When Is The Right Time To Invest In Crypto?

Cryptocurrencies like Oduwacoin experience daily, and even hourly price volatility; as it is with other types of investments, this causes uncertainty, fear of missing out, or the fear of participating at all. But in all of these, how do we know when to buy, or allow our money to work for us in the digital asset world?

Gambling and investing —Know the difference

Many people believe that they don’t have gambling tendencies, and they may not happily admit it even if it turns out that they are acting on such impulses. Nonetheless, understanding one’s actions has the tendency of shaping one’s decisions, and the way one makes them.

When it comes to crypto, there is a difference between gambling and investing even though they are hard to separate. Although, both approaches attempt to make money on a chosen subject, or field.

However, while gambling involves taking uncalculated, or careless/care-free risks for desired financial goals, investing sees one putting timely and well-thought resources together with the anticipation of financial returns in the future.

The lines can, however, become blurred when thinking about crypto.

Buy the dip

To make smart investment options in crypto, one has to look at the perfect strategy. With this, one can easily beat the market as a pro.

Even though it is impossible to consistently beat the market, experts believe that prices can be anticipated because the values move in repeating up-and-down patterns, driven by investor sentiment.

Those that buy the dip are investors who are on the lookout to purchase cryptos that have fallen from their peak. This is because financial experts believe that the price decline is temporary, and it presents an opportunity for jaw-dropping financial returns in the future.

It is as well advisable that one goes for crypto assets that are still at the primary markets. One of those is —Oduwacoin, the first pan-African crypto.

Recently, Ripples Nigeria, a Lagos-based online newspaper, identified Oduwacoin as one of the cryptos below $1 that one should watch out for.

“Oduwacoin is similar to bitcoin, as it bets on scarcity and investor greed to grow investment, as a result, there are only 21 million OWCs available in the market.

“Aside from being a store of value, OWC also serves as a form of payment for cross-border transactions, as well as take the place of paper money at the African free trade zone. It is also accepted as digital cash by ecommerce platform, DollarStore,” the newspaper wrote.