Cryptocurrencies: which ones to buy and how to do it from Argentina

This has led, for example, Bitcoin, was worth $ 14,000 a year ago, in April 2021 it will exceed $ 64,000 and currently, after a fall that took them to $ 41,000, it is around $ 55,000.

According to several specialists, this cryptocurrency is expected to pass $ 60,000 in value in October and continue to grow. Some are even encouraged to place it near $ 100,000 although this is unlikely for others and they see that value in a more distant future.

In Argentina there are several applications that allow you to buy this and other cryptocurrencies.

What other cryptocurrencies with a future are there

There are several cryptocurrencies, in addition to Bitcoin, which are highly valued and that specialists see an important possibility of growth. All of them are worth much less than Bitcoin.

The second most important cryptocurrency is Ethereum.

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Ethereum is the second most important of the cryptocurrencies and can be bought from Argentina

The Ethereum record occurred in the first days of September and that it was higher than 4,000 dollars and then fell to 2,700. It is currently trading at around 3,500 and is expected to reach $ 5,000 in the coming months.

According to specialists, other cryptocurrencies with great growth potential are Solana, Cardano and Polkadot.

Tips when buying cryptocurrencies

The most important thing to keep in mind is that cryptocurrencies have great volatility. For example, Solana, which this Wednesday was trading at $ 144, a week ago it was at $ 166, but ten days ago it was worth $ 120. Which means that not all people are going to earn a lot of money in a very short time.

In this sense, there are two very different types of cryptocurrency buyers. There are those who do treading. It is the riskiest way to trade crypto.

The “treaders” are those people who specialize in finance and who study the movements of each cryptocurrency to know when to sell or when to buy. As with stocks on the stock market, they are not always right.

Being specialists, they do not keep their resources long in a cryptocurrency, but buy and sell according to their analysis charts. If they don’t get it right, they can lose money. If they get it right, you can earn big daily dividends.

Then there are the “holders”. This category is the most suitable for newbies who try to trade cryptocurrencies without doing much analysis..

Doing “holdeo” consists of investing in one or more cryptocurrencies for a long time and looking for the profit obtained after several months or years.

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Holdear or treading, the way to distinguish buyers of Bitcoin and other cryptocurrencies in Argentina and in the rest of the world

Holdear or treading, the way to distinguish the buyers of Bitcoin and other cryptocurrencies in Argentina and in the rest of the world

For example, people who bought Bitcoin in 2015 and kept them until this Wednesday made a hold that reported profits since in October 2015, bitcoin was worth around $ 330 and today it is around $ 55,000. Here patience is important.

There are other very important points when it comes to investing in cryptocurrencies. Since the system is so volatile, it is convenient to use only the money that is left over and that does not compromise the personsince you can’t always win.

The last and that in the world of cryptocurrencies is almost like an unwritten law: “It is bought on the rumor and sold with the news already confirmed.” That is, given the novelty that comes in a crypto, most buy before the fact is confirmed and there they get their profits.

How to buy cryptocurrencies from Argentina

In Argentina there are several applications to buy cryptocurrencies. Some of the best known are Buenbit, Ripio and Bitso, although there are also others such as: CryptoMarket and ArgenBTC.

All of them operate with various cryptocurrencies but not necessarily with the same ones.

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Buying bitcoin and other cryptocurrencies is very easy

Buying bitcoin and other cryptocurrencies is very easy

Some of the cryptocurrencies that can be purchased from these sites in Argentina are:

  • Bitcoin
  • Ethereum
  • Solana
  • Litecoin
  • Dodgecoin
  • DAI
  • Polkadot
  • Binance Coin
  • USD Coin
  • Axie Infinity
  • Smooth Love Potion
  • Chainlink

To register in these sites in Argentina you must prove identity through photos of the documents and other checks requested by each of the systems.

Identity is deemed valid within 1 to 5 days, depending on the site.

Once the identity is confirmed, one can transfer money from his bank account to his personal account in the chosen application and then choose which cryptocurrency he wants to buy.

One point to keep in mind is that to buy Bitcoin you do not have to have $ 55,000, but you can buy a fraction of Bitcoin. The same goes for all other cryptos. Some of the applications even allow you to buy with only 100 Argentine pesos and get a small portion of Bitcoin or any other cryptocurrency.

Once you want to sell your cryptos, what you do is, through the same application, return them to pesos or dollars and then transfer your money to your own bank account.

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