{"id":476,"date":"2023-05-31T12:29:13","date_gmt":"2023-05-31T12:29:13","guid":{"rendered":"http:\/\/squallmotion.com\/?p=476"},"modified":"2023-11-22T16:37:22","modified_gmt":"2023-11-22T16:37:22","slug":"should-you-buy-crypto-in-a-downmarket","status":"publish","type":"post","link":"http:\/\/squallmotion.com\/index.php\/2023\/05\/31\/should-you-buy-crypto-in-a-downmarket\/","title":{"rendered":"Should You Buy Crypto in a Downmarket?"},"content":{"rendered":"<figure><img decoding=\"async\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/cdn-images-1.medium.com\/max\/600\/1*CgVVXrCP2za_E2l7cXCJ9Q.png\"><\/figure>\n<p>Cryptocurrency can be a volatile investment. Prices can swing wildly in a matter of hours or days, making it difficult for individuals to know when to buy or\u00a0sell.<\/p>\n<p>However, downturns in the market can be the perfect time to buy crypto. Here\u2019s\u00a0why:<\/p>\n<ul>\n<li><strong>Lower Prices<\/strong><\/li>\n<\/ul>\n<p>During a downmarket, crypto prices are generally lower than during a bullish market. This presents an opportunity for individuals to buy the same amount of cryptocurrency for a lower price. When the market eventually recovers, the value of the cryptocurrency will rise, and the investor will have made a\u00a0profit.<\/p>\n<ul>\n<li><strong>Long Term Potential<\/strong><\/li>\n<\/ul>\n<p>Cryptocurrency is still a relatively new technology. It has the potential to revolutionize the way we do business, store value, and transfer funds. Buying crypto during a downmarket means investing in this potential for the long term. While the market may be down now, the potential rewards could be significant in the\u00a0future.<\/p>\n<ul>\n<li><strong>Diversification<\/strong><\/li>\n<\/ul>\n<p>Buying cryptocurrency can be a way to diversify your investment portfolio. It offers a different type of asset than traditional stocks and bonds. By buying crypto during a downmarket, individuals can spread their risk across different types of investments.<\/p>\n<ul>\n<li><strong>Opportunity for\u00a0Learning<\/strong><\/li>\n<\/ul>\n<p>During a downmarket, you have the opportunity to learn more about cryptocurrency and the market\u200a\u2014\u200alearn about the technology behind different cryptos, and develop a better understanding of how the market\u00a0works.<\/p>\n<p>This knowledge can be valuable for future purchases and can help individuals make informed decisions.<\/p>\n<h3>How to Buy Crypto with<a href=\"http:\/\/blockchain.com\/\"> Blockchain.com<\/a><\/h3>\n<ol>\n<li>Go to<a href=\"http:\/\/blockchain.com\/\"> Blockchain.com<\/a> and create an\u00a0account.<\/li>\n<li>Verify your\u00a0identity<\/li>\n<li>Add funds to your account: Add funds to your account using a credit card, bank transfer, or other payment\u00a0methods.<\/li>\n<li>Navigate to the \u201cBuy Crypto\u201d tab and select the cryptocurrency you want to buy. Enter the amount you want to buy and confirm the transaction.<\/li>\n<li>Once your purchase is complete, you can store your crypto in your<a href=\"http:\/\/blockchain.com\/\"> Blockchain.com<\/a> wallet.<\/li>\n<\/ol>\n<p>It\u2019s important to remember that the market is unpredictable, and individuals should always do their due diligence before making any purchase decisions.<\/p>\n<blockquote><p>This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor.<\/p><\/blockquote>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" alt=\"\" class=\"lazyload\" data-src=\"https:\/\/medium.com\/_\/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=7d29fbbd8e06\"><\/p>\n<hr \/>\n<p><a href=\"https:\/\/medium.com\/blockchain\/should-you-buy-crypto-in-a-downmarket-7d29fbbd8e06\">Should You Buy Crypto in a Downmarket?<\/a> was originally published in <a href=\"https:\/\/medium.com\/blockchain\">@blockchain<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency can be a volatile investment. Prices can swing wildly in a matter of hours [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/476"}],"collection":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/comments?post=476"}],"version-history":[{"count":1,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/476\/revisions"}],"predecessor-version":[{"id":477,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/posts\/476\/revisions\/477"}],"wp:attachment":[{"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/media?parent=476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/categories?post=476"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/squallmotion.com\/index.php\/wp-json\/wp\/v2\/tags?post=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}