JAKARTA - The crypto market performance is in turmoil and overall under pressure. Even so, there are still long-term advantage opportunities with crypto-saving strategies.
According to Tokocrypto's VP Growth, Cenmi Mulyanto, the concept of crypto savings when the market plummets will benefit from buying assets at lower prices or 'discounts'.
As is known, one of the main factors that caused the market to be depressed this time was influenced by dramas involving global crypto exchange platforms experiencing a liquidation crisis.
"When the market plummets, the movement of crypto assets tends to be difficult to predict. Many investors agree that the best way forward is to adopt the Dollar Cost Average (DCA) and Buy The Dip strategies where they buy a number of crypto assets when the market experiences significant bearish corrections. This concept can be called crypto content," said Cenmi based on a statement received in Jakarta.
According to Cenmi, the market plummeting is not the end of everything. At least historically, the decline in crypto will always be followed by a strong rise that has allowed Bitcoin and various other altcoins to achieve price increases.
Make sure Research
Even if there is a price reduction or 'discount,' investors must always do research and not be lulled by the lure of fast profits.
Investors still have to continue to re-study the various types of crypto assets currently available in the market or seek more investment strategies to reduce the risk of losses in the future.
"So, make sure investors do an analysis of why prices go down, and dig deeper into the reason. Don't focus on certain types of crypto. Strategies to save crypto can be an opportunity for profit in the market," he explained.
Cenmi assumes that the decline in crypto asset investment is a common phase in the financial instrument industry. Moreover, crypto is still a new investment instrument whose growth is accompanied by the turmoil that occurs in the industry and its ecosystem.
"In principle, investing needs to return to fundamentals. Collectively, the crypto market most likely has the potential to move positively in the long term. The bearish market is now common in the crypto world. Crypto investors must always be calm and not panic," concluded Cenmi.
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