Is Bitcoin experiencing a bubble? That is a stupid question in the minds of some, but consider the newcomer to the cryptocurrency market who may or may not even have basic trading experience; what are these people supposed to make of an investment opportunity that started 2020 in the $6k range according to a CoinDesk Bitcoin price tracker, and ends 2020 pushing into the $20K price range?
New To Investing?
Newcomers, if you aren’t familiar with the basics of investing, know that the combination of this massive increase in value combined with a lack of the sort of stability legal tender has by comparison and it’s clear that while some investors are likely going to make a killing, there is a definite risk of a market correction. And where “altcoins” are concerned? Their futures may look rosier with a Bitcoin price adjustment.
How to gift Bitcoin for Christmas? There are a few good rules of thumb for gifting any cryptocurrency (Bitcoin is obviously only one option), starting with one of the most obvious gift-giving hints applicable for ANY holiday gift of Christmas present–make sure the recipient actually WANTS your Bitcoin gift.
If you’re tempted to give cryptocurrency as a gift to someone who is barely computer literate, chances are good you’re wasting your time and money. You may as well buy them a Star Wars: The Mandalorian costume while you’re at it because chances are good it will have the same reaction. If it’s unwanted, your gift is a dud.
But for those who DO want or would be happy to receive cryptocurrency as a gift, here are some practical tips on how to do it.
Why did Bitcoin price drop by approximately $1k in December 2020? When I read the news on Yahoo!Finance, Coindesk, and other platforms, I found headlines announcing Bitcoin prices dropped “$1,000 In Worst Sell-Off in a Week” on December 8, 2020, and while traditional markets were comparatively stable, it wasn’t a good time for cryptocurrency in general; Ether and Litecoin are reported to have dropped as much as nine percent in one case over a 24-hour period and sources report that “all 17 free-floating cryptocurrencies besides bitcoin in the CoinDesk 20 have dropped between 6% and 12% in the past day.”