![]() ![]() Along with this, it is better to invest in fundamental projects rather than investing in a temporary HYIP. The project can be promising with an excellent team, idea, and implementation but if you buy the coins at high prices, you will have to incur losses in the short term. Beginners often make purchases of assets at the peak of pricing which is followed by correction and therefore unrealized loss. ![]() The sphere is not regulated, there is no protection against fraudsters, hackers and also it is important to find the right "entry points" into the asset at a favorable price. What risks should be considered when investing in cryptocurrency in 2023?īefore buying a new cryptocurrency in 2023, and investing in digital assets, it is necessary to understand the possible risks. In such a case, it is better to focus on new projects, you have to invest in them and some of them are already on the market but they have not yet shown their potential. People believe in Bitcoin, in its growth but it is difficult to expect a 300% price increase over the short run. There are quite a few new crypto projects that are actively developing even during the correction phase, according to their own roadmap, generally have great and necessary functionality for the cryptocurrency world and new technologies. In spite of the correction phase, fundamentally the projects are supported by funds and large corporations with billions of dollars in turnover. The entire cryptocurrency market has fallen into a severe correction since 2022, some assets have left the market entirely and some have lost value. ![]()
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