I can't believe my eyes everything in my crypto portfolio is green after what has felt like an eternity! It's been quite a roller coaster lately for many of us. Let's see what's driving this bull market and how to make a profit out of it .
According to Crypto.news there's movement in the regulatory landscape with an act potentially regulating stablecoins like USDC. Furthermore Bitcoin and ETH ETFs are seeing significant inflows which indicates strong demand.
It's been two days of a really nice rally already and many coins saw even over a 10% rise! At the time of this writing Crypto.com is showing me:
And these numbers are just for the past 24 hours. I also noticed that Cronos jumped a lot since Wednesday.
I've been a sporadic investor since 2021 and an avid investor for the past two years. Although these numbers look great compared to the past three months they are nothing compared to December 2024. Although I used a dollar-cost-averaging strategy with a bit of speculation in between my investments have slowly but surely dropped during that time. That's why I say they have a lot to recover to get to past levels.
Volatility! Do your homework and don't expect to be a millionaire overnight unless you already are! I do have positions for which I lost like 50% of the asset value. I've managed to stay strong and disciplined so far. If you are not mentally prepared for losing asset value this world may not be for you.
You can read my article about VARA being delisted from Coinbase to find out about the risky situation I found myself back then.
This one depends on your strategy and appetite for risk. I do believe that if you invest 1000 EUR, you may even get a 20% profit out of it in one week. Be patient in attaining your goal as it can take some time to grow. In my case, since I budgeted other things, I think I'll refrain from investing this time, but for you I think it's still a great time to invest.
I do believe that at some point these assets will recover their prime. It's simply in their nature. When it comes to tumbling down they will do it rapidly but when it's about recovering things work slowly. That's why patience and mental discipline is key. Plus use a strategy that's comfortable for you in order to protect yourself from the emotional turmoil in case of a bear market. Happy investing!