Jump to content

Is this the best time to get into cryptocurrency?


sakura

Recommended Posts

website-Cryptocurrency-1280x500.jpg

Is this the best time to get into cryptocurrency?

Rumours about exchanges being shut down in South East Asia and regulatory restrictions have affected cryptocurrency markets and seen prices fall. Does this make it the best time to invest in them?

Headlines about cryptocurrency have filled the news for months and helped fuel price increases in Bitcoin and others virtual coins.

While plenty acted quickly and got in on cryptocurrency, many other potential investors have cautiously considering held back. They feared the opportunity had gone when Bitcoin reached $20,000 and others like Ethereum and Ripple started making big gains.

Warnings about bubbles, regardless of who was making them, have largely gone unheeded. New price records have been set then broken on a regular basis. However, a market correction was always going to happen.

Rumours of a cryptocurrency ban

It’s been nothing like the drastic fall some commentators have predicted (remember Bitcoin was valued at around $900 in December 2016). However, on January 17 Bitcoin tumbled to $10,000 after reports of a potential ban on cryptocurrency trading in South Korea. Fears of a regulatory crackdown sparked a domino effect on the cryptocurrency market. Ethereum dropped 23 per cent and Ripple 33 per cent on the same day.

Some view this as the beginning of the end of cryptocurrency trading. However, it’s more likely to be the breather this market takes while the new financial instruments growing up around cryptocurrencies settle in and the authorities firm up their decisions on how virtual coins will be regulated.

Prices are set to fluctuate further on fears of a collapse and others try to get out of cryptocurrency altogether. This is why it could be exactly the right time to make a shrewd investment in cryptocurrency.


For more detail : Is this the best time to get into cryptocurrency?

Link to comment
Share on other sites

In Forex market knowledge is very powerful and essential thing. Because enrichment of knowledge can ensures a comfortable trading life with certainly. A trader can take the help of a broker who provide online service, trading knowledge through the websites and video, demo trading opportunity, Forex news and reports etc. in order to gain knowledge.
My broker is Forex4you and I have found them providing free demo trading services, webinar and seminars and many more. In my sense of trading a trader should practice with demo trading before start trading with a real account as it is really helpful to gain Forex knowledge. I have learned about Forex market and improve my trading skill by using this free demo trading account.

Link to comment
Share on other sites

  • 4 years later...
  • 1 month later...
  • 1 month later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...