A Bitcoin Blast From The past
Today I am sharing this post from Jan. this tear about Bitcoin and its crazy up and downs that we see everyday. This post from the New York Times talks about how Bitcoin prices plummeted below $10k at the end of 2017.
I have noticed that crypto currencies fluctuate more than any other currencies or stocks and bonds for that matter. Part of the reason for the wild ups and downs of crypto currency is that many world Governments do not know how to tax and regulate crypto currencies.
This article talks mostly about how Bitcoin investors and traders are affected by the crypto currency markets ups and downs.
I have not begun to trade bitcoin yet. I do invest it into cloud mining at Chillypot. Chillypot is a life time mining investment and I can pull my earnings out at anytime. There are a lot of short to log term mining investment opportunities out there.
My best advice is to research and then invest keeping in mind that just like stocks and bonds there are fluctuations daily, you just have to ride it out until the market rebounds and it will. It just has in the last 2 months. With that being said though, Bitcoin is heading backwards at the moment.
For me, the crypto currency market fluctuating the way its does, does not really hurt me since all of my crypto currency has been earned for free from faucets, All I have is my time invested at this moment. Any ways below is the post…enjoy and leave your thoughts below in the comments!
Bitcoin Falls Below $10,000 as Virtual Currency Bubble Deflates
The price of one Bitcoin is down 50 percent from its peak as concerns grow that governments may crack down on virtual currency trading.