Let the experts guide you through Crypto Winter – Bitcoin (BTC/USD), Dogecoin (DOGE/USD)
This educational guide exploring how to protect crypto assets in a bear market was created in collaboration with Caleb & Brown. Caleb & Brown is the world’s leading cryptocurrency brokerage. Learn more here.
2022 has been a challenging year for cryptocurrencies and stocks so far.
At the time of writing is SPDR S&P 500 ETF SPY, Nasdaq Composite (INDEXNASDAQ: .IXIC) and SPDR Dow Jones Industrial Average ETF DIA have declined by 25%, 35% and 20% respectively compared to the 2021 highs.
Cryptocurrency has mirrored these declines, albeit with greater intensity. The Bitcoin BTC/USD the price has fallen to a low level, about 75% of its record high, and Ethereum’s ETH/USD the price has fallen to a low ~82% of its record high. Altcoins like Solana SOL/USD, Polygon MATIC/USD and Dogecoin DOGE/USDall of which were stellar 2021 performers, have been dragged into the tracks left by their larger-cap counterparts, as their prices fell roughly 87%, 72% and 90% since their 2021 highs.
A report by IMFBlog, an economic and financial insight blog run by the government-backed International Monetary Fund (IMF), concludes: “There is increasing correlation between virtual assets and financial markets,” leading many to believe that even if poor macroeconomic conditions persist , cryptocurrencies are likely to remain in their dire state.
Despite what the headlines might suggest, there is no need to panic. Volatile periods are typical in the crypto market. What is important in these periods is to protect mental and financial capital and avoid catastrophic behaviour.
To Caleb & Brown, the world’s leading cryptocurrency brokerage, helping investors navigate the complexities of buying, selling and exchanging cryptocurrencies is a core function of their business. Through their personal brokerage service, investors gain access to experts with decades of experience navigating turbulent market environments.
What’s more: Caleb & Brown’s brokers are available 24/7, ready to discuss any concerns, ideas or speculations. Whether you’re mapping out a hedging strategy, evaluating dollar cost averaging (DCA), or aiming to learn more about cryptocurrency in general, C&B’s brokers can guide you through it all.
Using key indicators and performance roadmaps as guides
As Coinbase Global Inc. COIN and Interactive Brokers Group Inc. IBKRCaleb & Brown offers first-class brokerage services at reasonable rates and exceptional speed.
However, unlike its two counterparts, Caleb & Brown prides itself on giving a personal touch to its brokerage services for crypto newbies and sophisticated investors alike. This allows the company to help investors understand the market and their own goals so they can determine an investment strategy.
For example, through consultations with professionals, Caleb & Brown will allow investors to:
- Diversify their crypto portfolios appropriately based on their risk tolerance
- Seek education about altcoins and learn about their risk and reward potential
- Use key indicators, such as all-time highs and market dominance, to tailor a strategy and time horizon for future returns
- Protect their gains by ensuring that risk is well managed and that disastrous decisions are avoided
As opposed to being a platform where you simply place trade orders, Caleb & Brown’s personal touch makes it a place to learn about investing, risk and wealth building.
Speaking on this topic, the company says on its website, “We’ll say it like it is, investing in crypto isn’t always smooth sailing. That’s why we exist to help you navigate the complexities and mitigate the risks, like that you can leverage this transformative asset class and build a better future.”
Armageddon?
Contrary to prominent news headlines, all is not lost.
Bear markets and crypto winters are cyclical events that provide a necessary cooling off period for the economy before another bull run takes place. Every bear market in history has replicated this cyclical process. Even Bitcoin’s recent 70%+ decline has been seen at least three times before, as discussed in a previous article.
The market can be a noisy and confusing place, but it doesn’t have to be. Enjoy peace of mind thanks to the education and personal service of Caleb & Brown’s crypto brokers here.
Interested in learning more about whether or not it’s the right time for dollar cost averaging crypto holders? Check out the previous article in this series here.
Featured image by Pierre Borthiry – Peiobty on Unsplash
This post contains sponsored advertising content. This content is for informational purposes only and is not intended as investment advice.
