A Huge Cryptocurrency Mistake to Never, Ever Make
Rising inflation, the war in Ukraine, and concerns about the economy all have hurt risky assets. That's because, when times are tough, investors tend to flock to the safest investments. As a result, the cryptocurrency market has suffered. Why is cryptocurrency risky? It tends to be volatile -- even in good times. And cryptocurrency is pretty new. We don't know what role the industry will play down the road.
The value of the entire cryptocurrency market has fallen to less than $1 trillion from about $3 trillion late last year. So, it's clear cryptocurrency investing may be giving you a headache right now. But that doesn't mean you should call it quits. In fact, here's one cryptocurrency mistake to never, ever make.
And the mistake is... selling off all of your cryptocurrency holdings during a bear market. Let's take a look at why. First of all, bear markets and crashes are temporary. History tells us so. The market as a whole always bounces back.
Source Fool.com
