5 Crypto Investing Tips to Survive the Altcoin Crash

Altcoins have faced significant challenges recently, indicating that the bullish trends observed in April and May were short-lived. Current valuations may continue to decline before any potential recovery takes place, and for some altcoins, the chance for a rebound might be permanently lost. Bitcoin’s market price currently hovers just above $6,000 after briefly dipping below that level, with altcoins experiencing even steeper declines.

As many digital assets return to price levels not seen in a year, and some initial coin offerings (ICOs) dip back to their original selling prices, there are chances to capitalize on a new wave of gains. While altcoins carry a high level of risk, the potential for profit remains, albeit coupled with the danger of rapid sell-offs.

For individuals looking to establish a position in the market, the upcoming weeks or even months of bearish trends may offer numerous opportunities.

The $100 Investment: In December and January, many investors took out loans to acquire cryptocurrency assets, leading to unfortunate consequences. Historically, buying and selling in the crypto space often involved “betting money” – an amount that investors were prepared to lose. Now, with valuations plummeting by 85% or even over 90% from their peak prices, some assets appear relatively affordable for smaller investments.