We all love entertainment—some of us more than others. Movies are one of the art forms that unite a lot of us. This is why we took the time to check more than 100 websites like 123moviesto bring you the best of them. These sites provide usonline access toTV series and movies in high definition (HD quality).
If you wanted movies in the past, 123movies was one of the most popular go-to places. However, after it wasshut down, this wasn’tpossible any longer. A lot of 123movies proxy sites have come up to replace the original site, but these are no longer working as well. Afew of them that arestill working, but are ridden with ads and pop-ups, making them unbearable to use.
It is common to find ads and pop ups on movie sites. A few of them even have malicious codes embedded in these pop ups. You might find yourself mistakenly clicking on some of them and unknowingly downloading malicious files into your computer.
Some movie sites will open new tabs on your browserthat force you to view spam websites. The problem with this is that some harmful processes may start running in the background of your PCwithout your knowledge. Not all free movie sites are safe. Some of them can cause severe damage to your device.
To protect yourself and your device, be sure you have a good antivirus engine installed on your computer alongside a VPN tool. The best VPN service will keep you safe from unsolicited ads and the antivirus will protect your system in the event of a malicious code sneaking through the cracks.
Disclaimer: The websites featured in this article are not promoted by or affiliated with Traqq. Some of these sites may not have permission to distribute or release copyrighted material. As such, it may be illegal to stream or download movies, documentaries, and TV series on them. Traqq does not promote or endorse streaming or downloading copyrighted materials illegally. This article is for educational purposes only.
MoviesJoy is the new kid in the block. It is one of the websites like 123movies.to that has absolutely no ads and pop ups. Taking a tour through this website will reveal a huge collection of TV series and movies that you can watch online for free without registration.
One of the amazing things about this platform is the constant movie updates. Movies are released regularly, keeping the database filled with fresh and interesting entertainment. This makes it a good place to findmovies you might be looking for.
This is one of the few movie sites that offer you such a wonderful collection for free without commercial ads.
Each movie has details attached to it to give you an idea of what it’s all about. These details include IMDB rating, genre, duration, video quality, among many others. It is one of the most comprehensive platforms to download movies, especially if you don’t have any particular movie in mind and need help deciding what to watch. The details make it easy to choose.
Amazon Prime is a 123movies alternative you should definitely try out. Whether you are looking for movies, TV series, songs, or books, this website is home! It has a high-quality streaming service with a well-designed user interface that is ad-free. The website offers you a free delivery facility that allows you to enjoy fast access to thousandsof titles. This is in addition to the amazing entertainment you will be getting.It saves you a lot of money on shopping when accessing award winning TV shows, movies, songs, and prime populars.
Amazon Prime is among the best there is for movies, books, and song lovers. You can take advantage of their 30-day free trial service. If you like what you see, you can then subscribe to the service at $12.99/month. You can cancel your subscription anytime you wish.
Vumoo is a great website for those who already have something in mind that they want to watch. If you already know the movie you’re looking for, then you will find their database useful. It’s one of the few free moviestreaming sites out there with zero pop-ups. It has a few ads but they’re not as disruptive or annoying as pop-ups. Vumoo doesn’t require registration details before you can use it. You don’t need to provide your email address, credit card details, and name. Simply load the website and search for what you want. What’s more, it’s completely free.
Although the site does not have a filter to categorize searches into genre, IMDB rating, year of release, and country, you can click on a movie thumbnail to see details about any movie you are interested in. You also get to enjoy good video quality on this platform. The downside is that it does not specify the video quality. This means that you cannot know if the video quality is in HD, CAM, etc. However, with such an immense movie database updated regularly with the newest movies and TV series, you will find Vumoo enjoyable.
YesMovies has an organized and feature-rich user interface. Movies and TV series are categorized into genres, country,IMDB ranking, etc. With more than five streaming servers at your disposal, it offers a smooth and experience for watching TV series and movies online. It has no in-video commercials and you don’t have to register to enjoy the HD quality videos that abound on this site.
