What coins do investors buy during the crisis?
Crypto investors buy bitcoins at discounted prices
Bitcoin will become the main investment tool during the crisis
American crypto enthusiasts invest in altcoins
International consortium of news organizations developing transparency standards.
The crisis is not only a period of economic stagnation and decline. It is also a time of new opportunities. Today, stocks, bonds, precious metals, commodities and cryptocurrencies are at their lowest levels and are likely to fall even further in the near future. This is the right moment to buy assets that can bring good dividends in the future..
After the fall of the stock market and the decline in the price of oil, cryptocurrencies and precious metals, in particular, gold, began to be seen as the main investment assets that are still capable of generating profits. This idea was supported by the CEO of the Kraken cryptocurrency exchange Jesse Powell, who emphasized that the collapse of the cryptocurrency market is a great time to buy Bitcoin and other cryptocurrencies at discounted prices..
BeInCrypto asked representatives of exchanges and traders what coins are most often bought by investors during the crisis.
Maria Stankevich, Business Development Director, EXMO cryptocurrency exchange:
“The period of the global economic crisis is the time of the sale of assets. For example, we saw high activity from sellers when the cryptocurrency market crashed. And this phenomenon was quite predictable. Cryptocurrencies are a special class of investment instruments. I would compare it to a convertible or a yacht. They are bought only in the best times, when there is free money, and sold first when a crisis occurs. Therefore, what we call a “sale” happened. Crypto assets began to be dumped on the market. But at the same time, we saw something else: the purchase of coins by investors. In particular, the main coin that is being looked at is bitcoin..
I would recommend investing in bitcoin as the main cryptocurrency asset. And I will also share my observation. Investors are also interested in hype coins. For example, dogecoin, which, apart from the cute avatar with a dog from the meme, has no special value. Nevertheless, investors buy it and just keep it in their portfolio “.
Cyrus Kelevra, trader:
“I believe in bitcoin and keep all my savings in this cryptocurrency. The crisis period is a great time to purchase coins at a discounted price. I am sure that by May Bitcoin will win back its positions and reach the $ 10,000 mark per share “.
As for Western investors, they also bet on bitcoin and some altcoins such as Cardano and Monero..
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
Nothing in common: gold and bitcoin are completely uncorrelated CONTENTS Gold is the only defensive asset Bitcoin has shown full uncorrelation…
More than $ 100 million invested in the European version of ETP for bitcoin CONTENTS The volume of assets under management of ETP for bitcoin exceeded $ 100 million…
Correlation of BTC and gold has reached a record level Bitcoin shows a stable correlation with gold The price of bitcoin collapsed after prices fell by…
The fall of the BTC to $ 10,000 led to the liquidation of futures for $ 40 million. CONTENTS The fall in the price of the BTC led to the liquidation of futures on the CME….
PayPal has officially allowed buying cryptocurrency CONTENT PayPal customers will be able to pay for services and goods using cryptocurrencies in 2021…