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Get rich with cryptocurrencies in 2022? Follow these 3 tips and you could get one step closer to your goal



 Getting rich with cryptocurrencies in 2022 is a big dream of many new investors. Usually we have to slow expectations a bit and draw attention to the fact that you can make a lot of money with cryptocurrencies, but you can also accept a lot of losses in a short period of time. 

Nonetheless, in 2022 there is the possibility of building your own wealth with cryptocurrencies through clever strategies. While it is unlikely that you will go from dishwasher to millionaire, increasing your investments tenfold is not out of the question. Today we put together 3 tips with which you can go well prepared into the next crypto year.

Strategy for cryptocurrencies 2022 - 1. Strike now if you still want to shop cheaply!

Shortly before the beginning of 2022, Bitcoin and other cryptocurrencies are still on the ropes. After Christmas, the Bitcoin price fell below $ 50,000 again. But there is very strong evidence that we have bottomed out in the last major correction. Bitcoin has not fallen below $ 46,000 for weeks.

Historical price developments show that a so-called Bitcoin cycle always ends with a massive, so-called parabolic rally. This was the case in 2013 and 2017. We expected this massive increase to begin as early as December. But the cycle seems to have lengthened. According to many analysts, the Bitcoin peak and with it the peak of other cryptocurrencies will now fall in the spring of 2022. 

Like almost everything in the crypto market, this is not guaranteed. However, historical data and long-term price analyzes indicate this development. So if you are planning to make money with cryptocurrencies in 2022 and believe in a massive increase in the next few months, you should grab it now.

2. Sell when everyone is euphoric!

“If everyone is afraid, be greedy! If everyone is greedy, be fearful! ” This truism has been true for financial markets for decades, and it is particularly true of the crypto market. If the big parabolic rally starts, the hype about cryptocurrencies will rise immeasurably in 2022. Thousands of new beginners will flock to the market and do massive shopping.

If these people are all greedy, take a deep breath and consider taking your winnings. If you have bought in time, you should have multiplied your invested assets. Make clear price targets for which you should sell certain amounts of cryptocurrencies! With a bit of luck, you'll have high returns before the inevitable crash hits.

3. Re-invest in the bear market with dollar cost average!

The Bitcoin Peak has always been followed by a massive crash that initiates the next long-term bear market. During this time, there will be an extremely high level of frustration for the average investor. However, since you have taken your winnings with you, you can look forward to the bear market in a relaxed manner.

When the bear market comes in 2022, you should reinvest some of your profits in cryptocurrencies. A good strategy, especially in a bear market, is dollar-cost average (DCA). This allows you to invest a certain amount of FIAT currency in Bitcoin or other coins at certain predetermined intervals (weekly, monthly, etc.). This is how you can accumulate cryptocurrencies cheaply until the next bull market. Then you could have a powerful portfolio in 4-5 years.

CAUTION! Nobody can predict the crypto market with certainty. You are responsible for your own finances and should only invest what you are ready to lose completely. These tips are pure suggestions and not financial advice!

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