- 2021 Investors based in the USA alone were able to generate 47 billion US dollars last year by trading Bitcoin and Co.
- According to Statista.com, a total of around 163 billion US dollars in profit was generated from trading cryptocurrencies in 2021, 130 billion US dollars more than in 2020.
- In addition to the top dog Bitcoin, there are an estimated 18,000 different cryptocurrencies, but none are based on the same technology. Similarly, yes, the same, no.
- Binance Coin (BNB) is currently trading at €381.00
- Tezos (XTZ) has 743.862.304 XTZ in circulation at the time of this article
- Chainlink (LINK) circulating offer of 467,009,550 LINK Coins (as of May. 2022)
- Also for 2022 the developments are good, interesting currencies LBLOCK, ApeCoin & DEFC
- LBLOCK is the fastest growing cryptocurrency in history
- DEFC offers passive income opportunities
- To invest you need a broker or an exchange, as well as possibly a wallet
- eToro: is the best and most beginner-friendly broker with a solid selection of altcoins and alternative offers
- Capital.com: offers the largest selection of alt-coins and has very low fees
- A wallet that is much more secure, for example, offers eToro. We show more wallet options.
After this brief overview, we will now go into more detail about investment strategies, alt-coins and the investment process.
Attention to the topic reached its peak when, at the turn of the year from 2017 to 2018, the Bitcoin price shot to unexpected heights. Every day, the topic dominated the headlines. However, since the prices of crypto currencies on the stock exchanges have fallen sharply, many investors are uncertain.
For example, is a Bitcoin investment still worthwhile? Or is the technology itself dying? Which investment strategy still makes sense at the moment? And how big is the risk really?
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The Bitcoin bubble was a bubble as it is written in the textbook. Within a very short time, the course shot to astronomical heights. As a result, the excitement was great. With every headline about the great financial miracle, investors flocked to the market in new droves.
Then the wind turned and prices began to fall. In the hope that the next upswing would have to follow soon, many held on to their facilities. This was followed by skepticism, fear and finally disgust.
More and more investors were ceding their investments. Those who had been lured by the hype had suffered heavy losses. As short as some had decided to invest, they now withdrew from the investments as quickly as they were beaten.
Meanwhile, the Bitcoin price is still well above the price before the hype. There is still a lot of room for improvement. Will it soon be uphill again? Or has the descent not yet reached its end? This is what investors who hope for great things from a long-term investment in crypto currencies have to ask themselves.
- Great technological potential
- Decentralized, digital currencies that bypass the middleman (financial institutions such as banks)
- Promising applications in economics and finance
- Accessibility: Investors from all over the world can invest in cryptocurrency
- Enormous growth possible
- New investment options strengthen investment security
- Many blockchain venture capital funds invest in new startups
- Investor scene is seriously unsettled
- Dubious companies harm the market
- Too little regulation and protection by financial supervisory authorities
Our new DeFi crypto recommendation: Lucky Block
- Decentralized blockchain platform for lotteries
- Innovative project in the lottery sector
- Higher chances of winning than traditional lotteries
- Fastest crypto reaching a market cap of $1 billion
If you have decided to invest in crypto currencies, there are various options available. Basically, investors who invest in the existing largest crypto currencies can only benefit from their price increase. There are no dividends and interest for these currencies.
The first question that arises in this context is that of the investment strategy: How to invest in cryptocurrencies? And with how much capital should you invest? Basically, you can invest in crypto both in the short and long term, both have advantages and disadvantages.
First step: Register with a broker or crypto exchange
First, you register with your broker or crypto exchange of choice. To buy crypto currencies, we use the broker eToro, as this offers the advantage that you can buy both real crypto currencies and CFDs – i.e. combine the advantages of a broker and an exchange.
First, we click the link to sign up for eToro:
In the form we enter username, e-mail and password and accept the terms and conditions:
We will be automatically redirected to our own eToro dashboard without any independent intervention to switch a page. Still quite empty, of course, but that changes as soon as you actively invest. Then the platform will present you with the most relevant information for you immediately after logging in. Second step: Top up your account
The next step is to top up our account with money in order to be able to buy cryptocurrencies. To do this, we click in the left sidebar, the blue “Deposit button”:
Then click on the button “Deposit” to deposit the amount. Other payment methods for our test winner eToro:
In our example, we show the purchase with credit card. eToro also offers other ways to deposit:Third step: Buy cryptocurrencies
