8 Ways To Survive A Cryptocurrency Market Downturn

Cryptocurrency Investing on eToro – a League of Its Own Cryptocurrencies represent a distinct asset class in a league of their own. While they have often been associated with extreme volatility since their inception a decade ago, volatility is a double-edged sword. While you can earn a significant amount of money quickly, you can also lose it just as fast. The average annual return of the US stock market since the 1950s is estimated at 7%[1], however, in the cryptocurrency market, prices can move by many percent in a single day (for example, Bitcoin circa 2017). The fast-paced nature of the cryptocurrency market also manifests itself in a far shorter market cycle than in traditional financial markets. Here are some tips to help you survive a market downturn. #1 Reflect on your true Intentions (Long-term vs Short-term Horizon) Knowing your investment objectives and your time horizon are two important elements…

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