Crypto expert reveals future of cryptocurrency post crash + 3 tips for new investors

With the future of cryptocurrency uncertain following the recent crash, many crypto owners and investors may be concerned about the currency’s stability. However the crash may not be all bad.

Although in the short term, such a plummet in value may have a negative impact, the crash will help those that survive to become even stronger. And it also provides an opportunity for first time investors to get a slice of the action for a fraction of previous prices.

Louis Schoeman, managing director at broker comparison site Forex Suggest, says:

“We are currently experiencing the biggest crypto crash in history, with the crypto Fear and Greed index having slipped into “extreme fear” category.

However, it’s not all doom and gloom. Coins such as Bitcoin, Ethereum and Solana gained in their prices in the last 24 hours. Equity markets, too, recorded some gains including Nasdaq, the S&P 500 and Dow Jones Industrial Average.

It’s worth noting that various coins including Bitcoin were heavily inflated in a bubble over the last 2 years, so a crash of this enormity was bound to happen. With investors dumping assets in response to high inflation and the semi-collapse of the Celsius network driving the downward spiral, I think only the best fundamentally strong crypto projects will survive this bear market, as is proving to be.

This is a cleansing process of note as we believe between 80% - 90% of the crypto projects will not survive this period especially if Bitcoin falls below $20,000 again.

But, it also serves as a massive opportunity for many no-coiners to enter the crypto market for the 1st time ever.

Fortune favours the brave in crypto right now.”

For newcomers deciding to dive into cryptocurrency investments, Forex Suggest have provided their top 3 tips on protecting your assets in case of a further crash:

“Bitcoin is a unique, but extremely volatile asset. Never dive in just because you are feeling left out while everyone around you is investing in crypto. Always do your due diligence before investing in any asset and be aware of all the risks that are associated with your crypto investment. Understanding how cryptocurrency works will equip you with the competence to safeguard your investment over the long term and a crucial part of this is knowing when to react and when to sit tight.

Build an investment strategy for every scenario. Stay aware of all the scams that are happening, set limits on how much you invest i.e. do not invest more than you can afford to lose and finally, focus on historical data more than speculative data.

Diversifying your portfolio of assets could make all the difference. Do your research and spread your money out over different currencies to avoid big losses when specific currencies drop in value.”