Probably everyone has heard about the growing popularity of cryptocurrency and the recent record set by bitcoin. On January 8, bitcoin set a new price maximum of $ 42,000. Soon after that, there was a market correction and the coin rate fell below $ 31,000. Then bitcoin managed to almost completely win back the fall and its rate rose to $ 40,000. However, on the last day, the coin became cheaper again, according to bit4you price rate, the bitcoin rate fell by 8%, to $ 34,200. Therefore, due to this instability in the cryptocurrency market, the main question nowadays is what to do with crypto assets.
Actually, many crypto analysts say that the correction in the market has been going on for more than a week, but the price rollbacks after approaching the $ 40K level are becoming less significant. According to those analysts, buyers are ready to enter the market at ever-higher levels. Thus, it may be the right time to easily enter the cryptocurrency market and buy bitcoin or other cryptos you want on the Bit4you platform.
Trading or investing?
To begin with, you should take care of the strategy: trade or invest. Regardless of your choice, it’s better to test each of the strategies and then to set your sights on the right one and the most profitable for you. But there are a great number of trading and investing strategies so it would take a lot of money to test each of them. Just for such cases, Bit4you provides its customers with Demo Mode and $100 000 virtual money. Using this, you will have an opportunity to get to know how the crypto market works and then go into live trading with real funds. In other words, Bit4you enables you with supportive-tools that will make your life on the crypto market a bit easier.
A balanced crypto portfolio
There are also over twenty cryptocurrencies presented on Bit4you. So you can buy and exchange all crypto you want. In order to create your balanced crypto portfolio, it’s better to fill it not only with BTC but also other promising coins. Bitcoin should not be considered the only way to invest. In order to have a full understanding of processes on the crypto market, you can get special notifications of the best time when to buy or sell your digital assets. Such notifications are quite useful, aren’t they? It would not be an exaggeration to say that Bit4you provides its customers with the fullest information concerning cryptocurrency prices by its graphs, educational articles, and news from the crypto world. Thus, if you still have doubts, you always have an occasion to check the platform and be sure that making money on cryptocurrency is still possible
Valentina BEREZA, Team bit4you