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JOIN OUR CHANNELS As said earlier, the price changes in the value of cryptocurrencies are something everybody has to be aware of and take with a pinch of salt. Currently, there exist no definite models to predict the cost trends of cryptocurrencies so investors should realize that this is an extremely insecure proposal.
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TWEET Spam The price of Bitcoin dropped to around $10,000 in January 2018, almost half of the $20,000 it was worth in December 2017. Many investors became worried at this point and started selling their Bitcoin. This caused the price to fall to around $6,000 in February 2018.
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Or, to put in terms more relatable to an average situation, a mere 1% allocation of a $50k portfolio in 2011 would have yielded… Commodity Indices
SPINS The question, what exchange to use depends mostly where you live. It’s alway better to use an exchange physically close to you. If it is located in the same jurisdiction like you, you have the best chances to get money legally back if some bad things happen. If no exchange is located in your jurisdiction, it is better to use exchanges based in stable countries with a good legal system.
Watch out for Spoofers and market manipulation. Welcome to the wild west, the sheriff is out-of-town, enter the saloon at your own risk. Spoofing caused the flash crash of 2010 in the regulated stock market, and that happens times 10 in crypto. A too-good-to-be-true price spike or dip is often the work of either market manipulators, bots, or both. Know what to avoid and what to look for by reading our article on cryptocurrency and spoofing.
This news might not come as much of a surprise, however, as the number of first-time investors into the cryptocurrency space during the holiday season’s ‘bubble phase’ has been well-documented. Many of those who jumped aboard the bitcoin bandwagon in December have since gotten rekt and shaken out of the market.
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Regulatory & Legal Maecenas-ART IOTA News LiteCoin Gold-LTG "Putting money into bitcoin right now is good," he says. "That may change because there may be a better solution. But I think that better solution will be very obvious and will be a long time coming so you can make that switch."
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