Yes, the crypto market sucks right now
Yes, for the past few months, the crypto market has been extremely boring. Prices of large coins like Bitcoin and Ethereum haven't moved much. Bitcoin has been lingering around $40,000 and Ethereum has been lingering around $3,000. This isn't neccessarily a bad thing though.
Many people do ask themselves when the right time to buy is. The answer typically depends on your needs for the cryptocurrency and financial situation.
The good news is that you can buy crypto whenever you want. If you plan to use it as an investment, there are many things to consider before investing in crypto. First of all, find out if the crypto aligns with your financial goals and whether or not it’s a sound investment for you. You need to set up a budget so that you don’t spend all your money on crypto, or even start gambling with it as not all cryptocurrencies are created equal.
If you're trying to time the market (buy crypto when the prices are very low), you'll probably just end up wasting time and some money. We recommend buying cryptocurrency now, because, in the long-term, the crypto market will see an uptrend.
The growth of cryptocurrency is unstoppable. While some cryptocurrencies are only worth a few dollars, the price of Bitcoin has previously surpassed $68,000. One thing is for sure: You are missing out on a lot of opportunity if you don’t buy cryptocurrency.
If you do invest in crypto, what matters most is not the coin itself but the technology behind it. The technology that powers crypto is called blockchain and it consists of three major characteristics: security, transparency and decentralization. Blockchain offers a new way of exchanging value over the internet without any cost other than the energy spent to perform transactions. This innovation made Bitcoin possible and its success could have big implications for our society as a whole.
So, while the crypto market in its current state may be extremely boring and continues to tease us with its constant pumps & dumps, it's a great time to invest in it, because you'll profit in the long term.
