With Bitcoin down 68% and a number of top cryptocurrencies having lost over 90% of their value from their all-time high (ATH), where exactly one should invest their money in a bearish crypto market.
Crypto Winter: Bear market of 2018
Cryptocurrencies have lost more than 50 percent of their value since they reached their peaks in early January. Bitcoin (BTC) is currently down over 68 percent from its all-time high (ATH) in mid-December at approximately $19,500.
Ethereum (ETH) and XRP, the top cryptos are more than 85 percent down from their high in mid-January at about $1,400 and $3.85 respectively.
Bitcoin Cash (BCH), Cardano (ADA), IOTA (MIOTA), Dash, Tron (TRX), Lisk (LSK), NEO, Verge (XVG), and QTUM have lost more than 90 percent of their peak values.
Tether (USDT), the stable coin which is pegged by a dollar is also below $1 at $0.998, down over 17% from January peak at $1.21.
The volatility has dropped to the lowest this year which is not at all encouraging for the investors to sink their feet into crypto waters. Moreover, the daily trading volume in the market has also taken a hit and registering low numbers.
Investing in a Bear Market
Nonetheless, New Wave Capital, a fully registered investment adviser co-founded by Albert Cheng and Stewart Hauser that was launched in July says the customers are still very much interested as many customers have invested more money into crypto. CEO Eric Campbell shares,
“The kind of customers who would sign up during a downturn have more of a long-term approach to investing.”
According to the firm, crypto investment is not for only accredited investors, but for regular people as well i.e.