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How to be a winner in the Crypto Winter

For the later, the best way to benefit from these market dips is to slowly keep averaging your investments on every dip. We will show you how dollar cost average would benefit you in the long run and will also help you answer some questions like u201chow do I buy cryptocurrency in Canadau201d.

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How to be a winner in the Crypto Winter

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  1. How to be a winner in the Crypto Winter

  2. The current cryptocurrency market has been nothing short of a roller coaster ride, from extreme ecstasy to agony and everything in between have made investors and traders ambivalent towards this market. Right from record highs a few months back to an almost 50% dip since, the cryptocurrency market has been full of surprises each day. There might be several questions that might be racing through your mind like, what is the future of cryptocurrency? What should you do in this market dip? And so on. For the later, the best way to benefit from these market dips is to slowly keep averaging your investments on every dip. We will show you how dollar cost average would benefit you in the long run and will also help you answer some questions like “how do I buy cryptocurrency in Canada”.

  3. What is the future of Crypto currency?The crypto currency markets are yet in their inception stage, unlike assets like stocks, bonds, fixed deposits etc. The first Cryptocurrency to be introduced was Bitcoin which was back in 2008(only 13 years ago) whereas the stock markets now have been around for more than 100 years. The cryptocurrency market is often known for its volatility and that is mainly because it is short on volumes unlike the stock market.

  4. The future of cryptocurrency seems very bright as it brings a lot of diversifications to handle your money when compared to the standard financial systems. Cryptocurrencies are quicky being adopted over standard fiat currencies since people have already begun seeing its benefits. The dips that we are seeing currently are very healthy for the crypto markets for an overall long-term growth as it will attract a fresh set of investors and bring new funds into the market.

  5. How to dollar cost average?It is very important to average your investments in the current dip for a healthy portfolio and better gains in the long term. Let us help you with a small example.

  6. If you bought Bitcoin at $50,000 and are still invested then it would make sense to put in some more money and buy Bitcoin again (small quantity) at its current price which is around $30,000. This would help you average out your investment which you made at a higher price. Keep buying small amounts on dips and before you know it you would have accumulated a large quantity at an attractive average.

  7. What to do now?The best thing to do during a crypto winter is to sit tight and wait for any green signals to proceed. Till then, investors who are stuck at higher prices should definitely buy on dips and new investors should start making a strong portfolio by investing immediately. If you want to know where to get started and how to easily buy Bitcoin in Canada then all you need to do is log on to the Netcoins website and follow these instructions.

  8. First, you need to provide your personal information to open an account. Then, you need to get your details verified. After this is done, you can transfer money into the wallet and begin trading.SOURCE CREDIT: https://medium.com/@netcoinscanada/how-to-be-a-winner-in-the-crypto-winter-73fd118ed699

  9. THANK YOU FOR WATCHING

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