What your pop stars Katie pare and billionaire warren buffet have in common like many their discussing one of the hottest buzzwords of 2017
is bit coined after all sense 2013
When good bit data stars it's up more than seven thousand percent.
We have no opinion of where a bit coin goes from here.I am not not crypto currency forecasters button our view that point is pure speculation and not a good long term investments.
First the basics crypto currencies such as a bitcoin and to be a digital currency
You will need parties can anonymously transfer bit coins between electronics stories locations called a digital walls
bit coin fans think it and it's underlying technology and accounting platform called block chain . You
can watch money by eliminating banks and governments involvement despite their named criers aren't really currencies to hope plight and fear drive bit coins price wings making it unstable and very unstable currency like real
many is exchange for goods and services anywhere its value needs to be relatively stable in the show
for turned money is liquid plentiful stable and generally accepted which is the irony of bad coined if it actually be
became universally use and accepted few would actually want to invest in it because we're terms would be cash like putting perspective bit other crypto currencies act more like speculative commodities for all the recent headlines the high speculation doesn't make them was investment
and our view they coin experiences huge sentiment driven price winks daily swings can be higher than ten percent in just one day in late November according to combat coined here record high eleven thousand three hundred and a t eight dollars a coin and then felt Eighteen and a half percent to nine thousand two hundred nine dollars a coin then recovered somewhat to nine thousand seven hundred and ninety five dollars.
How would you have handled out much like these cold commodities successful investing requires extraordinary.
The market time i'm in our view buying but point is a place solely on price movement and others whims a bit coin doesn't generating.
Think one assets paid evidence or provide value service in the economy that queen also faces regulatory uncertainty goal boys with several governments crack and down on trading.
In July 2017 the classified initial point offerings through which companies raised funds by selling new cripple currency
is as securities offerings and therefore subject to us federal securities was in September 2017 china deemed coins illegal and hold crypt or curse the exchange creating darkly governments have guarded the right to produce currency which means crypt o currency regulations make increase speaking of coins.
Always remember that supply and demand drives security is pricing baking supply is an infinite once there are twenty one million and circulate action that's it some site this scarcity as a reason prices should
so we're but the point isn't the only crypto game and according to coin market
Today there are one thousandth hundred and seventy one critical currencies in existence with a total bargain cap of over six hundred and twenty billion dollars supplies
for a greater than most bleep and is growing rapidly according to a coin scheduled there have been two hundred and thirty for initial point offerings so far in many 2017 took out the upcoming on work and you'll see dozens in the high point this looks like a classic case of you free driving supply to mark a classic bubble feature.
Ultimately it's your call if you choose to speculate in bit corn but it's important how the right expectations and not get carry awake putting too much into a speculate of that could risk your financial health that's all for this addition and things that we watch