New Bitcoin Investors Have Little Hope

0
90
bitcoin wallet

The past several years have been incredible for bitcoin, which remains at the number one spot in the cryptocurrency world. After reaching a high point of over $20,000 in December, the coin managed to lose over half its value in only a month or so. As the introduction of regulated futures contracts in the U.S. came into play, the coin has managed to cut a large amount of its value. This is quite suspicious and should be put into play in any dissection of the price action. Those who have been hit the hardest have been the investors who recently got into the space.



Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747



With some of the biggest critics in the space remaining skeptical of the currency, the future is still quite unpredictable. The incredible rise of the coin managed to get a large amount of mainstream attention over the past month or so. This caused a large amount of investors to get into the space with the hopes of getting rich. As the market continued its characteristic volatility, many of those original investors began to get scared, beginning to sell off their assets. This massive selloff in the industry has managed to bring coins to new lows that they have not seen since their inception. The reason that bitcoin’s price is such a big deal is due to the fact that it essentially controls the price of all of the coins in the space.



Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747



As the biggest coin via market capitalization, bitcoin seems to have quite a large control on the greater market. As the market continues to grow, it will remain interesting and unpredictable as to what will happen to many of these top coins. This type of price action is something that will remain characteristic of the crypto industry until it is able to mature.

LEAVE A REPLY

Please enter your comment!
Please enter your name here