Is Crypto Investment Still a Good Idea?

23 Nov 2022 06:50 am, by YorkshireSquare

The cryptocurrency market is working differently than traditional markets. All the matter is control. In the case of conventional currencies, their emission and prices are controlled by the government and central banks. That is, if needed, an additional amount of coins can be issued. Regarding crypto assets, neither central banks nor states can control their emission. So crypto rates change under other circumstances, such as:

  • Competition in the crypto market
  • Regulatory restrictions
  • Demand and supply balance
  • The total emission of coins programmed during the development of a crypto project
  • The market trend.
The year of 2022 turned out to be a year of crypto decline. In spring, the market collapsed, and all crypto rates dropped. However, the market always lives through stages of ups and downs. And the next wave is supposed to be upward - the bull market trend.

Buying crypto on the market drop is the best decision. In this way, you will make a profit when the market boosts, which will definitely happen when the new trend starts. The main goal is to be patient and analyze the trends and external factors that can affect the crypto field. It includes inflation, the world economic situation, the overall ability of people to invest, crisis, wars, etc. So it is definitely a good idea to invest in crypto in 2022 and 2023 and hold coins until the market changes its trend. It may happen in 2023 or later.

Where to Buy Coin Crypto

When you plan buying crypto, you should take care of the safety of your coins. Where will you store them until the market changes? We recommend using the WhiteBIT platform. It is a reliable and versatile cryptocurrency exchange that will ensure the safety of your funds and propose numerous instruments for trading as well as passive income options. Suppose you bought some ETH or SOL coins. There are five options:

  • You can store them in the cryptocurrency exchange
  • You can move them to portative storage (ledger)
  • You can stake them and make passive income on WhiteBIT.
Learn more about crypto lending on the WhiteBIT blog. Also, you will find many interesting articles and guides that will be useful in your investment practice.