This is the Time to Accumulate Crypto Assets

in #crypto7 years ago

With investing the most opportune time to accumulate assets are during periods when the asset is out of favour. During these periods the price for the asset is low due to low demand and so investors in the asset are able to accumulate large amounts of the asset. This is true about all assets when they enter a period of recession or a trough in the economic cycle. Crypto currencies are in a phase of correction or recession as the prices have declined significantly in 2018.

In these periods of decline it can be difficult to invest or add money to an asset because prices have declined so that recent investors are suffering loses. As there are few investors it can be difficult to go against the grain and be one of the few investors to be buying the asset. Right now there are few crypto investors buying but right now is likely the best time to be an investor. I have been trying to dip my toes and add money to certain crypto assets that I think are attractive. These include Cybermiles, Binance Coin, Vechain, and EOS. Across the board the prices of all crypto assets are depressed because of the recession in prices led by declines in the prices of Bitcoin and Ether. Bitcoin and Ether have fallen in price because of fundamental issues with both currencies but in the process have depressed other coins with more promising fundamentals.

In this environment of depressed prices an investor will be able to accumulate the most coins. If you have ever had a desire to invest in crypto assets this is the time period in the business cycle that you would want to be an investor and add the most money to buying these assets. When the situation improves and if you believe in the long term future for crypto currencies you have to believe that it will improve and get better eventually. In this case you will look back at this time as a great opportunity to invest as prices will likely be much higher as sentiment gets better. With that being said this is a great time to be accumulating coins by adding money to crypto currencies.

Good luck investing.

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