How to Invest Crypto When Bearish for Beginners 2022

how to calculate crypto profit

Crypto investment must start by knowing how first. So, we can carry out crypto investment activities safely.

Well, the author has summarized some important things for those of you who are beginners in the world of crypto investment in 2022.

Today more and more people are looking to invest in Bitcoin for the potential to generate market-beating returns.

This article will discuss investing crypto in Bitcoin for beginners 2022, reviews the top trading platforms on the market, and highlights how you can invest in Bitcoin today with the tightest spreads.

Also read: Tips for Learning Crypto Investment for Big Profits!

Crypto Investment Ways For Beginners

You have to know how to invest. So, there are no wrong decisions in investing.

There are a number of things that need to be considered before we start investing in crypto assets.

Anything? Let's see!

Choose the Best Crypto Investment Wallet

Crypto Investment
Indodax

First, you need to choose crypto assets buying and selling platform Trusted. For Indonesia, you can see from a legal standpoint whether it has been registered with Bappebti or not yet.

If so, you need to create an account in the application. There are many options open for crypto investment wallets.

In Indonesia itself, there are several platforms for buying and selling crypto assets that have been registered or not. As among them, Indodax, Doors and Tokocyrpto. Apart from that, there are also other options such as Binance.

According to CoinMarketCap, Binance is the largest cryptocurrency exchange in the world that did over $22.6bn in trading volume over the past 24 hours.

Binance stands apart from many of its competitors thanks to its wide asset selection, as users can trade in more than 500 crypto assets, including altcoins, ERC-20 tokens.

Start Buying and Investing Crypto

How to Buy VCG at Indodax
Illustration

This wallet makes it possible to buy crypto with a debit card. Usually you can choose between different cryptocurrencies, such as Bitcoin and Ethereum.

Each crypto asset has a different price. However, most exchanges allow buying coin fractions, which is much more affordable for novice investors.

For your information, VCGamers has also launched a crypto asset called $VCG Token. This crypto asset has been listed on Indodax, BitMart, Pancakeswap and Uniswap. Currently, VCG Tokens is also the medium of exchange in the first metaverse in Indonesia, RansVerse.

Also read:
How to Buy $VCG Token on Indodax
How to Buy $VCG Token on Pancakeswap
How to Deposit $VCG Token to BitMart
How to Buy $VCG Token on Uniswap

Store Cryptocurrency in Wallet

Crypto Investment
Indodax

After you buy one unit of crypto, it will be added to the wallet. Not the real wallet, of course, but the virtual wallet you will receive when you open an account with the exchange. The wallet will store codes for all cryptocurrencies.

There are software wallets and hardware wallets. Software wallets are simply software programs that store crypto. You need it for active trading, and you'll usually get it when you open an account on an exchange.

Hardware wallets are physical devices that store crypto. It looks like a USB drive, and is more secure than a software wallet, but it's not necessary unless you're buying mostly crypto.

Good Fundamentals

Binance
Binance

Before investing in cryptocurrency, it is important to know the type. There are many types of cryptocurrency systems that you can invest in. Bitcoin is arguably the grandfather of all cryptos.

It has been around for over 10 years and is the largest cryptocurrency system in the world, with a market capitalization of around $128 billion. Here are some other cryptocurrencies you can buy:

Bitcoins

Bitcoin is a great starting place for any beginner. Every currency exchange supports Bitcoin, which means you will know what you are buying. Bitcoin is simply a form of digital money. You can use it as a means of exchanging currency and value, which gives it a competitive advantage.

ETH

ETH it's a cryptocurrency, but its main focus is buying apps without having to pay a middleman (in other words, bypassing the Apple Store).

Cardano

This cryptocurrency is primarily used to store personal data. An alternative to Ethereum, more energy efficient and therefore cheaper.

It's easy to jump on the bandwagon just because someone said it was a worthy investment. However, you should do your own research. When investing in crypto, know that it has zero intrinsic value.

Instead, it represents ownership of digital assets. The price is determined solely by the public's perception of its value, so you have to believe in the value of the cryptocurrency you choose to invest in.

How did you develop this belief? By doing your own research. Do the work by reading the white paper and gain an understanding of which cryptocurrencies may increase in value in the future before making an investment decision.

Also read: Binance Partners with the Brazilian Football Confederation

Is Crypto a Good Investment?

crypto whitepaper illustration
Crypto Whitepapers

You now have a pretty good understanding of cryptocurrencies. Now you may be asking yourself, “Are cryptocurrencies a good investment?”

Cryptocurrencies are high-risk investments because, as previously mentioned, they are volatile assets.

The following scenarios may occur in cryptocurrencies. Let's say you buy several units of Bitcoin. When everyone started buying cryptocurrencies, the value of every crypto unit increased sharply. But remember: crypto is a volatile asset, and its value can go down as fast as it goes up.

Also read: What is Crypto Asset? Check out the Full Review!

But it is difficult to determine the right time to sell your holdings. Timing the stock market is hard enough, but it's even harder to time a volatile market.

Crypto investments can plummet in value in just a few days or even hours. If you don't sell units in a timely manner.

Crypto article by PINTU


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