Bitcoin is completely finished! ️ ...
At least if you want to believe the mass media. They are currently full of bad news about cryptocurrencies. 😎
And let's face it ... after the price shock many investors have had to digest in the last 12 months, it's hardly surprising
But consider the following:
Just two years ago, Bitcoin's price was around $ 650...
Today, the price is around $ 4,500 - after a crash of over 70 percent! ️
Let's say you invested only 350 Euros in Bitcoin two years ago. A tiny investment where you can hardly go wrong.
Sure, the last two years would have been a real rollercoaster ride for you ... with incredible price gains and brutal crashes. 😳
But in spite of all that, your investment would be worth ten times as much today! "A" ten-digger "in about two years - not bad or ❓
How many other asset classes performed so well at the same time?
Give me an investment that you have made in the last two years that has performed only half as well as Bitcoin❓❗️
The financial media are first and foremost a business model that wants to make profits. In particular, to make a profit, these journalists need to generate a lot of clicks on their websites ... because that's how their advertising revenue goes. 😎
And nothing brings more clicks than doomsday stories ...... even in the cinema .....
Only this does not help you as an investor. You need objective reporting in order to actually make money with an investment.
So let's take a look at what REALLY happens in the crypto sector, while the mass media are proclaiming the end of Bitcoin once again...
🔺In November, ICE, the operator of the New York Stock Exchange, will open a crypto trading platform called Bakkt. This platform allows every ICE customer to trade in cryptocurrencies!
🔺 At the end of the year, Fidelity Investments, one of the largest asset managers in the world, will offer its 27 million clients crypto investments for the first time.
🔺Goldman Sachs has invested over $ 400 million to buy the Poloniex crypto trading platform.
🔺Morgan Stanley plans to offer Bitcoin derivatives to 3.5 million customers for the first time.
🔺 Citigroup has announced that it will offer Digital Asset Receipts to its 200 million customers. These are investments that simulate the price of individual cryptocurrencies.
Does it look like a market that is dying?
The irony is that one or two years ago, every single one of these news would have upset the Bitcoin course. But right now even the best news is completely ignored by investors.
The interest is likely to come back only when Bitcoin starts again on new heights. But then you want to be invested! ️ Not only when the prices have already gone through the roof, or?
Best regards and hear you in my next article.
Michael Thomale - @michael.thomale
Reading this I remember what that Dracula said. Just that know about will understand that! 😎
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