This Monday, September 20, the price of the main cryptocurrencies fell between 5 and 10%.
Although the price drop seems daunting, Investors hold on to cryptocurrencies like Bitcoin, Ether and ADA and intensify the spirit of “hodling,” which in bitcoin jargon refers to holding or holding (in English) reserves of digital assets.
In other words, investors have a strong interest in not selling major cryptocurrencies like Bitcoin and Ether, while betting on a further rally. In addition, they not only do not sell but also take advantage of the fall to buy cheaper cryptocurrencies.
This trend can be seen in the hash rate, the network processing measure. According to official information from the Blockchain site, the hash rate is going up, which means that the number of transactions on the blockchain network has grown. In other words, cryptocurrency trading increased in the last 24 hours.
One of the cases that resonated was that of Nayib bukele, the president of El Salvador, the first country to approve Bitcoin as legal tender. This morning, he announced the purchase of 150 Bitcoins and gave a curious presidential advice: “They can never beat you if you buy on the downside.”https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH0sInRmd190ZWFtX2hvbGRiYWNrXzExOTI5Ijp7ImJ1Y2tldCI6InByb2R1Y3Rpb24iLCJ2ZXJzaW9uIjo3fX0%3D&frame=false&hideCard=false&hideThread=false&id=1439821189279625217&lang=en&origin=https%3A%2F%2Foicanadian.com%2Fbitcoin-and-ether-fall-but-it-is-a-good-time-to-invest-cheap%2F&sessionId=ec80476ef25cf6ad3ee34406f6b55bbeb187e5db&theme=light&widgetsVersion=1890d59c%3A1627936082797&width=550px
Along these lines, investors not only decide to accumulate Bitcoin but also other cryptocurrencies. The most popular in the ecosystem – and also the ones that fell the most – are ADA and Ether, two digital assets that, according to market analysts, have a high long-term growth projection but are cheap today.
Next, how much Bitcoin, ADA and Ether are trading at; where they are obtained and how does the cryptocurrency purchase and sale operations work in Argentina.
Bitcoin was the first cryptocurrency in the entire crypto ecosystem and It emerged in 2009, after the subprime crisis in 2008.
His goal was remove banks from the economic equation, eliminate commissions, preserve privacy and facilitate payments between people.
This digital currency is based on open source software called blockchain or chain of blocks, in Spanish. This chain of blocks is a technology created by hardware known as “miners”, who solve complex mathematical problems to participate in the network.
In the last 24 hours, its price fell around 7% and is around US $ 43,000.https://widget.coinlib.io/widget?type=chart&theme=light&coin_id=859&pref_coin_id=1505
Where to buy Bitcoin? Exchange houses such as Binance, OKEx, Bitso, Buenbit, Huobi Global, among others, allow users to buy the popular cryptocurrency.
Ether is a digital asset that can be traded between peers and was created to facilitate payments from Ethereum applications, the smart contract network that supports it.
In the last 24 hours, the cryptocurrency fell 9% and its value is around US $ 3,078.https://widget.coinlib.io/widget?type=chart&theme=light&coin_id=145&pref_coin_id=1505
Where to buy Ether? The main means of exchange for Ether are Binance, OKEx, Bitso, Buenbit, among others.
Cardano’s cryptocurrency, the blockchain platform, was designed to ensure that owners can participate in the operation of the network.
Crypto token owners can intervene of any changes in the software, such as adding functions or new protocols.
One of the most popular use cases is the possibility of developing smart contracts, aspiring to become the leading blockchain to offer these services.
Its price fell 9% in the last hours and is around $ 2.14.https://widget.coinlib.io/widget?type=chart&theme=light&coin_id=122882&pref_coin_id=1505
Where to buy ADA? It is possible to buy it cheaply on platforms such as Binance, OKEx, Bitso, Buenbit, among others.
How to buy cryptocurrencies like Bitcoin, Ether and ADA in Argentina
One of the most popular methods of buying cryptocurrencies is through the person to person trade – known in English by its acronym p2p.
The main digital exchanges that offer it are Binance, Bitso, Localbitcoins, Paxful, among others.
These companies generally offer the full procurement service. It is possible to buy, sell (in particular, trade) and store the acquired cryptocurrencies safely under private keys.
To access the p2p market, the platforms offer users the possibility to publish their portfolio of digital assets and put them up for sale for a certain price.
Once they find a buyer, they agree to make the transaction through the publication. The last step is to exchange Argentine pesos for cryptocurrencies and confirm the transaction.
When both parties successfully confirm the exchange of Argentine pesos, the digital asset is released to the buyer.
In this type of person-to-person operations, The platforms retain the seller’s Bitcoin or cryptocurrencies until the seller confirms that the buyer made the payment and then releases them for the buyer to receive their cryptocurrencies.
If there is any difficulty or attempted scam, a dispute is opened and the platform reaches a resolution. SOURCE https://oicanadian.com/bitcoin-and-ether-fall-but-it-is-a-good-time-to-invest-cheap/