New Delhi: Owing to the crisis between Russia and Ukraine, the global market is facing a downfall. The war-like situations have majorly affected the cryptocurrency market, creating panic among the investors. Considering the concerns of investors and buyers, we have come up with a few tips for our readers.
Before we dive into details, it is important to note that this is a short-term reaction to the crisis. The market will rise soon as both countries are trying to resolve the situation through talks.
The tips are available below for Bitcoin investors and other crypto investors in India amid the crisis:
1. Dollar-cost averaging
Dollar-cost averaging could be a better option for you if you are afraid of investing your money all at once. This method helps the investors to divide the total amount of investment across periodic purchases, reducing the impact of volatility on the overall investment.
2. Don’t panic
Due to the tense situation in Ukraine, the market is registering a downfall. Seeing this, most investors do panic. Notably, the crypto market is volatile so experts suggest staying invested and thinking of a long-term investment.
3. Fixed Strategy
Investors are suggested not to change their long-term investment plans. In the market, jumping from one strategy to another one due to short-term issues is not considered good. Stick your decision, if you had made any long goal before investment.
4. Buy the dip
As the price for cryptocurrencies is low, it is a good time for those who are planning to invest their money on a long-term basis. This technique is most likely to fetch you a good profit.
5. Observation is key
A good investor always observes the market before putting his money on any plan. This is a continuous process to become an expert who can predict things better ahead.
