How to navigate the Crypto market in 2023
We have seen bloodbaths in global equities and crypto market since the start of 2022 with no clear sights of bottoming.
The world economy is currently at chaos thanks to the elevated interest rates, war in Ukraine, strong dxy (dollar index), boiling hot inflation, etc (a long list to add).
There were countless crazy insolvent events happened in the crypto space. Namely 3AC, Celsius, Luna, BlockFi and FTX.
Let bygone be bygones.
Let’s go deep dive into navigating the crypto strategies going into 2023, we would be amazed by the potential opportunities lies within the space if invest wisely.
Leveraging on Bitcoin’s 4-year cycle, we are currently at phase 3 of this cycle which this crypto king normally finds its cycle bottom. Any wick to the downside offers extremely attractive investment opportunities for a longer investment time horizon, investing in a phase 3 would normally reward investors with a generational wealth creation opportunity.
Bitcoin normally corrects by between 83.60% to 86.8% from its tops in previous bear cycles. Bitcoin is currently corrected by 76.30% from its Nov21 peak. It suggested that there might be a potential of 7–10% downside to develop in Q1/2 2023.
DCA (dollar-cost-average) into Bitcoin within 2023 would be a prudent and wise approach to take advantage of this pro-longed accumulation period. Remember patience is king!
Thank you! I hope you all enjoyed the first ever piece of my Medium article :)
Disclaimer: This is not financial advise
