Is It Time to Invest in Altcoins Again?

Always a complicated questions

We just closed out another good week for Bitcoin, with the market up about 3.5% in the a week, and the asset holding firmly above $23,000.

A slow but steady march.

With digital assets on an uptick in the last month, you might be asking yourself if now is a good time to place some bets on the hundreds of altcoins in the market. It’s tempting for sure…

But before you head to Coinbase or Binance and drop some money on Shiba Inu or Cardano, consider these factors:

• How much money you’re willing to spend

• How much money you’re willing to lose

• How long you’re willing to hold your position

The answers to these questions differ for everyone, but they are especially important now as investors look for signs that the bear market may be ending. As excitement begins to come back to crypto…. don’t lose your cool.

The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.