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Bitcoin Plummets More Than 30 Percent in Less Than a Day

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Bitcoin Plummets….Bitcoin Rises

Here it is May 23rd 2018 and Bitcoin is once again sliding down in price. Just 4 weeks ago bit coin was going up in price, it finally reached $9600 just about 2 1/2 weeks ago. Today bitcoin is hovering around $7600. So what gives?

I have to admit I can not help but wonder what drives the crypto currency markets prices?

If I were investing in bitcoin, I would be very nervous most of the time. Fortunately I only invest crypto currency that I have earned from free sources like Faucets or Offers and surveys, some PTC’s.

I am using this year to get comfortable with the crypto currency market. I am noticing that Crypto prices seem to have a cycle of ups and downs that seem to go in 3-4 month intervals. I mean that for 3-4 months bitcoin prices will rise like there is no ceiling…then poof all of a sudden the brakes are slammed on and the prices start to go down for 3-4 months. Then the cycle just rinses and repeats.

But I wonder why? Is it really big business not being fully accepting of bitcoin as a currency or is it the worlds Governments resisting crypto currency?

I keep hearing about how China and some other countries are banning crypto or limiting the use of crypto currencies.

Confusing and exciting at the same time that is crypto currency. I do believe that one must have patients and nerves of steal if you are going to invest money that you have had to work for, so to speak.

Enjoy this post from Dec. 2017 below and let me know what you think about the risk involved with crypto currency investing.

Bitcoin Plummets More Than 30 Percent in Less Than a Day

Just days after the price of Bitcoin nearly reached $20,000, the virtual currency was hit by a panicked sell-off. Reddit users posted suicide hotlines.

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As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar and get your free E-book.

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How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

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The Winklevoss Twins Still Succeeded With Bitcoin And Without Zuckerberg!

By now everyone probably knows the story about the Winklevoss brothers and Mark Zuckerberg’s legal battles over FaceBook.

Well the Winklevoss brothers still ended up in really good shape after the settlement over FaceBook they were $65 million more richer.

But did you know that they took that $65 million and bought a bunch of bitcoin? It was a gamble and as we all know bitcoin has become very valuable since its release to the public in 2008.

Although the Winklevoss brothers keep finding success, they still act like a couple of spoiled rotten brats. They are still involved in shading dealings, but yet they still come out smelling like roses freshly cut and beautifully wrapped in a bouquet!!

But their story is a very interesting one. They have their fingers in a few bitcoin ventures that are profitable but questionable as to their legitimacy.

Some of the things they have done to protect their private keys is just funny as heck too me! They went to Harvard folks and their method of protecting their private bitcoin wallet key was to hide it all over the country in envelopes stored in safety deposit boxes, so that if a thief found 1 part of it they would never be able to find the rest…..LOL!!!!

Anyways give it a read and try not to laugh or get frustrated with their ease of success.

 

How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

The virtual currency stockpile that Cameron and Tyler Winklevoss began amassing in 2012 is now worth around $1.65 billion. They have no plans to sell.

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As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar and get your free E-book.

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