6 Things You Don’t Know About Trading Bitcoin

Bitcoin trading has many nuances that are different from stock investing.

Retail investors who want to dip their toes into cryptocurrencies to diversify their portfolios are facing an extremely volatile market – virtual currencies have lost $350 billion in value year-to-date due to orders from regulators and hacking.

The cryptocurrency market, which consists of bitcoin and several other major digital currencies, crumbled June 22 as the majority of the coins dipped by up to 10 percent due to six exchanges in Japan that were ordered by the Financial Services Agency, its financial watchdog, to improve their current practices, and as two exchanges were hacked within an 11-day period.

Losing billions of dollars in market cap for cryptocurrencies is not unusual. In December, bitcoin reached a high of $20,000, but dipped to $8,500 by mid-March.

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6 Things You Don’t Know About Trading Bitcoin...
6 Things You Don’t Know About Trading Bitcoin...
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