With ferocious market volatility and huge drops in price, the time to buy crypto has never been so inviting.
This article is not intended to downplay the damage that the coronavirus has caused to our families, our jobs, or indeed to our society as a whole. The devastation this pathogen has brought to our lives continues to put strain on our emotions, our income and the stability of our local and global economies.
Now that the serious stuff is out of the way, let’s focus on how cryptocurrency can be the silver lining in this terrible situation.
The events of 2020 that have already come to pass have had a huge impact on cryptocurrency; none more than the outbreak of COVID-19. Here, we will present 3 key factors that reveal this to be a very interesting and exciting time for first-time investors.
#1 The Price Drop
The low prices of cryptocurrencies at the moment creates an opportunity for those who are just beginning their journey into investment. While it is true that the sudden plummet of Bitcoin and all crypto was a deep concern for those who have millions already invested, if you are looking to buy cryptocurrency for the first time, these tokens may now be priced within your budget.
Contrary to the beliefs of many, this crisis will pass in time, and when it does, the markets will recover. This means that 2020 has been incredibly kind to crypto buyers. The bounce back of these digital assets is likely to be dramatic, and investors could see the value of their portfolio multiply many times overnight.
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Wire Transfer, Bank Transfer
Full regulations list:
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Credit Card, Debit Card, Visa, Bitcoin
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.