What do you need to invest in Bitcoin? Mainly it looks nowadays, you need to be nerves of steel. Even for the strongest of hearts, Bitcoin’s volatility can result in an emotional breakdown, especially if you’re one of those who’s joined the crypto-party a bit late.
After skyrocketing to nearly $20,000 in December 2017, the world’s leading cryptocurrency has crashed and now stands at less than half its peak value. On Friday, it crashed, briefly touching 7675.63 before regaining ground.
This means investors need very steady hands – and steady hearts. New investors in particular, those who started trading the cryptocurrency when it was already booming, now need to face the growing volatility without losing their courage.
Not all can.
Many people – even some of those who support Bitcoin – have warned that the crypto-mania could be getting too big for its own good. Tightening regulations have also affected the cryptocurrency price, and news titles have led some of the late-coming investors who bought high to sell, fearing a fall.
Does this mean Bitcoin is nearing its end? Far from it. The popular cryptocurrency is still up over 800% since February 2017 and its popularity is still growing.
Is the recent decrease a sign for the future or just a temporary glitch that will seem like a joke in February 2019?
At iFOREX, you can invest in Bitcoin CFDs with leverage – as well as in hundreds of other CFDs – and potentially benefit from any price change – up or down.
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