You can enjoy a wide array of movie genres, including romance, adventure, crime, and action, among many others. The database is regularly updated with the newest release, which makes it easy to find what you are looking for.
One thing to avoid is the “Stream in HD” and “Download in HD” buttons. They will take you away from the site and are only there to mislead you. So, do not click them.
If you love watching movies from a specific country, then you can simply go to the country section where you will find a list of countries from which to choose. The countries include Japan, China, Korea, France, Asia, Europe, among many others. Click the country and you will have a list of movies from that region made available to you.
To stream a movie, select the movie image and click on the play button. Click again on the play button and wait for it to redirect you to another window. Close this new window and return to the original window from where you should click on the play button again for the third time. You can now relax and enjoy your movie as it begins streaming.
The downside to this website is that it has pop-ups that keep coming up even if you are using an ad blocker extension.
WatchFree gives you free access to stream HD quality movies and TV series online. Do not bother with the green registration button, you don’t need to click it. The site offers easy navigation making it easy to find what you are looking for in its large library. You will find popular movies, newly released, top-rated movies, and many others among its impressive collection.
The homepage provides details to help you find HD movies, the top-rated movies of all time, latest releases, and TV series.
If you are looking for any specific genre, simply go to the Genre section and choose what you want. This section includes romance, action, fantasy, comedy, crime, biography, history, etc. You can also click on a movie thumbnail to find details on the movie such as synopsis, IMDB rating, cast, etc.
Are you a lover of TV series? If so, you will love this platform. It provides a list of all episodes of a TV series in one place. This means you don’t need to stress yourself trying to find the next episode or season for a particular series. Immediately you click on a specific TV series, WatchFree will list out the entire seasons and series for you.
You will find this site enjoyable. Don’t take my word for it though, try it out and see for yourself.
Crackle is a website much like Netflix, Amazon Prime, and Hulu. It offers a vast collection of movies that you can stream for free in addition to exclusive movies that you can only find on Crackle. If you want to view the exclusive movies, you have to register/sign up. It is a paradise for fans of TV shows and movies.
It has an amazing user interface, smooth streaming, and seamless navigation features. Indeed, it is one of the best sites for streaming both original movie content and free movie content.
Another great thing about Crackle is the regular movie and TV show updates. It is always fresh with new, original, and exclusive movies that you can find only on Crackle. Its free movies section is also regularly updated, making it a great place for movie fans who do not have enough money to spend on subscriptions.
Crackle has millions of new members registering and joining the site each month. You should give it a try!
Yify TV or Ymoviesis a torrent site that offers an amazing collection of free movies that you can stream online and download without registration or sign up. That’s right! You can download movies fromthis website as well. It was designed exclusively for movies. This makes it one of the best places to surf for TV shows online.
It is easy to find the movie you are looking for with the advanced search bar. In addition to this, the website categorizes movies into genre and year of release. The homepage offers a list of popular tags that you can use to explore your movie tastes.
There are ads and pop-ups, but you don’t need to worry about them. Simply activate your ad blocker extension and it’ll take care of it.
On Yify TV, you will find a movie collection ranging from the 1900s down to the current year. The details of each movie are listed alongside the torrent link. It is a safe site if you are looking for a place to download movies into your device without streaming them.
Many netizens consider Putlocker to be one of the leading 123Movies alternatives, especially since the two streaming sites share several similarities. For one, these streaming platforms both have a gray and green color scheme along with a minimalist design. So, you’ll still feel at home if you decide to switch from 123Movies to Putlocker. Aside from that, the latter does not contain too many ads that may annoy you while you stream content.
What you’ll find on Putlocker are thousands of TV shows and movies, which you can access from anywhere in the world. You’ll also appreciate how the search bar can be found right in the middle of the homepage. Of course, this makes it easier for you to look for the content you want to watch. In terms of streaming quality, you won’t be disappointed with Putlocker. Its online media player is among the best in its class.
Pop-up ads and click redirects can easily ruin anyone’s experience on streaming sites. Now, if you also find ads distracting and annoying, you will find GoStream a good 123Movies alternative. You will be delighted to know that this site lets you stream movies for free without dealing with the usual irritating ads. Of course, there are still links that redirect to sponsored sites. However, you can always use an adblocker as a workaround for this.
