Wanted to get into the cryptocurrency market, but thought you’d missed the boat? It is not too late as the market has completely tanked since the beginning of the month. Today, the price is around 50% below its high of $68,789. The queen of cryptocurrencies took a -30% slap in the face in a month to get below the $35,000 mark on Jan 22, 2022. On that cursed day, 300,000 traders were liquidated for a total loss of $1.1 billion.
#Bitcoin: $1.1B evaporated in 24 hours in #cryptofutures 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 Kazakhstan (one of the major minor countries), drop in US tech stocks, oversight of advertising for trading platforms in many countries, the US reserve that proposes stricter rules, but also the Russian federal bank that proposed a ban on payments and investments in cryptocurrencies. A wind of panic started to blow and the #cryptocrash hashtag was all the rage on Twitter, but we also saw the hashtag #JeVendsTout especially with people who had recently gotten into crypto and were having a hard time resisting the pressure.
Me right now ? hodler ✊.#btc #cryptocrash pic.twitter.com/Ief3GGzhKr
— Crypto News (@CryptoNews_CB) January 22, 2022
Time to get on the train!
However, after a -50% slap in your portfolio, the last thing to do is sell. Instead you have to hang on while you wait for the recovery… Too bad for them, it’s cheaper Bitcoins for you! Because that’s what it’s all about here: with Bitcoin so low, it’s the perfect opportunity to jump on the bandwagon. It is true that the price can still fall, but if it rises 25% overnight and 40% for a week, it will already be too late! 2022 will be a great year for cryptocurrencies, although we can say that it starts quite 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 losing much of your mind: as it is CFD (or contract for difference), you have nothing to manage. Simply let your investment sleep while you wait to sell. But if you are interested in blockchain technology and really want to own crypto to make transfers or purchases, it is best 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 Coinhouse you can maintain 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.
Coinhouse is a French company that has been operating in the crypto assets sector for 15 years. The interface is clear and everything is done to help you.Some don’t like eToro because if you buy their crypto from them, you can’t transfer it to a wallet, while others like the all-in-one look with the ability to buy commodities and shares on the stock exchange.
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