This article is going to be short, as it's more just a warning (though it isn't financial advice). A lot of people were shocked by the recent events in stock market. A lot of people have never experienced anything like this. Others remember 2008 and probably think that it's come again. However, I'm not convinced that this downturn is another 2008. I think it's another 1929.
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If you invest in the stock market, then you probably already know that there are plenty of parallels between the cryptocurrency boom and standard stock trading. With cryptocurrency investing, you can buy currencies, hold on to them, or sell them—just like stocks.
Everyone who is talking about investing has started to buzz about Bitcoin. Once considered to be a strictly criminal currency, Bitcoin has become one of the hottest investments in the world—and it also helped spawn a number of Bitcoin alternatives that currently trade for as much as $1,000 per digital token.
Ever since mainstream people began to learn about Bitcoin and other forms of cryptocurrency, it seems like the world has gone a little bit crazier. Nowadays, more businesses than ever before are accepting Bitcoin—and there are now even tax rules that surround the Bitcoin craze in place.
Right now, Bitcoin is one of the biggest things to ever hit the stock markets. Everyone is now trying to check out cryptocurrency apps on their mobile phone, researching to figure out whether the opportunity they found is a Bitcoin scam, and learning as much as they can about the world of blockchain technology.