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.