Bitcoin (24h)
Ethereum (24h)
XRP (24h)
Bitcoin Cash (24h)
Cryptocurrency: Does A Dip Mean Its Time To Invest?

Cryptocurrency: Does A Dip Mean Its Time To Invest?

Cryptocurrencies have picked up speed in recent years, seeing exponential growth in 2019, branching over to 2020, where Bitcoin and many other cryptocurrencies hit their record high. But as 2021 progressed, these digital coins took a dip. 

Due to cryptocurrency being reliant on demand, with the dip in value came a dip in interest. Over the past few weeks, significant tokens, including Bitcoin, Ethereum, and Dogecoin, have continued to drop. 

When it comes to crypto, the only guarantee is its volatility, and although this may be unsettling to hear, it comes with the advantage that it could hit a bull run at any given time. With the downturn in price, crypto enthusiasts are asking themselves, is now the time to buy?

With The Crypto Dip Comes Demand! 

Buying an item on sale is exciting for most, especially if it’s one of your favorites. Although the dip in price isn’t technically a sale, it does bring opportunity to those interested in jumping on board. For example, Bitcoin reached an impressive value of $65,000 back in April of 2021, and at the time of writing this, it had dropped to $33252,60. Bitcoin showed the most significant drop out of all the crypto coins on the market. 

With such a huge drop, the market opens the doors to those who were waiting for it to become more affordable. The most recent decline does precisely that. One should ask themselves: Does a dip in price mean it’s time to invest?

The answer is that cryptocurrency is highly volatile, and by looking at the behavior of those invested, it doesn’t look like digital coins are going anywhere anytime soon. Do your research on which cryptocurrency best suits you and decide from there. 

Crypto dip means buy Bitcoin

What Are The Most Promising Cryptocurrencies On The Market 

Bitcoin may be down, like a few other cryptocurrencies, but there is still promise in the option of digital currencies. For users, now is their chance to make big moves. With the price in general declining, it’s the perfect time for those who are looking for more affordable options.

Bitcoin may be the biggest name in the market, and it is out of reach for many interested investors with such high prices. However, here is a list of the top 10 cryptocurrencies to pay attention to this year.

These cryptocurrencies have potential, and those interested can source their desired crypto through a currency exchange such as PayPal. There are also other cryptocurrency management tools, which allow investors to take control of their investment fully. 

Once you have found your preferred cryptocurrency, users will need to pick a wallet to store it in. Check out the blog about the best e-wallets to find out the most secure options for you. Before investing, below are some tips on making sure you pick the perfect crypto for you. 

The best crypto for Bitcoin casinos

How To Identify A Promising Cryptocurrency

The internet can be an overwhelming place, and with excessive options and easy navigation, users are in constant connection with endless information. To help make the right choice in the cryptocurrency department, The Bitcoin Strip team has put together a list of pointers to help you find your ideal crypto options. 

Longevity

How long has cryptocurrency been on the market? Cryptocurrencies with a more extended history are generally easier to trust. This is because it gives investors the chance to have a look at the result and performance in the past, giving everyone better insight into the possibilities.

Track Record

What is the track record of the crypto in question? The last business year is an excellent indicator as to what the patterns will be like in the year to come. Signs of stability in price and increased traction are all signs of a promising future. 

Technology

With many options on the market, investors now have the ball in their court. Look into the workings of your options, and compare the usability and stability to other possibilities. Essential elements to pay attention to is the speed of the transactions, the security of the transactions, transparency of the transactions.

Cryptocurrencies operate on the blockchain system, which gives Bitcoin casino gamblers and investors the confidence of effortless transfers. With the system’s safety, players know that fraud and other mishaps are far less likely than what’s possible with fiat. 

Adoption Rate

What’s the market demand for the cryptocurrency in question? When you see a massive shift in demand and a high level of adoption amongst the general crypto community, the cryptocurrency has better liquidity, which means that trading, selling, or spending will be a lot easier in the near future.

choosing crypto for Bitcoin Casinos

Pick Your Platform, And Let’s Go!

Once you have found your perfect crypto fit, the best place to start with the fun is at the best Bitcoin casinos in the game. At The Bitcoin Strip, we always have the best options to take you to the top of your game. Backed by the ideal bitcoin casino, players have the opportunity to make big things happen. Here are the top-ranking Bitcoin casinos to play right now 

Now that you have your perfect Bitcoin casino. Get signed up, and let’s go!

Last updated by Jen Van Lier on June 29, 2021

Jen Van Lier

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

Leave A Comment

TheBitcoinStrip.com uses cookies

To find out how we use cookies, please read our cookie policy or click accept to continue.

Bonus Feature: 1 Free Spin to Win Up To 1 BTC

Sign up for exclusive bonuses from TheBitcoinStrip

Over 18 only. Terms & Conditions apply.