Markets are crashing! There's blood on the streets! Yes! But, Bitcoin started the year of 2017 at $963.00! It climbed to a high of $19,758 according to coinmarketcap. That means it grew 1,951%! Within a year! That is rarely unheard of in the stock market! Bitcoin has now declined all the way down to $9,490! Oh nooo! It's the end of bitcoin! Relax, That is only -51.96% drop! That's nothing compared to the massive returns it gave us! My crypto-currency portfolio has also seen a major drop, we can't just blame it all on bitcoin! All altcoins are suffering. People are panicking! Why? Crypto is amazing! A lot of industries are disrupting with blockchain technology, it's a fairly new market, it's a baby learning to walk! Pretty soon it will be running! Let's not forget why we invest in the first place. We invest because we see these coins reach a certain price! They probably will just give it some time. I've been here before! I bought Bitcoin at highs only to see it drop! Bad timing, lol. I must admit, I'm a novice investor, I should have used stop-limit orders. But, that's ok, I'm also a long-term trader, so I'm not worried. I have been here many times before. I purchased Steem at $1.70 only to see it drop to $0.16! But, it eventually climbed and reached a new high of $2.70! It's now sitting at $5.00 per coin! So being a long term investor pays off! Especially now with Robinhood offering fee-free Crypto Currency trading. Why is Robinhood so important for the crypto-currency markets?
Here are a few reasons why Robinhood is a game changer, in my book:
- Robinhood will place crypto-currency on the map! Stock traders will be exposed to bitcoin, ethereum & other altcoins! Stock traders will realize the tremendous profit potential offered to them by crypto!
- Zero-Fees crypto-currency trading!
- Very user-friendly-interface! Almost anyone could trade crypto just by downloading the award wining app!
- Early this year Robinhood will release it's web trading platform!
Cypto-currency is the new stock!
- Crypto is easily transferable, try doing that with stocks, possible but not easy or fast!
- Any big company could offer its own token; think Kodak. Amazon, Google, Facebook could all do the same!
- Stake it, Mine it, day trade, or simply hodl! Oh, you could also use it as a form of money; pay for goods and services! Airdrops are also worth noting!
This is not financial advice. Just sharing my point of view, do your research and never invest what you can't afford to lose.
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