This week, almost all crypto assets have started to inch up again led by Bitcoin, Ethereum and Cardano. News of the economy starting to recover has been circulating and fears of a bad recession has subsided. Is this the start of recovery for crypto markets?
Analysts, economic expeers and financial gurus have again started to give their take on where the economy is headed. This is expected because this is part of their job. They need to write something in order to get paid and/or keep their target audience. For the most part, they get it right as their research may be grounded on historical trends and chart analysis. In reality, no one can be 100% sure where the market is headed. They can only do prediction based on past events but they cannot predict unexpected situations like sudden geo-political issues, market manipulation and natural disasters around the world.
The recent dip in crypto today after a week of good sailing further emphasises this point. As a retail investor, what should you do then if the market is so unpredictable? Assuming you already have a tidy sum set aside for emergencies, just continue to invest a fixed, small amount into the investment of your choice. If you are investing in highly volatile instruments like crypto, remember to keep your allocation to within 10% of your investable assets or even lower depending on your risk appetite. This should keep you safe when any downturn comes while at the same time keeps you invested to take advantage of any downturn.
Disclaimer: This is not investment advise. Each person has their own financial circumstances and obligations so please consider these before applying any of the recommendations in this article.
In other news, WISH Pool has recently minted its 600th block. Thanks to everyone who helped us reach this milestone. We continue supporting educational charities with our latest donation:
WISH Pool is the creator of Cardano SPOT Check, an online resource for Cardano Stake Pool Operators for maintaining their nodes. We were a recipient of the IOG delegation in 2021 and the Cardano Foundation delegation in 2022. If you like this article, we greatly appreciate if you will delegate your ADA to WISH Pool. You will be earning interest rewards while helping the lives of disadvantaged children. This is because we pledge to give at least 10% of our own profit to educational charities so that successful students can help get their families out of poverty. Let’s help grow the community together!
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