The year 2022 turned out to be challenging for the cryptocurrency market. The market collapsed in spring and pulled all crypto asset prices down, starting the bearish trend. It is typically for the crypto market to live through cycles when prices move up and down, creating bear or bull tendencies. Those trends always replace one another, allowing investors to capitalize on those market changes.
Even though the market is down today, it is still worth buying cryptocurrency, and here are the reasons why:
- The next market trend is expected to be bullish, and many experts believe it may start in 2023;
- Buying coins at their bottom allows them to make enormous profits when the market goes up.
It is recommended to invest in coins with the largest market cap; for example, pairs like BTC EUR are available on all crypto platforms. Also, investors recommend buying coins with middle capitalization because they are more sensitive to market trends and easier to skyrocket when the market moves up.
Before you decide to buy cryptocurrency, do your own research. For that purpose, analyze the project’s technology, applications, use cases, and real benefits. It is worth investing in valuable projects that have demand among investors. For example, pick Solana, Cardano, Polkadot, etc.
How to Buy Cryptocurrencies?
When you buy crypto assets for the first time, you need to use fiat money. The option to buy and sell cryptocurrency is available on regulated exchanges only. For example, you may use the WhiteBIT platform that officially operates in Europe and has a license. To buy digital coins, you should register and pass verification. Then you may use the WhiteBIT converter to convert, for example, BTC EUR instantly and receive coins in your account in a matter of seconds. You may also convert crypto to fiat and cash out your funds when needed.