Now, when it comes to options, you’ll be spoilt for choice when you choose GoStream. Its comprehensive library features a range of childhood classics, blockbusters, and even film noir. Indeed, any movie buff will find something they’d like to watch on this site. What’s more, GoStream regularly updates its collections. So, you can always expect to see something new on this platform. You won’t have any trouble choosing what to watch if you haven’t decided yet. After all, the titles can be filtered according to the number of views, genre, and IMDB ranking.
Any list of alternative sites for 123Movies won’t be complete without mentioning FMovies. If you’re after fresh releases, this streaming platform is one of the best options for you. It has had a reputation for featuring the latest movies and episodes of TV shows in excellent quality. Aside from that, you’ll appreciate how you can control the site’s movie player using keyboard shortcuts. For instance, if you want to pause the stream, you can press your spacebar. Now, if you want to switch to full-screen mode or exit it, you can hit the F Key. Moreover, if you want to immediately go re-watch a scene you find interesting, you can press the J Key. Doing so will let the video go 60 seconds back.
Another great thing about FMovies is its user-friendly interface. You can easily find the content you want by filtering results according to the genre, country of origin, and IMDB rating. If you’re getting bombarded by annoying pop-ups, you can use a VPN connection to keep your viewing experience uninterrupted.
When you land on SolarMovie’s homepage, you will feel like you’re on one of the premium streaming sites like Netflix, Hulu, or Amazon Prime. Its design is quite polished yet its interface remains user-friendly. You don’t need to go through a tedious registration process just to watch your favorite movies. All you need to do is type the title of the content you want to stream into its search bar. Click on the video thumbnail and start watching right away. What’s more, every video on this site comes with an IMDB rating, synopsis, and other details that will help you decide which ones to play. Aside from that, SolarMovies will show you similar content based on the video you’re currently watching
.When you visit SolarMovies, you can expect better and faster search options and results. Moreover, the TV shows and movies on this platform can be streamed in HD quality. The loading speed of the videos won’t disappoint you. The best part is you can enjoy all this for free and without registering for an account.
There are many reasons why GOmovies is considered to be one of the best 123Movies alternative sites. You’ll find videos from various genres, including action movies, horror flicks, biographies, sci-fi, and even talk shows. If you register for an account, you can even request for specific content to be added to the site. What’s more, it is quite easy to search for titles to watch on this streaming platform. You can just type the video title into the search bar in the middle.
If you haven’t decided on what to watch, you can choose content based on the featured categories. For instance, if you stick to a certain genre, you can filter the results according to your preference. Now, if you like watching movies that film critics have rated, then you can search based on IMDB ranking. Even so, what stands out is the Country category. You can browse movies from over 90 countries, which is quite impressive.
Most people think that streaming videos or movies online is quite simple. However, what they don’t know is that their device is sending sensitive information to the site’s server. Without a properly protected connection, they’re exposing their activity and details to third-party sites and even cybercriminals. If their network gets hacked, their passwords and financial information may get stolen. Naturally, it only makes sense that anyone who’s always online must use a VPN. Here are some of the ways this technology can bring benefits to you:
Your Internet Service Provider (ISP) can track your streaming activities and location. Now, with a VPN service, you can encrypt all the data that goes in and through your device. What’s more, it will switch your server to any location in the world and prevent your ISP from tracking your activity and the sources of your Internet traffic.
Unfortunately, your location significantly determines the content you are able to access and view, especially in terms of live TV. Most programs and channels block certain countries and regions. However, you can use a VPN to use a server from another location. This can be especially useful if you stream sports news or events in real-time.
Please check out an interesting article that covers from A-Z this topic. Pay with crypto to safely stream and watch movies and TV shows.
