Worrying About your Future Crypto Investments? 5 Tips and Tricks for the Year 2023


Crypto has gone through a lot of inflation in the market, the “downfall” of FTX in late 2022, and a lot of government regulations on the transactions of cryptocurrency. This made a lot of new crypto investors rethink and reevaluate their investments in Bitcoin, Ethereum, and many NFTs. So, here are some tips and tricks to help you organize your crypto portfolio—

1. Crypto can be another “bubble” just like the “dot com bubble”

Keeping the business cycle in mind, we can consider crypto as another cycle due to the current socioeconomic state of the world. Inflation is off the charts like in the late 2000s and 2010s, but this may not be the permanent state of the crypto considering its potential to be more than what it is right now. It’s high time for you to see crypto as a “solution for the world” instead of using its “manipulative behavior” to make money.

2. Buy the dip

The niche way to start in any mode of investing, according to amateur investors, is to “buy the dip”. This is a common technique used by beginners to buy the decline to get “expected” returns in a short period. It’s sometimes better to think that Bitcoin is “on-sale” right now to buy it. For example, Bitcoin was consistently trading at $20,000 for about 6 months and due to the “FTX hit”, it fell by about 20%, this says that you can think it is on sale and buy it. Reminder, do not buy crypto to fulfill your FOMO.

3. Consider “blockchain” investments instead of “crypto” investments

To play the safe game, it’s better to invest in blockchain tech companies as they have a future in the coming age of Web 3.0 and Metaverse. It’s better to invest in these because, their volatility in the stock market is can be predicted, at least at the minimum. To consider such blockchain companies, here is a list of a few companies that are trending—

  1. Coinbase Global, Inc.(NASDAQ:COIN)
  2. Robinhood Markets, Inc. (NASDAQ: HOOD)
  3. Applied Digital Corporation (NASDAQ: APLD)
  4. Riot Blockchain, Inc. (NASDAQ: RIOT)
  5. Bakkt Holdings, Inc. (NYSE:BKKT)

4. Avoid new cryptocurrencies

Some new crypto is about to release in the end of 2022, but don’t invest in them because of FOMO (Fear Of Missing Out). It is said, “Hype kills art.” Considering the dual nature of investing, hype sometimes kills your portfolio too. Due to the influence of social media and Elon Musk, people are investing out of FOMO. But, that will always trigger your mind when you lose money on crypto when you lose money on it.

5. Take the risk

“Risk hai tho Ishq hai”, from Scam 1992 says it so. But, the “practical-risk taking mechanism” needs to be appreciated here case. The thing about taking risks is that all the above factors mentioned need to be considered. Taking the risk, must not be followed by blind optimism though “practical-optimism” will help be stable both mentally and fiscally feasible.

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