Is it time to buy now or will it dip lower? Got some savings burning a whole in my pocket
From what I've seen over the last couple of weeks, most of the crypto market seems to have hit its low and is now back on the way up again. Obviously no one can predict what will happen over the next 3 to 6 months but if you are investing for the next 3 to 6 years then as long as you buy some crypto with a solid foundation to it that's still going to be around for a few years then the price of most crypto is going to be several multiples of its current price.
The likes of Bitcoin and Etherium (the current 2 biggest by market cap) should be a nice safe bet over the next 5 years so sticking half your investment in to those should 'almost' guarantee you a good return then stick the other half in to something with a much lower market cap that has the potential for a 10x or 2x return.
There will always be dips along the way but in general crypto is only going to go up over the next few years.
