
Amid fears of further crypto collapse, some good news for first-time investors
With the future of cryptocurrency uncertain following the recent crash, many crypto owners and investors may be concerned about the currency's stability. However the crash may not be all bad.

Source: Pixabay
Although in the short term, such a plummet in value may have a negative impact, the crash will help those that survive to become even stronger.
And it also provides an opportunity for first time investors to get a slice of the action for a fraction of previous prices.
We are currently experiencing the biggest crypto crash in history, with the crypto Fear and Greed index having slipped into “extreme fear” category. However, it’s not all doom and gloom.
Coins such as Bitcoin, Ethereum and Solana gained in their prices in the last 24 hours. Equity markets, too, recorded some gains including Nasdaq, the S&P 500 and Dow Jones Industrial Average.
It’s worth noting that various coins, including Bitcoin, were heavily inflated in a bubble over the last two years, so a crash of this enormity was bound to happen. With investors dumping assets in response to high inflation and the semi-collapse of the Celsius network driving the downward spiral, I think only the best fundamentally strong crypto projects will survive this bear market, as it's proving to be.
This is a cleansing process of note as we believe between 80 to 90% of the crypto projects will not survive this period especially if Bitcoin falls below $20,000 again.
But, it also serves as a massive opportunity for many no-coiners to enter the crypto market for the first time ever.
Fortune favours the brave in crypto right now.
For newcomers deciding to dive into cryptocurrency investments, here are top tips on protecting your assets in case of a further crash:
About Louis Schoeman
Louis Schoeman is the managing director at broker comparison site Forex Suggest.Related
Microsoft adds R5bn to SA investment with youth and SME benefits 7 Mar 2025 #MiningIndaba: Mantashe classifies coal as critical mineral 3 Feb 2025 Momentum acquires 100% of Bidvest share in FinGlobal to build financial emigration capabilities 18 Dec 2024 Wealth Refinery: Transforming insurance and investment solutions in South Africa 10 Dec 2024 Could De Beers be the next Twitter? 21 Nov 2024 The 2024 #MTBPS and other critical factors that could influence the market 28 Oct 2024
