“Wow!” is the only appropriate expression for the wild cryptocurrency ride over the last year. Bitcoin soared from around $1,000.00 at the start of 2017 to a high of over $19,000 on December 18, 2017. Other cryptocurrencies like Ripple and Ethereum exploded with even more power. Ethereum moved from around $10.00 to over $1,300.00 in a year’s time. During the same period, Ripple went from pennies to over $3.00 in a similar mind-blowing move. #-ad_banner-#These massive moves created instant millionaires from small-time investors. Everyone from the barista at Starbucks and Uber drivers to hedge… Read More
“Wow!” is the only appropriate expression for the wild cryptocurrency ride over the last year. Bitcoin soared from around $1,000.00 at the start of 2017 to a high of over $19,000 on December 18, 2017. Other cryptocurrencies like Ripple and Ethereum exploded with even more power. Ethereum moved from around $10.00 to over $1,300.00 in a year’s time. During the same period, Ripple went from pennies to over $3.00 in a similar mind-blowing move. #-ad_banner-#These massive moves created instant millionaires from small-time investors. Everyone from the barista at Starbucks and Uber drivers to hedge fund managers and corporate executives were talking about and buying cryptocurrencies. Next, the inevitable happened as prices started to decline. The massive crypto bubble began to unravel as prices plunged lower. Late-stage investors were left speechless as their “can’t lose” investments just kept dropping. Terrified of further losses, many of these first-time investors rushed to dump their holdings, exasperating an already dire situation. Declines of 50% to 75% from the highs shook the crypto market to its core. But a bottom was found, with prices rocketing back from… Read More