Cryptocurrencies such as bitcoin and altcoins suffered a huge setback with a whooping decrease of 40% in market value on Tuesday, January 16th which is believed to be as a results of regulatory pressure from countries like south Korea >and China.
Data analysis; reports reaching us has shown that, its as a result of the increase trading sanctions from Beijing and seoul.
Do you think this is the time to invest in cryptos?
When I first heard this news, a lot of questions came to mind . First I thought it was a hard fork for bitcoin and other cryptos , and then also, I thought there was going to be another bitcoin bubbling. As a newbie who wouldn't love to see another bitcoin bubble. But then I realised that I haven't invest much into cryptos yet so there is no cause for alarm. And to all those who invested it is up to them to decide their faith
But I always have the believe that all crypros has come to stay and even take away the power of traditional banking that is why I always believe that most of the cryptos has a future and their prices will rise and keep rising from time to time so it worth it when you invest in cryptos.
Disclaimer: I am not a financial adviser nor an expert in this, so do not take my words and decides to invest without any thorough research on that.