Post
Topic
Board Economics
Re: Are you ready to spend crypto when market is down
by
Fredomago
on 28/12/2022, 07:41:59 UTC
In my opinion when the market is down like right know Im not going to spend it my crypto unless using if for daily purposes like withdrawing the crypto for a monthly bill. the best time when the market is down is to accumulate more coin and token stake it and enjoy when the bullish month coming.

If you have enough spare money, it's better to save your money into crypto, which you believe that will bounce back when the market start to pump. There are many factors that may affect the market and it will be depend on how investors and traders will think about the potential and possibilities of how the market will behave in the next few months or years.

Though it's also possible that those who are good in making a short-term trade are capable to make some good amount and spend it with their personal needs, but surely it's not that many who can really make good position when the market is down.

Most are afraid and really not willing to take the risk of spending their money, or some may choose to wait and hold.