How Cryptocurrency Market Correction is Healthy for Long Term Investor

amar-patel (57)in #cryptocurrency • 6 years ago (edited)

Most of the people thinks that Cryptocurrency is the best way to make quick money just because of recent huge price hike in Bitcoin and Ripple XRP. it but it is not like that There is no easy money in this world you can earn money either smart way or by hard work. Smart work is to find the right opportunity at right time and grab it as smart investor did for Bitcoin and Ripple XRP when invested very early.

Those who want to to be rich through crypto investment let me tell you every crypto goes though good and bad phase even though Bitcoin goes through lots of up and down since its launch let me tell you on thing in year 2010 Bitcoin value was Zero USD yes you heard it right, but still most of us believed in it and saw the future of Bitcoin and block chain technology those who believed in Bitcoin are now rich.

Please note this post is not an Investment advice in Crypto market through this post I am sharing my study and research on crypto market please do your own research and study before make an investment in the crypto market as crypto market is very volatile.

If we look at the graph of Ripple XRP even after huge market crash down smart investor are still in profit , the greedy investor can become smart Investor if hey hold any crypto for long time. In most of the cases greedy investor investor when someone recommends them, they do not study or do their research by expecting high profit in mind and when market crash they become panic and sold it.

Crypto investment are just like normal IPO of stock market where you buy the share of company after studying lot about company's past performance and hold it for long time to earn good profit from it same thing is applicable to crypto investment also.

If we look at the price of XRP it become 2USD coin in very short span of time most of the investor believed in the technology of Ripple network and invested for long time but most of have no any concern with XRP or Block chain technology they just invested to double their money when such type of investor got return they pull of their money and invested in Bitcoin because at that time Bitcoin Price as increasing that leads to sudden small downfall in the price of XRP. But major reason for downfall in XRP including all altcoin was the all news from China and Korea.

If we consider the example of XRP smart investor sold their XRP at high and again buy it on low but many investor just lock their XRP of 5 to 10 years locking period one of my friend having 500 XRP which he bought at 0.6 USD which I think very reasonable prize he did not sell XRP neither when price was high not in maker crackdown he replied me " potential of XRP is much more than we saw I am holding it for long time".

I was quite impressed with his answer and due to market crash down he added more XRP to his portfolio by buying again at very low price. If we look at the price of XRP it is growing slowly and it will grow just because of a smart investor like my friend. After any crash down in crypto market or stock market it will take time to recover it as i see it will take 2-3 month to recover. those who have shown their patience will diffidently get the reward for that.

Ripple network working very hard to increase their- partnership around the globe. Opportunists investor have left the XRP and XRP is growing in the Healthy and i believe all good crypto will grow in same way.

My final words to all crypto investor is to Invest in Technology, Invest in Concept , Invest in Team Working behind it , Invest Early because after all it is your hard earn money when you see your investment is growing just sell some portion of your investment to recover your base amount you have invest and the rest hold for long time that will provide you peace of mind for your hard earn money.