It is time to be greedy when others are intimidated, as instructed by the investing and trading legends before us. Now is the time to buy the decline in bitcoin and other cryptocurrencies.
Doing so has never been this easy – it is now possible to buy crypto in just one tap using the award-winning PrimeXBT smartphone app. Here’s what you need to know about the easy crypto buying feature, along with steps on how to buy crypto using the app.
Bitcoin Crash Brings Price Back to 2017 Levels
The unimaginable happened: the price of bitcoin fell from its 2021 highs to 2017 highs. With four years of price action eroded in a matter of months, the risk versus reward setup is once again becoming too good to pass up. UP.
There was a necessary relaxation of leverage in the crypto market over the past several months, causing the price of many top altcoins to drop by as much as 90%. Bitcoin fell a full 75% from all-time highs, and the result was a crypto market in widespread panic.
Inflation concerns, recession fears, and rising tensions globally This has caused an extraordinary downturn in the cryptocurrency and stock markets. Strict Fed policy was also a contributing factor. But with no bearish appearance yet, the selloff acted as little more than a reset for investors and traders alike in leverage.
What happens when the downtrend ends?
Buying less and buying more is the way to accelerate profits in cryptocurrency. Because crypto is a shockingly volatile speculative asset, price fluctuations are particularly powerful. When Bitcoin Traders are better off going out of the way or risking a tradeoff, regardless of the direction it is trending.
Bitcoin has spent the past nine months on a downward trajectory, but has since failed to break below $20,000 and is working to establish strong support at former resistance. Possible Bullish retest in the making and several on-chain and technical indicators are suggesting Bitcoin is undervalued and oversoldNow is the time to buy the dip.
It is possible to buy BTC, ETH, USDT or USDC in just a few taps using the award-winning PrimeXBT app. Those eager to maximize returns may consider buying crypto or dollar cost averaging right now in position using the app. Bank-grade security infrastructure ensures that all digital assets are kept safe in cold storage for a long time.
Buying Dips With PrimeXBT: A Short Guide
Here is a brief summary of how to buy crypto using the PrimeXBT mobile app for Android and iOS.
Step 1: Download the App
To buy crypto using the PrimeXBT app, first, download the app if you haven’t already. Note: The app is available through the Google Play Store for Android or the Apple App Store for iOS devices.
Step 2: Register or Login
Complete the login steps or registration process. Select a four-digit PIN and toggle biometric authentication on or off using Face ID, Touch ID, or any other tool.
Step 3: Go to home page
Go to the main home page where cryptocurrency wallets are found. Select the cryptocurrency wallet you wish to purchase.
Step 4: Buy Crypto
Tap on the Buy Crypto button, and a window will pop up that explains the respective commission. Fill in the required information, and click Buy Now!
You Bought Crypto, Now What? PrimeXBT. do business with
Cryptocurrencies purchased using the App will be automatically credited to the respective PrimeXBT Wallet account from which the purchase was made. Traders can optionally exchange one type of cryptocurrency for another using the built-in exchange tool.
With a fixed deposit ready to go, users can choose to own or use digital assets to fund a margin trading account or access one of the many cryptocurrency-based products and services that the platform offers. have to present. In addition to long and short positions on more than 100 different trading instrumentsPassive Investment Tools, Weekly Contests and Coving Copy Trading Module.
Using the PrimeXBT app, users can access a full suite of tools to trade, follow other traders, become a strategy manager, and more. Buying crypto is just one of the many competitive advantages offered by the platform.
Summary: Dip buying time is running out
Bitcoin will not trade at these prices for very long. And once the top cryptocurrency resumes and starts trending in an upward direction once again, you will have either bought dips or FOMO will be forced to pull back at much higher prices.
Which would it be? buy crypto now With PrimeXBT, or get stuck chasing the trend when it is already too late.