March 28, 2024

Why is now the best time to invest in Bitcoin?

Why is now the best time to invest in Bitcoin?

CEO of analytics platform CryptoQuant Ki Young Joo believes it is time to “go all in” oninvestments in the main cryptocurrency.As an argument, the analyst cites a metric that indicates a sharp decline in stablecoins stored on crypto-exchanges in relation to the bitcoins available on the platforms.

Ki Yong Joo is confident that this indicates the readiness of bitcoin and altcoins for the next stage of growth, writes RBC Crypto.

Ki Yong Joo also claims that fewer peoplesell stablecoins, and more and more people are purchasing them for fiat money to buy cryptocurrency. The head of CryptoQuant sees this as an optimistic signal for investors.

Last week, Ki Yeon Joo pointed outan indicator that, according to him, allows you to buy Bitcoin at the “global bottom” price. He named a way to buy the main cryptocurrency at a minimum cost during a pullback.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Why is now the best time to invest in Bitcoin?

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