Movies are a great way to relax after a long day’s work. However, don’t get carried away and forget that your time is important as well. Make sure to manage your time properly and strike a balance between relaxation and other aspects of your life. We hope this article has been able to provide you with good alternatives for 123movies. Keep in mind that there are many fake 123movies sites out there. These clone sites contain malicious codes and viruses that can harm your device. In addition to avoiding such clone sites, you should have a strong antivirus installed in your system to keep you safe.
Use Kyrrex crypto wallet to pay for streaming online movies and TV shows.
Tether is perhaps the third most important cryptocurrency after Bitcoin and Ether. It's a stablecoin so it's relatively stable, unlike BTC and other crypto whose values fluctuate, sometimes wildly, from one minute to the next.
Tether is better known as USDT and is the main on-ramp and off-ramp currency in the crypto market. People who want to buy Bitcoin, Ether or some other coin, usually buy USDT first.
Although there are other stablecoin challengers like BUSD, USDC and DAI, tether endures as the leading collateralized stablecoin on the market.
For this reason, there are numerous ways to buy Tether instantly. You can buy USDT with fiat or another cryptocurrency. You can buy Tether on basically every major cryptocurrency exchange on the market. You can even buy Tether offline through P2P. Here, we gather some of the best ways to instantly buy Tether.
Let's begin with where you can buy Tether (USDT)
You can buy Tether with credit card or other means on every major cryptocurrency exchange. If you hold a popular cryptocurrency, you can look for its pair with tether on a centralized or decentralized exchange and swap it for USDT.
Because of its importance to crypto, Tether is the most common coin for pairing with other cryptocurrencies.
Here are some exchanges where you can buy USDT instantly and use it to buy other cryptocurrencies:
You can also buy Tether on-ledger on supported blockchain networks. For example, if you wish to use tether on the Ethereum or Solana network, you can go to a decentralized exchange like Uniswap or Raydium and buy ERC20- or SPL-compatible USDT.
Once you've allocated the funds or crypto to buy tether with, the next step is to make the purchase. These pointers will guide you on how to do so.
If you want to buy USDT instantly, you need a platform. That's where cryptocurrency exchanges come in. It is important to choose the right exchange that will let you buy Tether online with your preferred method.
You shouldn't rush to create an account on the first crypto exchange you come across. There are so many of them and they vary in terms of ease of use and the features they offer. Your location should also be considered before you plump for an exchange.
Several exchanges have been under the spotlight in various parts of the world for possible regulatory infractions. If you're big on AML compliance, you should consider buying your USDT and making trades on exchanges like Kyrrex.
On a centralized exchange, you need to open an account and get verified before you can buy Tether. On a decentralized exchange like Uniswap, you can skip verification.
Once you're ready to buy Tether online, you can accomplish this through several methods. Let's talk about each one.
You can convert another cryptocurrency to Tether easily through an exchange. You just need to make sure the exchange you're using supports the USDT pair with the cryptocurrency you hold. Examples of popular crypto coins with Tether pairs are BTC, ETH, SOL, KRRX, BNB, AVAX, LTC, XLM, LINK, MATIC and DOT.
If your favorite exchange doesn't have a USDT pair in your crypto, first convert your coin to another coin that has a USDT pair, then convert the new coin to USDT.
You can directly buy Tether with fiat money. Fiat money is any currency like the pound, euro and dollar that is backed by a government and issued by a central bank.
You can easily and conveniently convert traditional money to USDT on a cryptocurrency exchange. Just navigate to the appropriate section of the platform and initiate a "Buy" transaction for Tether. Choose the buying method you want and confirm your choice. Note that the options to buy USDT will vary depending on your country of residence.
That said, there are several ways to buy USDT with fiat money. Let's talk about the most common methods:
You can easily buy USDT with credit card on Kyrrex and other exchanges that support this feature. Most platforms support using cards from Visa and MasterCard.
This method also works for buying USDT with debit card as well.
You can also buy USDT with direct deposits from your local bank account. Again, this feature is only available in certain countries and regions. If this is your preferred method to buy crypto, consider whether a cryptocurrency exchange supports the option before signing up.
Once you've acquired your shiny new Tether coins, there are a number of things you can do with it. You have several ways to productively use your USDT on an exchange like Kyrrex.
