From giving in to FOMO (Fear Of Missing Out) to taking out mortgages on their homes to maximize their returns, most people hastily jump into cryptocurrency and lose everything. The problems arise from a mix of bad timing, ignorance, greed, fear and impulsive trading behaviors that always result in financial ruin. Fortunately, these self-destructive behaviors are easy to avoid.
Cryptocurrency has been through three market bubbles over its 13-year history, with a fourth bubble expected to happen around 2024-2025. Each market bubble follows after a Bitcoin halving event, which occurs every four years and takes several months to two years before it reaches 'the top.' Once the market has topped out, the crypto 'bear market' begins, where the prices of most cryptocurrencies will collapse by over 90 percent, most of which will never come back again.
As CNBC and many other outlets covered in 2018, many retail buyers invested everything they owned during the 2017 Bitcoin bull run and the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...