sakura Posted March 6, 2018 Report Share Posted March 6, 2018 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? Quote Link to comment Share on other sites More sharing options...
Bill Lawry Posted March 8, 2018 Report Share Posted March 8, 2018 In this digitized world monetary standards and trading services are getting more automated and in one word easier than before. We can’t even think before that a money that has no physical existence can be exchanged! But today it has happened and we are exchanging online currencies, in one name Crypto currencies. The way these virtual currencies are exchanged it won’t be surprising that these currencies will take a good position in investment portfolios. I have also traded BTC and my broker AAFX is offering BTC/USD pair right now. Quote Link to comment Share on other sites More sharing options...
Resolve Posted July 24, 2022 Report Share Posted July 24, 2022 On 3/8/2018 at 11:32 AM, Bill Lawry said: In this digitized world monetary standards and trading services are getting more automated and in one word easier than before. We can’t even think before that a money that has no physical existence can be exchanged! But today it has happened and we are exchanging online currencies, in one name Crypto currencies. The way these virtual currencies are exchanged it won’t be surprising that these currencies will take a good position in investment portfolios. I have also traded BTC and my broker AAFX is offering BTC/USD pair right now. Doing trades in the Crypto markets is not going to be an Easy task for us. Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
Resolve Posted December 5, 2022 Report Share Posted December 5, 2022 I am doing my Forex Trading with the International Broker FXOpen 🙂 They have Low Spreads in Gold and Forex Pairs with USD. Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.