As mentioned before, USDT is the most common pair for cryptocurrencies. You can use it to buy whichever popular cryptocurrency you're after.
On Kyrrex, simply go to Spot and exchange USDT with the cryptocurrency you want.
If you want to be more conservative with your investments, you can use your Tether holdings to earn passive income by earning interest on it.
On Kyrrex, you can lock your crypto into a savings program and earn interest just like you would with money in a bank. Simply go to Earn, choose your asset (USDT), select the contract term you like, choose the interest type, and click Create. Next, enter the amount of USDT you want to save. Once you've confirmed your savings, your USDT will start earning interest for you.
Ten years ago, cryptocurrency was a niche concern that most people ignored. Now, everyone is angling for a bite of the cake. Governments are thinking of ways to impose regulations and tax the industry. Venture capital has plowed in billions of dollars in expectations of big returns down the line. Various big and small outlets have added crypto to their payment systems.
Colleges and universities have also got in on the act, as crypto continues to grow in recognition and acceptance. For a long time, the involvement of educational institutions in crypto wasn't always salutary. Criminal organizations that attacked school networks often demanded that the universities pay the ransom in crypto. In many instances, the affected schools complied to get their networks restored quickly.
Now, this is changing. With better security protocols in place to protect schools from crypto-demanding hackers, attention has turned to the more positive roles and uses of blockchain technology in education.
In this article, we outline several ways crypto and blockchain technology is transforming interactions between universities and students and donors.
It is worthwhile to situate the growing use of crypto in schools within the overall social trend. In recent years, crypto adoption has grown among the public, with the largest segment of new converts being young consumers. According to a CNBC report, 20% of US consumers have used cryptocurrency in some form. Another report by Ypulse found that 28% of the 13-39 age demographic have bought at least one crypto token. A sister report discovered that interest among that age group in non fungible tokens or NFTs peaked at 38%.
This increased attention to crypto isn't reflected in the industry's financial standing at the moment. Because of the global recession and implosion of some big players, the total capitalization of cryptocurrencies has shrinked from a peak of $3 trillion in November 2021 to just over $800 billion one year later.
Given the current gloomy climate, one might wonder why universities would want to have anything to do with crypto. Yet, research has clearly shown that tertiary colleges continue to utilize the technology in ways that benefit them. Let's look at 3 of these ways.
Schools and colleges are getting more flexible in tuition payment options for local and international students. Some have included cryptocurrency in their list of accepted mediums of payment. Lucerne University of Applied Sciences in Switzerland has been accepting bitcoin for tuition payments since 2017. Bentley University, a private school in Massachusetts has partnered with cryptocurrency exchange Coinbase to accept tuition payments in bitcoin, ethereum and USD Coin.
Some universities restrict cryptocurrency payments for tuition to certain courses, perhaps as a test run for a schoolwide implementation. The Wharton School of the University of Pennsylvania stated that enrollees to its education online certificate program in Economics of Blockchain and Digital Assets can pay program fees with cryptocurrency.
These schools recognize that paying tuition with crypto is easier, faster and cheaper compared to traditional payment methods. And as school admissions become more diverse because of the upsurge in international applications, cryptocurrency is an inexpensive method to democratize payments. By letting non-local students pay using bitcoin, universities can receive payments on time and avoid the multi-day delays synonymous with cross-border payments.
Cryptocurrency is very volatile and universities must find solutions that safeguard the value of tuition received via digital currency. Each crypto-accepting institution deals with this differently. Some, like the University of Nicosia in Cyprus, immediately change the crypto into fiat.
As crypto adoption among schools keeps growing, one imagines consensus will gravitate towards a more stable cryptocurrency like USD Coin (USDC) as the cryptocurrency of choice for tuition payments.
More and more gifts and donations are being paid in digital currency, not just to universities, but to donation-eligible organizations at large. Fidelity Charitable, the largest grant-maker in the US, received $331m in cryptocurrency donations.
