This past January, I was telling you all about the massive buying opportunity that comes with a “crypto crash”; well, folks, that was nothing! Time to kick up your HODL holdings! Bitcoin was selling at almost 50% off this past week. With nearly 5.7 million coins in circulation, this may be the lowest price/best buying opportunity we see.

This year has been a roller coaster ride for cryptocurrency prices.

With nearly 40% of cryptocurrency investors underwater and many newer investors having pulled out at a significant loss, NOW IS THE TIME TO BUY YOUR HODL! Prices have already started to rebound for the most popular coins, but when buying for the long term, it is about accumulating coins when they are cheap and holding onto them through lows and highs.

HODL, Bitcoin prices are the lowest we have seen in years
Bitcoin was selling at $31,183.70 at the time of publication.

Prices of Bitcoin, Ethereum, and Ripple (along with the rest of the field) had seen a huge run-up over the course of 2017.

The rally saw crypto markets increase by approximately $710 billion in total value.

What’s more, is that 61% of investors (down from 73% in 2017) are planning on buying more cryptocurrency in 2022 and plan to hold out for additional gains before they consider selling any of their investments.

Market prices are the lowest we have seen in recent years, making it a prime opportunity to pick up coins you believe in strongly. We have long-term positions on Stellar Lumens (XLM) and Solana (SOL). Even with the latter having network growth struggles and outages, a project like Solana succeeding will be a game-changer in terms of how inexpensive it will be to send money across borders, make payments online, and who knows what else!

As with any investment, there will be ups and downs, and crypto is no different. In fact, it closely follows the stock market. So if the stocks are seeing turbulence, you almost guarantee crypto is seeing it as well. The Business Resource Directory recommend playing a long game and not watching the day-to-day too closely. Following the numbers too close can lead to FOMO, depression, and other mental health-related issues.

FOMO (fear of missing out) is real, and while the prices will rebound, they will undoubtedly drop again. By playing a long game, reading the whitepapers, and only investing in the coins you believe in, you will have a better chance of success when investing in crypto.

Here’s what some of the respondents had to say:

If you’re looking to take part in the cryptocurrency craze, there’s still plenty of time left to get on board before prices start to head North (as it inevitably will). Just don’t expect financial advice from anonymous posters on the internet! HODL!