Crypto Asset Prices Drop, This is the Right Moment to Buy It
The news about the Covid-19 variant of Omicron that first appeared on the African continent caused the price of Bitcoin, as well as other crypto assets to be discounted a lot due to the selling action of some investors who felt panicked and worried.
Indodax CEO Oscar Darmawan stated that crypto asset price corrections are a natural thing to happen in the investment world and investors, especially novice investors, don't need to worry too much because the correction is still below 50 percent.
"This is something that is healthy in the crypto world when there is a correction, because it helps build momentum for crypto to go higher after that," said Oscar, Monday (12/6/2021).
"The important thing is that investors always use cold money to transact in crypto assets, and I always emphasize that everywhere when asked to give tips to start trading crypto assets," continued Oscar.
Oscar admitted that he is optimistic that in the future crypto assets will rise again, because crypto is a good investment when a crisis occurs because it is not influenced by the weakening of the economy and government policies of a country.
With the Omicron variant, Oscar sees, the case of a decline in crypto prices is the same as what happened in 2020 when the Covid cases began around the world, and this sell-off is only temporary.
With the price of crypto assets being cheap at the moment, said Oscar, it can be used to add to the portfolio by buying crypto assets that have been registered with Indodax.
"This is something that is healthy in the crypto world when there is a correction, because it helps build momentum for crypto to go higher after that," said Oscar, Monday (12/6/2021).
"The important thing is that investors always use cold money to transact in crypto assets, and I always emphasize that everywhere when asked to give tips to start trading crypto assets," continued Oscar.
Oscar admitted that he is optimistic that in the future crypto assets will rise again, because crypto is a good investment when a crisis occurs because it is not influenced by the weakening of the economy and government policies of a country.
With the Omicron variant, Oscar sees, the case of a decline in crypto prices is the same as what happened in 2020 when the Covid cases began around the world, and this sell-off is only temporary.
With the price of crypto assets being cheap at the moment, said Oscar, it can be used to add to the portfolio by buying crypto assets that have been registered with Indodax.
"After buying, investors can save, and resell if the price of crypto assets later rises," said Oscar.