Cryptocurrency gifts to universities have continued to grow since Blockchain.com founder Nicholas Cary made a donation of 14.5 bitcoin to the University of Puget Sound, his alma mater, in 2014. In 2018, the developers of the cryptocurrency EOS donated $3m worth of the coin to Virginia Tech, to aid in blockchain teaching and research.
Ripple co-founder Larsen and his wife Lyna Lam went even further in 2019. They donated $25m in XRD, Ripple's native token, to San Francisco State University. Also in 2019, Nikolai Mushegian donated $4.2m in Maker (MKR) tokens to Carnegie Mellon University. Vitalik Buterin, perhaps the most significant figure in decentralized finance and the co-founder of the Ethereum blockchain, gave away $9.4m in cryptocurrency donations in November 2022. The money, donated to the University of Maryland, will help to fund research in public health.
Not every donation to colleges and universities come with a name tag. Some donors choose to remain unidentified. For example, in 2021 the Wharton School of the University of Pennsylvania received an anonymous donation in bitcoin worth $5m.
Cryptocurrency opens up an additional avenue for universities to receive gifts. It also makes it easy for donors to donate their digital assets without having to first convert it to digital cash. Plus, reticent members of the public can easily and directly support their favorite educational institutions while maintaining their privacy. Hence, some schools have published instructions on their websites for those who wish to donate with digital tokens.
Non-fungible tokens, or NFTs, are a class of blockchain tokens that stand for real-world artifacts. They are unique identifiers that cannot be replicated, divided or copied. Universities are leveraging this newfangled phenomenon to foster closer ties with alumni or generate funds for research.
The University of California, Berkeley created headlines in June 2022 when it auctioned an NFT for $50,000, with the proceeds going to immunology research. The NFT was inspired by the research of James Allison, a respected immunologist and winner of the 2018 Nobel Prize in physiology or medicine. The school continues to explore other avenues for NFTs.
Institutions that wish to leverage NFTs have no shortage of inspirations to use or history to mine. In August 2022, the University of Miami minted an NFT of the school's football team's 1989 championship win for $10,000. The school has a website where it lists NFTs commemorating the institution's various sporting successes.
Some universities have gone the extra mile to make NFTs more attractive by doing a tie-in with real-world perks like VIP seating at events. Others like Harvard University made it a badge of academic accomplishment. The school announced in May 2022 that each graduate of Harvard College will get a commemorative NFT. Duke University, meanwhile, offers NFT certificates to students who complete a blockchain technology course.
The blockchain revolution is alive and well despite the recent downturn and universities are taking advantage wherever they can. In accepting tuition and donations and making creative use of non-fungible tokens, universities are showing the rest of the world the real-world possibilities of crypto adoption.
Not even the current gloom in the cryptocurrency industry can dampen popular appetite for investments. Hope lives forever, as they say, and after the winter comes the summer. Many people are already buying up their favorite crypto at the current low prices in anticipation of a forthcoming boom.
Before you join the throng and throw in your hard-earned money, you should ask yourself a few questions. Nobody knows for sure when the bulls will come roaring back so it's best to be thoughtful and analytical about what crypto you invest in and how you do so.
Recall that in 2020 and for much of 2021, prices of popular cryptocurrencies soared beyond even the most optimistic forecasts. Thousands of early investors became millionaires as Bitcoin increased 800% to an all-time high of $68,000 in November 2021. Popular altcoins like Ether (ETH), PolkaDot (DOT) and BNB followed suit and everyone was loving it.
If you've paid attention in the crypto space then you should be familiar with what followed next. A cascade of calamities gradually eroded market prospects and investors' confidence. Major events like the global economic downturn and the war in Ukraine led investors to pull out from more volatile investments.
That wasn't all. The crypto world was rocked by several high-profile scandals. Two of them—the collapse of the Terra (LUNA) network, and demise of cryptocurrency exchange FTX—have cost investors billions in losses.
However, it is not all doom and gloom. Industry veterans have noted that things like this have happened before. And each time, the crypto industry bounced back and grew even more. Now, all eyes are on 2023 for a strong rebound.
Many analysts and big investors have marked 2023 as the year to test the crypto waters again. You should ask yourself these questions before you join them.
