Crypto Should Be at the Top of Your New Years Resolutions
Happy New Year Traders (or soon-to-be-Traders)!
If you’ve decided on a resolution for yourself this year, first of all, good on you for wanting to participate in an annual tradition of self-betterment. We love to see it! Second of all, are you perhaps looking to make any fun little investments? In the case that you are, are you possibly new to the world of crypto investing?
2022 was a dramatic year for the industry, there were a lot of highs and a lot of lows, but that doesn’t change the fact that crypto is here to stay. In case you weren’t already thinking about investing, here are a few good reasons it would make an excellent New Year’s resolution.
Web3 is around the corner
Web3 is docking and if you’re not prepared to board now, you might be getting left behind tomorrow. Like, for real. There will be huge changes in the world of the internet and the faster we get comfortable with those, the easier adapting to Web3 will be. Get comfortable with decentralized applications, blockchain technology, using crypto, and while you’re at it, try to make some money for yourself!
It’s not too late to make big money
Though it may seem like the possibility of making any big real money through cryptocurrencies is a ship that sailed long, long ago, it’s not. Both Bitcoin and Ethereum, crypto’s golden tokens, are expected to go a long way from here on out. The truth of the matter is the earlier you get in there, the better, but the good thing is we’re still in the early days. The final bitcoin isn’t expected to be mined for another century! You still got time! In the meantime, as the bitcoin supply shrinks, demand is continuing to rise and that value is expected to keep going up.
Possible end to the Bear Market
For the last little while, we’ve been in something called a bear market. This signifies that the market is not in a time of prosperity. Specifically, when the broad market index falls by at least 20%, we are characterized to be in a bear market.
History suggests that the bear market will be coming to an end within the next few months and that markets are expected to rise in early 2023. This is comparable to crypto’s performance patterns over the last few years. The market always snaps back like a rubber band, and after every bear market comes a bull run. Meaning the only time that’s better than yesterday for buying crypto, is today. There are never any certainties in crypto, but with the market expected to rise in this new year, now is as good of a time as any to begin investing.
We always recommend doing your own research to make sure investing in crypto is the best option for you. If your only New Year’s resolution is to read more books in the new year, we wish you well with that too. Though if you’re curious about crypto, we hope this article was a good reminder that it’s never too late to start trading! Whatever it is, we wish you a lot of success in your journey! Remember that League of Traders is always there to guide you through the crypto world if you ever find yourself needing any backup. Our in-app guides are always beginner friendly, but if you need an extra hand, make a post on the timeline and we’ll be right there to help!
Happy New Year Traders, we’re looking forward to seeing what 2023 has in store for all of us (and the market)!
