Is Crypto the Right Choice For You in 2024?
You may have heard that crypto is off its highs from two years ago. Indeed, the market cap of cryptocurrency went down from close to 2.8 trillion dollars to just above one trillion nowadays.
But is that really a downside? Not necessarily! Ups and downs are a normal part of the life cycle of the financial markets. All assets, including the ones typically perceived as more secure, such as stocks or gold, undergo both upward and downward price changes all the time.
Cryptocurrency is no exception, though one thing makes it special: its high volatility. Being highly volatile, digital assets can drop faster but also climb more quickly, too. Thus, they can shake off periods of weakness a lot more easily than other instruments.
Despite the higher levels of risk associated with this kind of volatility, it also makes crypto tokens quite adaptable. What’s more, thanks to CFD trading, you can potentially profit even from crypto’s weaker periods.
When trading CFDs, you are essentially just betting on how prices will change, either up or down, and can, if you predict the market movements correctly, earn money even when an asset is declining.
As for long-term investment strategies, buying assets during their periods of weakness is usually the way to go. You can save some money this way and then watch comfortably as prices rise, together with the value of your portfolio.
Nevertheless, keep in mind that the cryptocurrency market is extremely volatile. You may potentially expose yourself to losses, especially as a beginner. Always do careful research and limit your investments to what you can afford to lose.
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Opening an Immediate Connect Account: Step-by-Step Guide
Ready to give cryptocurrency trading a go? Simply open an account with us today, so we may find the most compatible brokers for your needs! It’s easy - just follow the steps outlined below:
Step 1. Sign up for Immediate Connect.
To begin trading Bitcoin or other cryptos with us, fill in the registration form above. In addition, you can also sign up from the Homepage directly. All you need to do is add your name and contact information, then submit the registration button. Make sure the info you enter is up to date, as you will need it to complete the next step.
Once you submit the button, our platform will instantly start sifting through our crypto broker database. Finding you a match should only take a few moments. You don’t need to do anything else at this point.
Step 2. Verify Your Account.
We try to keep our system free of bots, which is why our partners verify all new accounts. In addition, the verification process also prevents identity fraud, so it’s in place to protect you, too!
Your assigned broker will give you a call to confirm the info you entered in Step 1. You can also use this opportunity to speak to them and ask them any questions about getting started you may have.
Step 3. Add Funds.
If you like the broker we matched you with and what they have to offer, you can start trading right away. All you need to do is add funds to your account. That’s money you can use to open and close deals, settle with your broker, and so forth. Our partners have set the minimum deposit requirement at 250 USD, but it’s up to you how much you add exactly. Still, we recommend starting off slowly as you learn the ropes.
That’s all there is to it! With money in your account, you can begin trading Bitcoin, Ethereum, or any other asset of your choosing. Remember to plan your budget ahead of time, do market research, and carefully evaluate the risks before committing any funds.