Dmitry Golubovsky, an analyst from the company Golden Coin House, warns that when investing in cryptocurrency, you can face risks when converting it into “real” money and logistics. In his interview with 360 TV channel, encouraged to wander to the most reliable digital currencies.
The expert stated that the easiest way to sell and buy without intermediaries is Bitcoin and Ethereum. In addition, Golubovsky added that these currencies show high liquidity despite periodic fluctuations.
“You have to accept the idea that the prices of these digital assets can change significantly in a very short period of time,” he warned. – They often become more expensive – this is a fact. You will most likely make money from them. But this requires strong nerves. Because you have to endure great ups and downs.”
Analysts say that you do not need to constantly monitor rates when buying Bitcoin and Ethereum; He believes that it is better to stick to and follow a long-term strategy. According to him, now is the perfect time to buy cryptocurrencies as they are expected to grow from next year.
Golubovsky added that investments in other, less popular projects can also be profitable. As an example, he cited Pavel Durov’s currency TON, whose price increased due to the new services offered by Telegram.
“We need to monitor the project, what is happening there. Such project currencies can skyrocket very quickly. But they may collapse so much that they will never get back up again,” the analyst noted.
Let us remind you that Russia’s largest mining operator is BitRiver. offered to accept mining industry. It is expected that this will allow the regulation of the activities of mining enterprises and the establishment of correct taxation in this area.
Previously reportedHe said Russian cryptocurrency users are facing a wave of hacker attacks.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.