Why Investing In Cryptocurrencies In 2023 Could Be A Bad Decision?

[Good-Person]

The year 2022 was a really bad one for many people. This is because the graphs and the data show us that cryptocurrencies have not performed well and this is something many investors were certainly not anticipating at all. 2023 could also be a bad year as well, so why or why don't you think so this may be the case?

 

[Riberet19]

I think we are repeating what we have done in other market cycles. In addition, cryptocurrencies fell last year for various reasons, among which are interest rates in the US, the fall of Terra Luna or the fall of FTX that put all of that into the market. bear market, Bitcoin, for example, did nothing wrong, it only fell due to external agents, and we are in the final phase of the cycle until the next halving, so I think we are certainly in a period of accumulation

 

[Nomad]

I don't think 2022 was a bad year for cryptocurrencies, especially if you were investors. Crypto prices went terribly low and this provided a lot of investment opportunities for the investors, mostly the small investors.

 

[Abigael]

I am not a cryptocurrency investor right now. But what I know about this kind of investment is that it needs one to be really vigilant when investing. You are required to do good research and analysis in order to decide when it is best for you to invest.

 

[GoldenLady]

It may not be bad to buy cryptocurrency in 2023. The year has started off already with a small rally, which might indicate that there is more to come. After a long year of continuous downtrend, a relief rally would be good for the continuation of the downtrend.

 

[Imran_Noori]

The year 2022 was a really bad one for many people. This is because the graphs and the data show us that cryptocurrencies have not performed well and this is something many investors were certainly not anticipating at all. 2023 could also be a bad year as well, so why or why don't you think so this may be the case?

It is very difficult to predict the market in 2023, crypto market started the year incredibly, some analytics say that it is a bull trap while others think that this is the start of the bull run.

 

[Smiles20]

I understand that a lot of people and scared because of her 2022 ended but then it can never become worse than that and if you want to invest in something then this is the time to start buying.

 

[Ronny_4son]

The year 2022 was a really bad one for many people. This is because the graphs and the data show us that cryptocurrencies have not performed well and this is something many investors were certainly not anticipating at all. 2023 could also be a bad year as well, so why or why don't you think so this may be the case?

Investing in cryptocurrencies in 2023 can be a bad decision because the cryptocurrency market is highly volatile and unpredictable. Cryptocurrency prices can fluctuate drastically, and the market is subject to sudden price drops and spikes. Additionally, the cryptocurrency market is largely unregulated, so it is difficult to protect yourself from fraudulent activities. Investing in cryptocurrency requires a high level of technical knowledge and understanding technology, and even with the best advice, there is no guarantee of success

 

[Gandiba]

Yes we all believed that the 2022 market was a kind of fluctuating, the crypto market didn't move as expected, even though is as the result of different things. But I think is not a bad idea to invest on crypto this 2023.

 

[Skysaint]

We are still not certain about how the market would go, whether or not it would be profitable but the recent rise in the cryptocurrency market value I actually a good signal for an incoming bull run.

 

[Genie01]

It may not be bad to buy cryptocurrency in 2023. The year has started off already with a small rally, which might indicate that there is more to come. After a long year of continuous downtrend, a relief rally would be good for the continuation of the downtrend.

That is just the truth, alot have been anticipating some bullishness because they feel that the price is too low or oversold. And the Markets was programmed to crush those that are impulsive about their Investment decisions .

 

[Sotherefore]

Unfortunately the price of cryptocurrency has been in a constant increase ever since the beginning of the year. People who were able to have invested in cryptocurrency earlier this year have been in a serious profit by now. Unfortunately not everyone was able to invest then.

 

[Danny4cash]

I am not a cryptocurrency investor right now. But what I know about this kind of investment is that it needs one to be really vigilant when investing. You are required to do good research and analysis in order to decide when it is best for you to invest.

To invest in cryptocurrency, you first need to learn it's basic principles. It's too risky for one to start investing in cryptocurrency without learning about it. I have a friend who spent a lot of to learn crypto and forex trading.

 

[GoldenLady]

It is very difficult to predict the market in 2023, crypto market started the year incredibly, some analytics say that it is a bull trap while others think that this is the start of the bull run.

It won't hurt either way to have some money in the market at this point though. Prices are at a very low point compared to what we could see at the peak of a bull run, and even the worst performing ones could give one at least 10x from here.

 

[Potuse]

It is true that you need to be very sceptical whenever you want to invest in Bitcoin in 2023 simply because it is a coin that comes with a lot of risk and I believe that the low price could make you accumulate some.

 

[Ononivami]

I am not going to see investment in cryptocurrency in 2023 investment as a bad move because it is definitely the period to keep accumulating and waiting for the future gain.

 

[Imran_Noori]

It won't hurt either way to have some money in the market at this point though. Prices are at a very low point compared to what we could see at the peak of a bull run, and even the worst performing ones could give one at least 10x from here.

You are right, market is down about 65% from it's all time high and an investment can make big profits for you, if you could find gems you can even make your money 100x.

 

[Monster Masterpiece]

You are right, market is down about 65% from it's all time high and an investment can make big profits for you, if you could find gems you can even make your money 100x.

We have to remain patient and do not believe on gems that could double your money * 100 because all of them are shit coins and as could decrease to zero after sudden increase on value.

 

[Imran_Noori]

We have to remain patient and do not believe on gems that could double your money * 100 because all of them are shit coins and as could decrease to zero after sudden increase on value.

I agree with you, some people will do marketing about some shit coins but I will never invest in those coins, I am talking about crypto currencies with big projects such as MATIC polygon.

 

[Planbizzle]

The year 2022 was a really bad one for many people. This is because the graphs and the data show us that cryptocurrencies have not performed well and this is something many investors were certainly not anticipating at all. 2023 could also be a bad year as well, so why or why don't you think so this may be the case?

Cryptocurrency prices are extremely volatile, which means that their worth may change drastically day to day. This makes it challenging to estimate their future price and dangerous to invest in them. Furthermore, because cryptocurrencies are mostly unregulated, investors are not protected if something goes wrong.