Hey there! its been a long time since I've posted anything related to crypto, so i figured to do a little recap.
A lot has happened since my absence to crypto currency as a whole, so lets try a quick rundown.
If you haven't been living under the rock, we suffered a huge crash in Januray to the market thanks to bitconnect. Bitcoin managed to get as low as 5-6k usd. Many lost their savings, suicides happened( hard to confirm this, but its more likely than not). In the process, many lawsuits against the promoters of bitconnect have been filed. While they will most likely get justice, the real creator of bitconnect still remains a mystery.
The whole month of February wasn't any better. Bitcoin struggled to stay above the 10k mark throughout the month, sometimes dipping back into 7k. Etheruem had this to their advantage, getting over 1k with the sinking of btc. this didnt last, as btc started to recover, with eth going back to its normal levels. Litecoin also saw a little jump, but was short lived.
Now onto all the other alts. Because of btcs drop, they all plunged into levels we havent seen since June 2017. While some value hasnt recovered, Its nowhere near what it sitting back in December. Bagholders are still hopping for the best, patiently waiting to either exit with breaking even or some profit. You should use this to your advantage.
ITS STILL A GOOD TIME TO INVEST. Yes, one can argue the bubble did burst, but that doesnt mean things arent going back up. As of this writing, btc is flirting with 12k, and holding strong. With the rise of btc, alt coins have dropped. Its a very good time to buy. Nano seems to be the hype coin right now, so its worth taking a look.
Thanks for reading! I'm a wee bit rusty, so please mind the errors. If you have any comments or questions, please message below.
source of image:https://www.express.co.uk/finance/city/914087/cryptocurrency-predictions-2018-bitcoin-news-blockchain-ethereum-ripple