Cryptocurrency: Amazing Technology, Dangerous Investment – Understanding Cryptocurrency as an Investment.
Cryptocurrencies exploded onto the scene with the invention of the Blockchain technology and Bitcoin back in 2009.
Since then, Bitcoin has exploded in value from a few cents per coin, to a peak of over $11,000 in just a few short years.
This amazing rise in value mirrors other asset bubbles of the past such as the Great Tulip Bubble of the 17th century and the very recent Dot Com bubble of the 1990s.
As tempting as it is to get on the bandwagon of this meteoric rise, history has taught us concrete lessons that tell us what to expect.
Learning these lessons can save us the heartache of watching are hard earned capital evaporate before our eyes.