Be Ready to Risk it All
I think today’s advice is pretty sound regarding investing in cryptocurrency at least of 12/24/2017
It’s very easy for a group of big money people to pull the price up of crypto coins. Price starts going up and people become interested. That would be human nature. But, guess what, they then get to decide when to pull the switch and withdraw their support(money). When that happens you can bet that they will start a big sell off drastically effecting the price.
Who gets hurt? That would be the guy that has invested money he can’t afford to lose. You see these people can just keep applying the pressure lowering the price until you decide to reduce your position if you have too much out there invested. Then they just swoop in and buy the crypto coin at a really cheap price and start the process all over again driving it up.
Big Thing to Remember, Don’t Invest Money You Can’t Handle it Approaching Near Zero in Crypto
This process of big money people manipulating the price really isn’t beneficial to the growth of crypto currency. The big swings in prices probably keep a lot of people out of the market.
2017 produced some huge returns in crypto currency, and in my personal opinion, I think crypto will continue to produce. Yet, because of the big swings, putting too large of position in is not ideal
Next, why would I share such good information? Why wouldn’t I let you get squeezed by the process and just take advantage of the big lows myself? If I give you good enough information maybe you’ll subscribe to the blog 🙂
Disclaimer: Investment advice is not being given, this is simply my opinion