5 Questions to Consider Before You Buy Crypto in 2023

1. Do you have an emergency fund?
2. Are you in it for the long term?
3. Will your cryptocurrency be part of a diversified portfolio?
4. Do you have a plan?
5. Do you understand the risks?
Here are some uncomfortable truths about crypto investing:
Cryptocurrency prices are extremely volatile. Prices could fall dramatically in a matter of weeks, and may not return to their former highs.
Individual cryptocurrencies could fail. If a crypto you own collapses or turns out to be a scam, you could lose everything.
Crypto exchanges and platforms can fail. If the crypto exchange you use declares bankruptcy, you may not be able to get your money back, as there are few consumer protections in place.

We don't know what will happen to cryptocurrency prices in 2023. Increased regulation is on the horizon, which will likely cause near term volatility even if it strengthens crypto's foundations for the longer term. The current crypto winter shows no sign of thawing, and prices could stay low for some time to come.
If you decide to buy, don't do it because you're hoping to profit from a similar rally to the one we saw in 2021. Do it because you understand blockchain and what it might be able to do in the future. And even then, follow the golden rule of crypto investing and only invest money you can afford to lose.
$Bitcoin(BTC.CC)$ $Ethereum(ETH.CC)$ $Dogecoin(DOGE.CC)$ $Coinbase(COIN.US)$ $Robinhood(HOOD.US)$ $Nasdaq Composite Index(.IXIC.US)$ $XRP(XRP.CC)$ $FarmaTrust(FTT.CC)$ $EOS(EOS.CC)$