As the trading and investing legends have taught us, it is time to get greedy even when other people are afraid. It is time to take a dip in Bitcoin and other crypto currencies.
Doing so has never been easier – it is now possible to buy crypto in just a tap using the award-winning PrimeXBT smartphone app. The app has an easy-to-use crypto buying feature. Here are the steps to make it happen.
The Bitcoin Crash Restores the Price to 2017 Levels
It happened. Bitcoin’s price plummeted from 2021’s highs to its 2017 highs. The risk-reward ratio is too high after four years worth of price action being erased in just a few months.
Many top altcoins saw a significant drop in price due to the unwinding of their leverage. The result: a cryptocurrency market that was in panic, with Bitcoin falling 75% off its all-time highs.
Recession fears and inflation concerns Global tensions are risingThese factors have caused a particularly bearish stretch for cryptocurrencies as well as the stock market. A contributing factor was the tightened Fed policy. The selloff was a resetting for traders and investors, with no signs of a recession.
What happens when the downtrend ends?
To make quick profits with cryptocurrencies, you should buy low and sell high. The price swings of crypto are particularly powerful because it is such a volatile asset. Price swings are especially powerful because crypto is a volatile speculative asset. BitcoinTrades should not be able to ignore the trend, no matter what its direction.
Bitcoin’s last nine months have been on a downtrend. However, it has not been able to surpass $20,000 in the past 9 months. Bitcoin is now working towards establishing support for former resistance. A potential bullish test is in the works, and there are many technical and on-chain indicators that indicate this. Bitcoin is overpriced and undervaluedThe time is right to purchase the dip.
PrimeXBT is an award winning app that allows you to buy BTC, USDT or USDC in just a few clicks. With the app, anyone who wants to maximise returns on their investments can either buy crypto immediately or do dollar cost averaging. The bank-grade security infrastructure makes sure that all digital assets remain safe and sound in cold storage over the long term.
Get The Dip with PrimeXBT: Short Guide
This is an overview of how you can buy cryptocurrency using PrimeXBT’s mobile app on iOS and Android.
Step 1. Download the app
To buy crypto using the PrimeXBT app, first, download the app if you haven’t already done so. You can download the app via either the Google Play Store or Apple App Store.
Step 2: Register Or Log In
Follow the steps to register or log in. Pick a four-digit number and toggle on/off biometric authentication via Face ID, Touch ID, etc.
Step 3: Return to The Home Page
Go to the Home page, where you will find the wallets. Click on the desired cryptocurrency wallet to make your purchase.
Step 4: Purchase Crypto
To view the details of the commissions, tap the Buy Crypto button. Click Buy Now!
So you bought crypto. Now what? PrimeXBT – Trade
The app automatically deposits any cryptocurrencies purchased using it into the PrimeXBT wallet account where the purchase was made. The built-in currency exchange tool allows traders to exchange one cryptocurrency for the other.
Users can use a verified deposit to either hold digital assets or to access any of the numerous cryptocurrency-based services and products the platform offers. There are long and short positions available on over a dozen coins. 100 Trading InstrumentsPassive investing tools, Weekly competitions and the Covesting Copy Trading Module.
PrimeXBT’s app allows users to access all the tools they need, including the ability to follow traders, manage strategies, and more. One of the many unique advantages that PrimeXBT offers is buying crypto.
Summary: The time to buy the dip is running out
Bitcoin won’t trade at these prices for very long. Once the trending top cryptocurrency begins to rise, then you’ll either have bought the dip again or been forced FOMO (Fear of Missing Out) at even higher prices.
Which one will it be, you ask? Buy crypto nowPrimeXBT is your best option.