There’s no getting around it: Cryptocurrencies had an absolutely devastating start to the year, as many of the world’s top digital assets swiftly fell into bear-market territory. To make matters worse, this sell-off coincided with a broader decline in the stock market – the worst January for stocks since the depths of the financial crisis in 2008. If anything, the first month of the year should underscore the high risk tolerance that crypto investors need to have. If a 30% decline in a month is too volatile for your liking or would force you to sell out, this is the wrong asset class for you. But for those willing to accept high risk and a bumpy ride, February looks like an excellent entry point for top cryptos.
Bitcoin returns are awful (it is safe though).
The tricky part is figuring out when to take profits out of altcoins so your portfolio doesn’t tank during the bear market. The good thing is if you’re holding very long term it doesn’t really matter.
Our top picks for now are Titano and XRP!
DISCLAIMER: Please be advised that nothing in this video shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor. All personal opinion is intended for general information purposes only.