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Investing in Bitcoins or other cryptos is nerve-wracking. One day the price jumps to an all-time high, the next day it drops dramatically.

Not everyone can withstand that kind of thing and red numbers in the portfolio can get you down (trust me).

I got into Bitcoin in 2018. The big initial hype was there and everyone was talking about it. I got in with €100 at a price of €13,000. Big mistake!

I bought at the absolute high, of course, and over the next few years my investment halved. If I had bought bitcoins regularly via a savings plan, this wouldn't have happened to me and my entry value would have been many times lower.

I personally believe in bitcoin and assumed that the price would rise again. I never sold despite the red numbers.

As of October 2021, my investment has now almost quadrupled.

With that, I want to tell you...

Advantage crypto savings plan

If you believe in cryptocurrencies and the long-term rise, then a crypto savings plan on e.g. Bitcoin is an easy way to avoid the high fluctuations and accumulate more and more cryptocurrencies step by step.

I see Bitcoin, for example, as a lucrative asset class that will still hold many points for entry in the coming years.

Disadvantage of crypto savings plan

If you don't believe in cryptocurrencies, you can just leave it alone. The prices fluctuate strongly. The pressure to sell will be high and in the worst case you sell too early and make losses.

No one knows whether Bitcoin or other cryptocurrencies will have any value at all in the next few years. So a total loss is definitely a probability you have to take.

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ETP is a generic term for exchange-traded products that are based on a certain value.

An ETF is, among other things, an ETP. With ETPs, you don't usually buy the value itself, but only the performance. Since buying real Bitcoin is sometimes a bit complicated, and you really only want to replicate the price development, an ETP is very interesting. You can also simply execute an ETP as a savings plan with your broker.

A crypto savings plan is free of charge. In addition, you can also use normal shares or CFD with Exness swap conditions. All in all, a fully-fledged broker that is absolutely recommended for a Bitcoin savings plan or Ethereum savings plan.

Conclusion: More return only through more risk

With a Bitcoin savings plan, even a relatively small investment per month can pay off. And the risks are also kept within limits. At least as a supplement to your normal ETF savings plan, you should at least consider starting a crypto savings plan if you want to take a somewhat higher risk.

©2022 Apae-BH. Desenvolvido por Sintext.

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