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Futureproofing: Crypto Remains A Riddle Wrapped In A Mystery Inside An Enigma

Bitcoin is going to (insert 6 or 7 figure number here) by 2020! or Bitcoin is a scam/fraud/only useful to criminals/going to zero in 2020! Digital currency is the future, like it or not (I prefer the anonymity of cash, myself). Whether Bitcoin or any of the thousand or so other crytpocurrencies will survive central and commercial banks developing their own digital coins remains to be seen. In the meantime, the major cryptos remain actively traded. But how does one trade an ephemeral yet seemingly permanent asset? It doesn't help when articles like this appear on the same website, on the same day: Bitcoin and crypto in general rose in price during the recent US/Iran exchange of hostilities, but that doesn't necessarily make it a good hedge against chaos, as price fluctuation is a mainstay of crypto at this time. As always, invest only what you can afford to lose, should you decide to enter the market. And, as always, what your reading is merely opinion and not to...

Futureproofing: Crypto Madness!

I'll start by assuming you've heard of Bitcoin and perhaps some of the other cryptocurrencies, such as Ether and Litecoin. If not, a quick web search is in order. If you have been following the prices of cryptos, you'll no doubt be as stunned as the rest of the world by their volatility. 2017 was the year of All Time Highs being met swiftly and regularly, while 2018 to the current date of this writing is considered the "crypto winter". While the current price represents roughly 80% decline from the all time highs reached in December 2017, even this is not the greatest drop the 10 year history of Bitcoin. What lessons do we take from the wild ride that is crypto? Lesson One: Volatility is an inherent part of the landscape, at least for now. Dizzying highs and gut-wrenching lows are the norm. If you can't handle volatility, avoid crypto like the plague. As always, NEVER invest more than you can afford to lose. In a high volatility environment, such ...