Every beginning is complicated, that is why it is always suggested that before investing, we must prepare ourselves and know at least the most fundamental aspects of a financial market; it does not mean that we are experts, only that a little general knowledge will allow us to understand market easier.
There are several ways to invest in CRYPTOCURRENCIES like this trading app; only choosing the most appropriate for our investor profile is essential to evaluate various aspects and know what we are willing to lose.
One of the best years that Bitcoin and cryptocurrencies have had was 2021 when its market capitalization reached values never seen before. As a result, many followers and users began to use digital finance and protect their circulating assets.
So much has been the impact of cryptocurrencies that their use and operation have been considered normal in many media, from purchases in the supermarket to the acquisition of goods and services, even those that require significant capital, such as real estate operations.
How do I know if I should invest?
It is essential to know when you want to start investing since it is a critical factor for many people faced with the need and despair of having an additional income.
Cryptocurrencies are not investments that are taken lightly; the market must be carefully analyzed before investing, where technical and fundamental analysis are the main instruments that will allow us to evaluate the scenario in which we are going to invest.
Cryptocurrencies may be volatile, and investments must be made promptly to obtain higher returns; it is suggested to make long-term investments, considering BITCOIN as a refuge asset.
Beginners and experts are always looking for the best strategies or options to invest safely and profitably; only in such a new financial market not all possible ways of doing so are disclosed.
The best projects to invest
The main option will always be Bitcoin, not only because of the leadership it has achieved but also because of its stability amid so much volatility and, of course, its high valuation.
With these indicators, although it may seem complex, many other projects below Bitcoin offer significant returns that, although they do not have the same weight as this leading cryptocurrency, have characteristics that can make you earn big.
Bitcoin: It hurts to be a good option both at a retail and corporate level. However, its value is currently low; there is no doubt that it will enter a corrective phase where its price will reach new all-time highs.
It should be noted that if Bitcoin goes down or up, the trend will expand to the rest of the digital currencies.
Ethereum: it is the second cryptocurrency with the largest market capitalization, where its strength is smart contracts, where large corporations are investing in this technology, its value may reach or exceed Bitcoin.
Another essential aspect to consider when investing with Ethereum is the base platform for NFTs that point to being a great option in the future.
Solana: Following in the footsteps of Ethereum concerning intelligent contracts can be considered another investment option as it offers a scalability approach, not to mention that transaction fees are much cheaper.
Cardano:It is known as the cryptographic option for developing countries. Its main objective is to offer digital currency services under the blockchain platform, maintaining a proposal in favor of the ecosystem and the environment during the mining process.
Some proposals to not take too much risk
The risks that digital currencies have could be considered a little more vulnerable than those of traditional investments, but this does not make them impossible, which is why some of the most frequent options are presented below when it comes to reducing risks.
Investing in ETFs is one of the options offered after the entry of cryptocurrencies through Bitcoin to the Stock Exchange, where investors usually have little capital trading funds based on Bitcoin.
On the other hand, there is the purchase of Bitcoin, where the capital is stored pending the best moments of the digital currency.
There is also cryptocurrency trading, wherewith a minimum capital of $10; you can start operations, where traders usually make profits in both uptrends and downtrends.
Financial investments require analysis and preparation; decapitalization in this type of investment is usually caused by emotions since the desire for wealth and greed betray the investor’s money.