The critical stage that cryptocurrencies are going through has caused great controversy between their followers and those who disapprove of this digital market since they consider it without support. Visit at: https://www.bitcoinsmarter.de/
Many have been the artists of the entertainment medium, as well as athletes and prominent business people who have made public statements regarding the use and adoption of cryptocurrencies, specifically Bitcoin, as a new form of money.
Many are the followers of these celebrities who today question the benefit of investing in cryptocurrencies; if users, in general, have lost these artists and athletes must have also failed.
The question also arises if it was just advertising. Ultimately they do not believe in what digital currencies represent for the financial market.
So far this year, the losses from cryptographic investments have been millions only those quite complex scenarios have arisen for their development; it seems that every economic measure that originates in the world negatively affects cryptocurrencies.
A passing fever
Although the public followers of cryptocurrencies keep their distance without expressing any opinion, financial debates are continually generated around them regarding the downward trend of Bitcoin and the crash that led many to bankruptcy with investments in Luna.
We are in a phase where many professional investors suggest waiting and not making any investment or movement with the cryptocurrencies stored in the wallets because there are many risks.
In a bearish phase, the purchase of assets is always recommended; in this case, it could be an excellent time to acquire cryptocurrencies due to their low price, waiting for a comeback that benefits the initial investments.
The volatility of digital currencies has called into question the opinions of Bitcoin followers, who have no choice but to wait for a change in trend that allows them to confirm their attachment to this type of investment.
Many may consider it a phase that can end and generate the long-awaited rebound. Still, later the fall may be more resounding, which is why cryptocurrencies are considered risky digital financial instruments, but they can vary unexpectedly and radically.
There is no definitive scheme that allows its users to define the changes that are coming; what does exist is an analysis that allows determining that the bearish phases always end in a corrective phase that later goes up, only that it is not known how much it can last the latter.
Risks involved in investing in Bitcoin
The positive aspects that cryptocurrencies bring with them are many. Still, it is enough for the volatility to come out so that it can overshadow the various qualities they have.
Although opinions such as KristalinaGeorgieva, managing director of the IMF, indicate that the volatility and risks experienced by Terra should not cause investors to panic since there are instruments that have demonstrated their ability to increase their value and positioning.
Although there is a strong possibility that cryptocurrencies themselves are risky digital assets like any other financial asset, misleading advertising can also be a crucial element in the process of attracting new users.
Given this situation, organizations such as the Securities Market Commission, after the vulnerable position that digital assets are going through, have considered it pertinent that advertising campaigns on cryptocurrencies be authorized at least ten days before publication.
So that potential future users are clear that the market situation that Bitcoin and other digital currencies are going through is being reflected in a clear, balanced way and without misleading advertising.
In case any financial investment is risky, it is important to evaluate that the stock and investment markets are highly volatile, demand and supply are constantly developing, and it is a market that does not stop and can have good and bad streaks.
The constant evolution of the prices of cryptocurrencies during the past year has been entirely different during 2022, which leads many users who used their savings for digital investments to significant losses.
How to blame an influencer or person from the entertainment and sports environment for the valuations of cryptocurrencies for the simple fact of being a possible user or follower of them.
Conclusion
Cryptocurrencies are often compared to elements of digital investment where only brave investors are the ones who can stay in this volatile market since they are those that carry out cautious operations that allow them to maintain a margin of loss without affecting their initial capital.
It is where the main secret of investments lies.
