Sun. Jun 23rd, 2024

Investing in cryptocurrency in 2022 is a practice that is becoming more and more open to the general public. In the year 2022, according to some investors, buying cryptocurrency is more profitable than ever, even more so than in 2021. Nevertheless, this activity remains risky: no one can know which cryptocurrency(s) are intended to take a value and those destined to lose it. How to invest in cryptocurrency without risk in 2022? Is it a good idea? We’ll tell you everything!

How to invest in cryptocurrency in 2022?

How to buy cryptocurrency? In 2021, many platforms will be available on the web to create a virtual wallet. This digital wallet, which takes the form of a sequence of numbers and a secure password called a code, is the place where you store your cryptos.

First, before investing in a platform, you need to plan a commission and fees. Also, learn more about the payment methods available on the website you want to buy from. They can vary from one platform to another! The price of btc spot, the platform’s security, and the responsiveness of customer service are also elements that you must take into account before choosing your platform. 

When you are new to the market, it’s normal that you find yourself confused with so many platforms for investing in cryptos. That’s why you should read brokerage reviews to see what specific brokerages have to offer. Also, prioritize the platforms that offer other investment opportunities like stocks or currency trading. One of these is Trader House, so we suggest reading the Trader House review.

Cryptocurrency in 2022

Some say that the value of Bitcoin should increase by the end of 2022. This cryptocurrency has a limited quantity (21 million Bitcoins only). The difference between supply and demand determines its value. Production (known as “mining”) drops by 50% every four years.

There have been two production cuts altogether in the history of bitcoin ( between 2013 and 2017) that have resulted in a rise in bitcoin price. This is the reason why some say that Bitcoin should increase in value.

In addition, since 2021, Diem (ex-Libra), Facebook’s virtual currency, offers a means of payment accepted by Uber, Whatsapp, Spotify, eBay… Thanks to the Calibra application, a virtual wallet intended to store the Diem, the user can transfer money to another peer via different applications (PayPal in particular).

Focus on learning about the market

You must be ready to lose all your bets in the worst case! Find out beforehand how the cryptocurrency financial markets work, what apps you want to use, and what type of cryptos you want to invest in. If possible, do not hesitate to join an online community (like Reddit or Slack) to exchange with others and learn more about the advantages and disadvantages of investing in cryptocurrency. For example, you can buy cryptocurrencies to store in a virtual safe to resell them after reaching a certain amount.

In what cryptos to invest

It can be very tricky to find the crypto for your next investment since their number increases daily. However, according to experts on the crypto market, you should normally stick to Bitcoin but also invest in altcoins such as Ripple, Etherium, Shiba Inu, Stellar, Cardano, Curve, Algorand.