Ever since the China’s clampdown on ICOs and shutting of various China’s crpyto-exchanges, many people have voiced concerns on whether the crpyto-bubble is going to burst soon.
This article also chipped in on the gloomy situation: http://www.marketwatch.com/story/bitcoin-ether-and-other-cryptocurrencies-may-be-seeing-the-beginning-of-the-end-2017-09-06?fref=gc&dti=1758792264412132
So the question here is:
Is it Safe to Invest in Cryptocurrencies?
Actually i shared my answer on the Seedly’s Facebook Group but i will do a longer post here.
So… a little background on myself, I invested in stocks for 10 years and started riding on this crypto-trend this year. So i know a bit about both..
Concern: No Fundamentals, dividends of sort
In my honest & humble opinion, Crypto has no intrinsic value of sort and survive practically on hype, news and probably technical analysis.
It can go up 100% today because U.S. agrees to big on the Crypto-ETF or drop 100% when every country stops this thing for good.