Thousands of investors put all their money in Terra and Celsius before the former crashed and the latter declared bankruptcy. Thousands more have their life savings trapped in FTX.
Bad idea, Amigos.
Before you jump into crypto, be sure that you won't be financially crippled if things go south. Investment brokers advise to have an emergency fund which is separate from your investment portfolio. In other words, keep enough money in a savings or fixed deposit account first before you make a major investment move.
The world of investing is unpredictable; crypto even more so. Prices can fluctuate up or down against your expectations. A rainy day fund will cushion you against unexpected losses and real-life changes as well.
Imagine having to sell your crypto at 70% loss because you urgently need money. This will rob you of the benefits of the anticipated recovery. If you have emergency funds, you can use those in the meantime instead of selling your assets or taking a loan.
The answer to this question will largely determine your approach towards dramatic dips and Black Swan events. If you're in crypto for quick profits, you will be more inclined to cash in at the first large green candle. In the same vein, you will be more likely to cut your losses at the first sign of trouble. This approach can work with newer altcoins which often enjoy a honeymoon period.
A more long-term perspective will insulate you from making emotional judgements based on momentary market changes. If you believe in crypto and the potentials of blockchain technology, you can handpick individual projects that you believe will perform well in the coming years.
Alternatively, you can stick with the major players like BTC and ETH because of their staying power and room for future growth. Either way, you should conduct in-depth research before you buy your preferred coins and be comfortable with their future yield potential.
There is no doubt that the rise of cryptocurrencies has opened a new investment avenue but it is also fraught with danger. Unlike stocks and treasury bonds, crypto is a relatively unregulated market with lots of bad actors, poorly-managed exchanges, and greater risk of failure.
For this reason, experts recommend making your crypto investments a reasonable part of a diversified portfolio. Rather than going all in, make crypto, at most, 10% of your overall investments. Put the rest of the money in stocks, bonds, real estate, gold, and other less volatile commodities. This way,a prolonged bear market won't make a big dent in your finances.
"Don't put all your eggs in one basket," comes to mind here. Plus, fortune doesn't always favor the brave, no matter what Matt Damon tells you.
A large segment of crypto investors hold coins because of reasons that have little to do with prudent investing. Many invest due to peer pressure, because others are doing the same thing. When Bitcoin and the larger industry went bananas in early 2021, plenty of people bought crypto because of FOMO—fear of missing out. They wanted in on the riches without any idea what they're actually doing. And while some of them got what they wished for, others ended up with bags of devalued crypto as smart investors sold their holdings.
To counter panic selling or buying, you need to have a plan and stick to it. Be clear about your aims in crypto and disciplined when carrying out your plan. Don't let momentary fluctuations sway you from the beaten track. How much are you investing, which coins will you put the money in, and when will you sell off your holdings?
Setting short, medium and long-term investment targets is also crucial. You can plan ahead to sell or buy a certain amount of a coin when it reaches a specific price point. With concrete plans like this, you will make better decisions.
Crypto is like the wild west. The potential rewards are great, but so are the risks. You shouldn't go into any venture without being fully informed about what you stand to gain—or lose. Keep it in mind that, in crypto, you can lose everything.
Whether to buy crypto in 2023 or not should depend a lot on your risk tolerance level. If a 5% drop will set your heartbeat racing, you might be better off investing in less volatile instruments.
There are ways to guard against losses. For example, you can use a regulated crypto exchange with a legal license instead of storing your coins on a shady platform. Studying projects before you invest in them will also help you spot and avoid potential rugs.
After recent setbacks, crypto faces an uncertain future but there are signs that a recovery isn't far off. Governments across the world are now paying more attention and making moves to plug regulatory gaps. This should make the sector more safe for investors who operate on cryptocurrency exchanges.
If you're expecting quick returns, crypto might not be for you right now. Experts project a slow recovery after the bleak 2022 so a 2021-style run is probably out of the question.
Even so, with some savvy research and quick planning, you can spot coins with the potential to yield big gains when the bulls return.