While galloping inflation has resulted in a drop in the price of cryptocurrencies, many specialists paradoxically believe that the time is excellent to invest.
Laurent Pignot, analyst at Zonebourse, explains in particular that he is “Always interesting to get into a bitcoin that is down 70% versus a bitcoin that is at $69,000 in full euphoria. Historically it is better to buy panic than areas of bullish euphoria”. (source)
But in practice, when we look for an investment for our savings or when we want to diversify our portfolio of assets, we are constantly torn between:
- The frustration of missing out on an investment opportunity, especially given the many options available;
- The constant fear of losing the invested money after a bear market.
Result: we don’t dare to start, we get discouraged and we never know what is the right decision to make.
Hence the interest in French innovation Simple crypto : this “new generation” digital financial advisor that democratizes access to crypto investments.
A simple, reliable, secure tool approved by the financial authorities.
“CryptoSimple’s mission? To make smart crypto investing easy, cheap and accessible to everyone.” Victor Metzger, co-founder of CryptoSimple
“Safer” investments thanks to the “Dollar Cost Averaging” (DCA) method
DCA is a prudent strategy that limits risks to the maximum: the total amount is invested in small increments over time.
By avoiding investing everything at once, it will thus be possible to take advantage of market downturns without risking too much capital at a given time.
Victor Metzger emphasizes:
“This method helps offset any negative effect on an investment caused by short-term market volatility. So if the price of an asset falls during the time you’re averaging, you can profit if the price rises.”
It is thus possible to acquire cryptocurrency:
- WITHOUT messing with market timing (a notoriously difficult job!);
- WITHOUT risking inadvertently using all your funds to invest “a lump sum” at a peak.
Choose an affordable amount and invest regularly
It doesn’t matter the price of the assets: the key is to buy regularly. This has the potential to “average out” the cost of purchases over time and reduce the overall effect of a sudden price drop on a given purchase.
Additionally, if prices decline, DCA buy orders may continue to be issued, as expected, with the potential to realize returns as prices recover.
A simple and intuitive platform aimed at the largest number
As the name suggests, CryptoSimple was specifically designed to be…simple.
It is therefore suitable for all crypto-curious and all crypto-curious who:
Have neither the time nor desire to become financial analysts
Reading and analyzing the market, using trading platforms and creating investment strategies are therefore outside the average scope of what a normal person has learned or wants to learn.
Don’t want a “gas factory” full of useless features
The most popular financial apps (Revolut, Coinbase, Crypto.com) are constantly adding new features. So much so that they have become far too complex for ordinary mortals.
Contrary to this practice, CryptoSimple offers a number of apps that provide financial services to ordinary people.
Want to grow at their own pace
CryptoSimple also provides gateways to other apps to keep more experienced investors happy as well.
In fact, the app suite will soon include apps for investment, DeFi, savings, services, benefits and business. Each app will be dedicated to a specific target audience and will have specific features.
So there will never be an overload of functions or boring handling of unnecessary information.
“No more steep learning curves, different types of “exchanges” or “wallets”! We offer our users an experience as smooth as with their usual banking application.”
State-of-the-art expertise to optimize every investment
Did you know that less than 1% of people who invest in cryptocurrency have an investment advisor? But when it comes to their regular portfolio, almost 1 in 5 Europeans are accompanied.
It is therefore urgent to educate and support all those who want to invest in cryptocurrency!
The need is all the greater as this market is particularly complex and opaque to all people who do not have solid prior knowledge.
CryptoSimple therefore makes it possible to take advantage of advice from trusted financial experts, all accredited and to fully master all the intricacies of the crypto market.
- With a few clicks it is possible to get:
- Solid and reliable financial advice;
- Sustainable and effective tools and strategies;
- A tailored strategy;
A transparent investment process including a complete risk tolerance questionnaire, optimal linkage to the various portfolio categories, healthy portfolio diversification and an advisory service available at all times.
5 safety guarantees that make all the difference
- The French start-up is regulated as a PSAN (digital asset service provider) by the AMF (Financial Markets Authority).
- CryptoSimple is one of the first applications using DeFi to be regulated in the world and the 24th in France.
- Funds are deposited and withdrawn in fiat currency (originally Euro) to comply with the laws of the user’s country.
- The app provides an easy reporting mechanism for taxes and accounts.
- There are no hidden costs (zero application fees, deposit fees, etc.).
Focus on the first proposed application: CryptoSimple Invest
CryptoSimple Invest delivers investment portfolios (conservative, moderate and aggressive) of cryptoassets. These are created by a team of experts in consulting and financial analysis around DeFi and crypto.
The app guides each user through a quick process to understand their risk profile and needs, thereby recommending an appropriate investment amount and handling all transactions for the person.
“Our goal: that the next time a friend or family member asks you what is the best way to invest in cryptocurrency, you will naturally answer CryptoSimple.”
About the Dream Team
François-Julien ALCARAZ (President and R&D Director), Axel Gillino (Product Director), Dorian RAVAUTE (Legal Director, PhD in taxation & blockchain) and Victor METZGER (Director of Marketing) has been involved in the crypto industry for a long time.
They got the idea for the CryptoSimple concept from their own experiences: their friends and families constantly asked them how to invest.
“It’s no secret that the cryptocurrency industry is still a murky and complex thing to this day. And while it’s easy for some, many still need to be accompanied to start investing in this latest cutting-edge industry.”
In March 2021, they therefore launched CryptoSimple, the first user-friendly digital financial advisor for ordinary people who want to take advantage of the possible gains of cryptocurrency. A few months later, in July, the startup completed an initial fundraising of €140,000.
Today, CryptoSimple is rolling out in Europe, where the software complies with anti-money laundering regulations. It is also managed under the auspices of a company certified as a provider of digital assets (PSAN) and financial investment advice (CIF).
To know more
Website : https://www.cryptosimple.app/en
Warning: This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.