Bitcoin crash: the perfect time to enter the market!
Wanted to enter the crypto market, but thought you missed the boat? It’s not too late since the market has completely collapsed since the beginning of the month. Today the price is around 50% off its high of $68,789. The crypto queen took a slap of -30% in one month to reach below the $35,000 mark on January 22, 2022. On that cursed day, 300,000 traders were liquidated for a total loss of $1.10 billion. .
#Bitcoin : 1.10 billion dollars evaporated in 24 hours on futures contracts #crypto pic.twitter.com/uQdDcyw1bR
— Laurent Pignot (@PignotLaurent) January 22, 2022
The reasons for the fall?
The reasons are varied and very smart will be able to tell if one has had more effect than the others: political crisis in Kazakstan (one of the main minor countries), fall in American technological stocks, supervision of advertising for platforms of trade in many countries, American reserve which proposes stricter rules, but also the Russian federal bank which proposed the prohibition of payments and investments in cryptocurrencies. A wind of panic started to blow and on Twitter the hashtag #cryptocrash was in trend, but we also saw the hashtag #JeVendsTout especially with people who have recently entered cryptos and who had a hard time resisting the pressure.
Me right now 😎 hodler ✊.#btc #cryptocrash pic.twitter.com/Ief3GGzhKr
— Crypto News (@CryptoNews_CB) January 22, 2022
It’s time to jump on the train!
However, after a slap of -50% on his portfolio, the last thing to do is to sell. Instead, you have to hold on while waiting for the recovery… Too bad for them, that’s more cheap Bitcoins for you! Because that’s what it’s all about here: with Bitcoin this low, it’s the perfect opportunity to jump on the bandwagon. Admittedly, the price can still fall, but if it goes up by 25% overnight and 40% over a week, it will already be too late! 2022 will be a great year for cryptos, even if we can say that it starts rather badly: between play-to-earn games, DeFi, Polkadot parachains, the revival of Ethereum or 3rd generation blockchains , cryptocurrencies have a bright future ahead of them…
Where to buy your cryptocurrencies in 2022?
If you already have experience in the stock market, eToro seems to be a good destination to acquire cryptocurrencies without really taking your head: as it is CFD (or contract for difference), you have nothing to to manage. Just let your investment sleep while waiting to sell. But if you are interested in blockchain technology and you really want to own cryptos to make transfers or purchases, the best thing is to trust the French company Coinhouse. Not just a simple buy and sell site, Coinhouse offers investment advice based on your funds and the risk you are willing to take.
At the house of Coinhouse you can keep your investments, keep up to date with the market and buy/sell your Bitcoins or Ethereum in just a few clicks, but also high-potential cryptocurrencies such as Cardano, Solana or Polkadot. To register, simply send a photocopy of an identity document and credit your account by bank transfer or credit card. The commissions are fixed, low and the retention of your cryptos is free.
