Opportunities Are Starting to Abound In Crypto Markets

With another down day in crypto land, the prices of many cryptocurrenices are hitting recent lows. One could view this correction as a loss to their existing portfolio and feel disheartened by what is occurring. Or an investor could look at this correction as a clearance sale where purchases made now and the near future will be at really good prices and will result in the accumulation of more coins as compared to if the market stayed at higher prices. There are many good coins that can now be bought at a fraction at where they once were.

Bitcoin, the biggest cryptocurrency, is now trading at less than half of where it was over a month ago. It was trading as high as $19,000 US and now can be bought for $8,000 US. Ethereum was $1,300 US and now can be bought for $800 US. Some coins I really like are down quite a bit and I think represent great opportunities at these prices. Vechain was recently over $8 US a coin and can now be bought for $4.50 US. EOS was over $16 US a coin and now trades for $8.85 US, a 50% discount. Modum was over $7 US a coin and now trades for $3.39 US.

Corrections like these should not be thought of as horrible events as they are far better than that. The changes in the market represent great opportunities to buy coins at much better prices. Sure many investors are fearful having seen their portfolios decimated by the downturn but for those investors that are confident in their favourite coins these corrections present a great opportunity. An investor has to at least hold onto most of their portfolio during these corrections as selling because of fear tends to lead to trades at low prices. If blockchain technology is really going to significantly change our society and improve markets the way many suggest it will than a few of these coins are going to grow significantly in value and this correction will be an opportune time to add to one's portfolio. It takes bravery to buy when prices are falling and are at low levels but these periods in hindsight always end up being the best times to be a buyer. It's hard to do but it tends to be rewarding. Good luck.