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| Author | Topic: Can a Bitcoin Crash? |
jasminealiana0
Registered User
Registered:
1/12/2021 | posted: 8/21/2021 at 12:18:56 PM ET
One of the biggest debates surrounding the future of currencies is whether they will be replaced by virtual currencies like the Litecoin or Dash as well as the older Buttons. It seems that there is a new currency rising in popularity and that is the highly volatile and strong Digital Asset called bitcoins. Many big companies have recognized the potential for this new asset to rise in value, thus investing in it themselves, such as CitiBank and Wells Fargo have created their own private pools of virtual money. This makes investing in digital currencies in Turkey just like investing in stocks by sell bitcoin in istanbul.
However, while investors are jumping on the bandwagon and buying up bitcoins there is a bit of fear that they may be able to high liquidity, meaning that suddenly the digital currency could go through a huge correction which will cause the price to drop drastically. This will happen if there is a major news event that causes a big change in the value of the currency. If this happens then you can bet that investors who bought up the bitcoins would unload them and that would drive the value down. The fear that investors have is that if this occurs then they may lose their entire investment, even if they have been holding on to it for a long time.
In the long run it will be important to find out which coins are the most secure and therefore will have the longest-term benefits for the investor. Right now the two best coins to invest in our Dash and Litecoin, but they are not the only ones that are being mined. You can invest in any of the hundreds of other currencies being mined around the world, but you do have to make sure that they are mined with high efficiency and that the network is stable. If the network is attacked by outside forces in an attack against the currency then you could lose everything that you have invested, so you need to stay protected.
| ceridwen
Registered User
Registered:
8/22/2021 | posted: 8/22/2021 at 12:51:28 PM ET
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