Riding the Crypto Currency waves has become an obsession with investors lately. Bitcoin and all other Cryptos recently had the week from hell. Let’s face it people panicked, and others bought as the prices plunged. What happened? Is riding the crypto currency wave is thrilling but it can also be frightening when you don’t understand what makes it go up or down.
The big question is, why did it happen. Taxes, very simply. Governments like South Korea and a few others threaten to ban the cryptos because they are not getting their taxes on capital gains.
How long did you think it would be before the Uncle Sams of the world wanted their fair share? Twenty-four hours ago, Bitcoin was down to $30,242.6 in June 2021; it has rebounded to $56,242.6 with reaching an all time high of $69,000.00
Riding the Crypto Currency Waves is Thrilling
Breaking News KFC in Canada announced it would start accepting Bitcoin. It will be called the Bitcoin Bucket. How cool is that? So the proof is not in the pudding instead of the chicken. Bitcoin is going mainstream.
Etherium will be a high riser this 2022 as more, and more adopt the ETH blockchain.
More Breaking News Billionaire Mavericks owner Mark MR Shark Tank Cuban says they will start accepting Bitcoin and Etherium next season for tickets. Wow, how about them Apples!
This is here to stay, but this is not a get-rich-quick deal where you mortgage your house as the tokens reach all-time highs.
Will there be more corrections? Probably yes, that is what riding the Crypto Currency waves is all about. Plenty or research is needed to be able to begin to predict which is the best way riding the Crypto Currency waves will help you turn a profit.
Invest what you’re comfortable with. Don’t sell the farm or take out loans. Look at the recent bloodbaths and how many people bailed as prices plummeted only to have the sharks wait patiently and then pounce on the low prices.
This market is not for the faint of heart. Look at the stock market. Why is it this high? When will it crash? Probably soon, but when. If we all had the magical crystal ball, we could go to Vegas and bet. Riding the Crypto Currency waves can make you a lot of money, but you could lose a lot as well.
This is not Back to the Future two when Biff has the sports almanac. One thing is sure the death of money is coming. Who even carries money anymore? It is all done with credit cards or debit cards. Buy what you can afford to lose. If you make your original investment back, take it out and play with the casino’s money.