainstream. There is no doubt that it will eventually happen but only if the entire cryptocurrency market can survive for at least the next five years.