No one can say for sure what are the cheapest cryptocurrencies to buy, but if you are planning to invest in crypto assets in the coming months, then the seven digital assets are all good options to consider. It's a much higher risk profile," Ives says. The 7 coins mentioned above are the top cheap cryptocurrencies to buy in December 2021, an ideal choice for a long-term investment plan. "From an investment perspective, bitcoin is not for every investor.
And with governments around the world taking a piecemeal approach to regulation, the value of cryptocurrencies still hinges on traders having access to them. In January, the U.K.'s Financial Conduct Authority warned bitcoin investors that they should be " prepared to lose all their money" due to the high risks associated with it. "Bitcoin has definitely gone more from a sci-fi project to something that's not going away," Ives says.īut even with the support from household names like Tesla, bitcoin's value is still prone to massive spikes and slides. In addition to the votes of confidence from PayPal and the like, bitcoin also got a major boost last week when Tesla said in an SEC filing that it was buying $1.5 billion worth of the crypto and that it would begin to accept bitcoin as payment for its products. The key difference between now and three years ago is that bitcoin is being taken seriously by people who had previously been wary of it. The last time the digital token found itself in the midst of a monster rally was in the winter of 2017, and it quickly slumped well below $10,000, where it remained for the better part of the next three years. Prior to its current rally, which started in late 2020, bitcoin had only been above $10,000 for five weeks of its existence.