Buy cryptocurrencies: Investors should definitely pay attention to this in November 2022!|

Buy cryptocurrencies - tips for November

November 2022 brought unexpectedly strong selling pressure to the crypto market. Because the sentiment for many cryptos had actually improved in October. The recovery progressed slowly but surely. But in hindsight, it was again just a bear market rally. The FTX crash brought crypto investors back to earth. Many coins crashed by around 20%, the total crypto market cap fell by over $200 billion.

So it is hardly surprising that many investors are rather hesitant about the situation on the crypto market. The purchase of some coins is currently not necessary. Fear and worry dominate, although the best foundation for long-term wealth accumulation is traditionally laid in the bear market. Those who want to buy cryptocurrencies can also invest in selected projects in November 2022. However, one should not act rashly, but consider basic tips. Buy cryptocurrencies in November 2022? this is important now:

1. Consolidation progresses after FTX crash Bitcoin course

Coingecko’s Bitcoin chart illustrates this notion. Because the liquidity crisis of FTX with the resulting insolvency caused a flash crash that took place at breakneck speed. However, after a massive sell-off, cryptos recovered slightly to sell off short-term recovery gains directly. Since then, the consolidation has progressed, so that not much has really happened in the past two weeks. Investors should bear in mind in November 2022 that we are in a consolidating sideways movement after the crypto market shock. The subsequent reaction remains uncertain.

2. Sound analysis more important than ever

Besides diversification, what can best reduce the risks of a portfolio? A well-founded analysis of the respective assets! However, one should not be deceived. Risks can be skilfully reduced with a comprehensive analysis, but unfortunately cannot be prevented entirely.

Nevertheless, when searching for new coins or analyzing existing cryptos, so-called ?Red Flags? identify items that indicate potential hazards. Here, November 2022 could be ideally suited to individual ?Red Flags? to identify, if they exist, you will simply no longer invest in the respective asset. For the future, this could be the existence of comprehensive proof of reserves for native tokens of the CEX (like FTX and FTT), which guarantee the coverage of customer deposits. If a CEX does not make an effort, the native token can no longer be considered as an investment.

3. Turnaround speculation harbors high risks

Many a crypto investor could come up with the idea of ​​investing in the FTT token, which has fallen sharply, or of betting everything on Solana because of an attractive risk-reward ratio. The native tokens of other centralized exchanges, with the exception of Binance Coins, have sometimes been hit a lot harder. With an appropriate weighting, there is nothing wrong with such turnaround speculation. Nevertheless, crypto investors should be aware of the risks associated with such speculation. At that time, many an investor already grabbed the falling knife at Terra (LUNA), only to see that the investment was then halved again.

4. Crypto presales for diversification

With around 22,000 tokens and coins, according to CoinMarketCap data, the crypto market offers an incredibly large selection. But quite a few of these cryptos are so-called dead coins, which are hardly suitable for an investment. However, things could look different if you invest in new coins that could find favor in the crypto sector in the medium term with a really viable concept.

Two suggestions for more diversification with participation in a crypto presale:

Dash 2 Trade (D2T): The new crypto currency seems to be made for the time after the FTX crash Dash 2 Trade. Because here a multifunctional analysis platform is created to trade even more profitably in the digital currency market. As already shown, the well-founded analysis of tokens and coins is becoming increasingly important. Dash 2 Trade offers a variety of features here, including trading signals, sentiment, social media analysis, ICO scores, on-chain data and much more.

Here to Dash 2 Trade

Impact Project (IMPT): Environmental protection and sustainability are becoming increasingly important. Bet on these megatrends IMPT.io a new cryptocurrency that wants to combine online shopping with emissions trading. At the same time, the tracking and compensation of the ecological footprint should finally be made easier to implement. This is achieved with various platforms that skilfully mesh. An IMPT token currently costs $0.023, in the final phase already $0.028.

Here to IMPT.io

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Coingecko’s Bitcoin chart illustrates this notion. Because the liquidity crisis of FTX with the resulting insolvency caused a flash crash that took place at breakneck speed. However, after a massive sell-off, cryptos recovered slightly to sell off short-term recovery gains directly. Since then, the consolidation has progressed, so that not much has really happened in the past two weeks. Investors should bear in mind in November 2022 that we are in a consolidating sideways movement after the crypto market shock. The subsequent reaction remains uncertain.

Source: https://taketonews.com/buy-cryptocurrencies-investors-should-definitely-pay-attention-to-this-in-november-2022/