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When is the best time to enter the crypto market?


Over the past day, the cost of bitcoin decreased by 5%, to $ 46.3 thousand. After that, the quotes won back part of the losses and at 18:35 Moscow time returned to the level of $ 48.4 thousand, according to Coingecko. Two days ago, Bitcoin was worth $ 52.6 thousand – this was a local maximum, writes RBC Crypto.

We focus on large investors

To enter the crypto market, you can take advantage of a situation in which one of the large holders wants to take profit and start selling digital coins, says CoinsPaid CEO Maxim Krupyshev. According to him, this will lead to a market collapse and create entry points for a profitable purchase of cryptocurrency. But while major players continue to accumulate bitcoin, says Vladislav Antonov, analyst at IAC Alpari. The number of addresses that store from 10,000 to 100,000 bitcoins has increased by 92, he said. Binance CEO Changpeng Zhao also said that large investors are buying bitcoins.

Continuation of correction or stabilization

If Bitcoin continues to decline over the next week and fixes below $ 45 thousand, then the correction is likely to continue and the rate will go below $ 40 thousand, said Yuri Mazur, head of data analysis at CEX.IO Broker. This moment can be used to enter the market, the analyst says.

CoinsPaid CEO Maxim Krupyshev is of the same opinion. According to his forecast, in the next week or two, the quotes of the main digital coin will drop to $ 40 thousand. The expert recommends entering the cryptocurrency in equal shares at the same time intervals. This way you can average the purchase price of an asset, and even if one of the transactions takes place at the peak, it will not lead to losses.

Which coin to choose

Bitcoin is considered the most reliable crypto asset, so it should make up the bulk of the investment portfolio, explained Maxim Krupyshev. He advises investing in the main digital coin in the long term for at least 3-5 years.

“Approximately 70% of the investment portfolio is bitcoin, up to 20% can be directed to several altcoins, but it’s better not to expect much from them. The rest of the share can be invested in De-Fi, ”said Coinspaid CEO.

Vladislav Antonov advised only experienced investors to invest in altcoins from the top 10, and for beginners, he said, it is better to focus on bitcoin. He explained this by the fact that all altcoins are correlated with each other, so diversification loses its meaning in this market. The analyst added that with the weakening of bitcoin, altcoins fall twice as much, respectively, and the risks of such investments are higher.

Many investors are scared off by the high cost of bitcoin, noted Yuri Mazur. In his opinion, in the coming months, there will be a gradual flow of investor assets from bitcoin to ethereum and other altcoins. The expert believes that this will not put additional pressure on the first cryptocurrency, but, on the contrary, will make it more restrained.

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