Madbyte News — April 2019
Are you investing in Bitcoin and the crypto market? Each day it seems that something new is happening, such as the exchanges expanding or releasing new product offerings. A few cities accepting crypto for your tax bill. A company deciding to pay employees with crypto. Banks and credit cards continuing to try to ban investment buying of Bitcoin. Federal agencies hiring blockchain experts around the world. ETFs still not getting a pass in the US.
Many continue to invest, or some would say speculate, on a crypto coin they believe in. With hopes to strike it lucky by doubling their money overnight. Many who step in to invest without very much knowledge or time to look deeper usually lose.
Here is an example of four coins that have had some good upward movement.
Bitcoin (BTC) is going into its 9th week of upward movement. About +23% or $800. Since its low in December it is up a little over 30%. That amount sounds pretty good but yet looks more like it has just been going sideways compared to several other crypto coins.
Enjin (ENJ) took a wild swing up of about 700% in February and peaked early March and now has lost about half from the high in the last several weeks.
Binance Coin (BNB) started a bull run early Dec.2018 and has yet to slow down. Currently up over 240% since starting.
Litecoin (LTC) has also been on a bull run since early Dec.2018 with gain of over 110% and only a few slight pull backs in between that time.
Timing to buy at a low of the market is not easy and most traders do get it wrong and never see returns like these above. Though some do and others are interested in trying. If you enjoy trading, investing or learning more about crypto coins feel free to connect with us through discord or through our website.
All the best,