Business News of Tuesday, 10 December 2024
Source: www.ghanawebbers.com
Crypto markets are highly volatile, with prices fluctuating dramatically, but they follow identifiable cycles. These cycles typically consist of four phases: Accumulation (buying at low prices), Bull Market (prices rise), Distribution (experienced investors sell), and Bear Market (prices decline).
Historical trends show cycles of significant growth followed by steep declines, such as in 2013, 2017, and 2020-2021.
External factors like regulation, adoption, and halvings also influence these cycles.
For long-term success, investors should avoid trying to time the market and instead use strategies like dollar-cost averaging (DCA), holding assets through fluctuations, staying informed, focusing on utility, and practicing strong risk management.
By understanding and navigating these cycles, investors can position themselves for success.