In recent weeks, crypto-currencies recorded a tremendous rise. Many bet heavily on them, while some warned that it was a bubble. Today, prices have dropped a significant amount. Let's look at the bitcoin and ethereum graphics (from etoro).
It seems that the moment of the risings of the criptomonedas has finished by a time like it has happened from the 2009 until this moment. Since 2009 there were 5 highs of bitcoin and the other crypto-currencies like the one of this time that arrived at the $ 3000 USD but always lowered of price like the most recent one in 2013 that bitcoin arrived at $ 1200 USD and during the following 2 years low up to $ 200.
While some managed to make a good amount of money, others bought at the peak, registering heavy losses.
Do not worry this is not a bubble, it's just a correction and together with the date of the possible hardfork, that's why a lot of people are getting their money from bitcoin, this ends until August 15 and then it will go up as it did, But you may lose up to $ 1500, since a month is a long time.
I recommend investing now and buying some Crypto Coins (in my opinion Litecoin, Steem, Flashcoin, EOS, Dash, Wings, Bitshare and ACT). I also recommend trading with Dogecoin and Ripple.
We have to wait about two months to lower the tide and see profits.
Images by Guphy and eToro
