I fellas I have two questions to ask crypto experts and investors in this forum today
1. Is this a good time to build crypto portfolio?
2. Do you really think that bear market will be a dipping as 2018?
Now that crypto is gaining more investors day by day and crypto adoption is increasing massively I don't think that the next bear market will be crazily low like 2018/2019, what do you think?
I will try to answer your question,
1. every time is the right time to build a crypto portfolio, because the price of cryptocurrencies will definitely continue to increase, but of course not all cryptocurrencies whose price will increase, therefore you are better to investing in projects that are already popular and have a high volume, so you can get a big profit in the future.
2. the market will not experience a bear run like in 2018, because currently many investors and large companies are starting to invest in cryptocurrency, then besides that USA also announced if USA will never ban cryptocurrency, so that makes people start choosing to invest in cryptocurrency and make cryptocurrency as a long-term investment, therefore I believe if there is a correction in cryptocurrency market, then of course the price will not fall as badly as in 2018 and the market conditions will recover quickly than before (increase again).
yes I agree, but I want to add my opinion, Before building a crypto portfolio, it's crucial to research and understand the different cryptocurrencies available, their use cases, and their potential for growth and Don't put all your investments into a single cryptocurrency; consider spreading your investments across different assets.
I will answer about "crypto bear market will be a dipping as 2018" While past trends can offer some insights, it's important to note that each market cycle is unique and can be influenced by different circumstances. The bear market of 2018 was characterized by a significant decrease in cryptocurrency prices after the rapid price increases of the preceding bull market in 2017. Whether a future bear market in the cryptocurrency space will be similar to the one in 2018 or exhibit different dynamics is uncertain. If you are considering investing in cryptocurrencies, it's important to conduct thorough research, assess your risk tolerance, and make informed decisions based on your individual financial goals and circumstances. Additionally, consider consulting with financial professionals who have expertise in cryptocurrency markets and investment strategies.