The cryptocurrency bear market has been in full swing for the past 6 months, and there are no signs of it slowing down. With so many people uncertain about investing in this sector, it’s hard to know where to start.
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To help you get a better understanding of what’s going on with this volatile market and which cryptos are worth buying in a bear market, we’ve rounded up some of the best articles that have been released on the subject.
What is a Bear Market?
A bear market is a period of time when the price of a cryptocurrency is falling. It’s called a “bear market” because, like bears, it can be scary and intimidating to watch. But don’t fear—it’s actually a sign that the cryptocurrency industry is maturing, and it’s not necessarily bad for you or for your portfolio.
A bear market doesn’t mean that your favorite crypto is dead. It just means that its value has gone down temporarily as part of the natural cycle of an emerging market (like how stocks go up and down in value over time). This kind of correction gives investors more confidence in putting money into cryptocurrencies and trading pairs including ETH/USDT and others again, which will lead to more investment capital being available for developing new projects in this space.
Since there are limited opportunities to buy cryptocurrencies, let’s say the Tron TRX, during times of high volatility (i.e., bull markets), we recommend using this opportunity now as opposed to waiting until after TRX price goes up again before making your purchase.
Signs of A Bear Market
A bear market is a period of time characterized by a drop in price and a fall in trading volume. Bears are typically associated with lower lows, lower highs, and the overall feeling that things aren’t going anywhere fast—or worse: they’re getting worse.
If you’re not familiar with these terms yet, don’t worry—we’ll explain them soon enough. For now, suffice it to say that bears are bad news for investors who bought high or have been sitting on their hands for too long waiting for something to happen.
The good news is that bears usually come after bull markets; when the price goes up so much that people want some relief from their gains (or losses), they sell their coins off rather than buying more into what they see as an overheated space with no room left to go up any further. Most crypto traders try not to trade during bear markets because they know better than anyone else how bleak things can get out there.
Best Cryptocurrency To Buy During The Bear Market
With the bear market in full swing and no signs of a bull market in sight for the foreseeable future, investors are looking for ways to make money. If you’re one of them and don’t know where to start, let me help with some suggestions.
One way that crypto investors have made money over the years is by investing in assets that have low price volatility but still high valuations. This means they can be bought at a discount compared to their true value while still generating gains once they hit their target price point. Here are three such cryptos:
- Ethereum (ETH) – price: $120-140 USD
- Litecoin (LTC) – price: $85-90 USD
- Dash (DASH) – price: $75-80 USD
Ethereum
Ethereum (ETH) is a blockchain-based platform that enables the development of decentralized applications (DApps), where smart contracts are executed on the nodes of the network.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
The Ethereum network is also home to many different “tokens,” which are essentially cryptocurrencies built into the Ethereum blockchain that are designed with very specific purposes in mind. Some tokens are used as payment systems (like Ether), while others can be used to represent decentralized voting systems or even digital property rights.
Bitcoin
Bitcoin is the most well-known cryptocurrency.
Bitcoin is a store of value, medium of exchange and unit of account all rolled into one. It’s a decentralized, digital and peer-to-peer electronic cash system that can be used as an alternative to government issued money (fiat currency).
Bitcoin has become increasingly popular with investors and speculators because it’s seen as a safe haven from the volatility associated with some other cryptocurrencies like Ethereum or Ripple, which have both crashed hard recently causing panic in the market.
LiteCoin
Litecoin is a good investment during a bear market because it is a good store of value. It’s also stable, with a low transaction fee to boot.
In addition to that, Litecoin has been around since 2011 and has proven itself as one of the most reliable cryptocurrencies in recent years. With its blockchain technology that allows faster transactions and lower fees than Bitcoin, Litecoin may be less popular but still deserves your attention as an investor.
How To Invest In The Crypto Bear Market
You can buy low and sell high in any market, even a bear market. The trick is to time it correctly.
- Buy when the markets are low and sell when they’re high.
- Buy when the price of crypto goes down, sell when it goes up again.
Conclusion
If you’re looking to invest in the crypto bear market, there are plenty of options available. The three cryptos we discussed here are just some suggestions, but they should give you a good idea of what kind of assets might be worth checking out and how they work.
