December 14 Price Analysis: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, IOTA, Dash
The future of Bitcoin is a reality. Soon we will see the Bitcoin ETFs as well? Why not? The ETF of Bitcoin will help the masses, and the investors who invest in institutional will take a position in the new asset class. The additional regulations and scrutiny that come with these new offerings will also increase the confidence in crypto-currencies.
Now, the political heads are also warning that the present banking system is probably on its way out.
However, while the developments are good and positive for the future of Altcoins and Bitcoins, but for the final destination, it is going to be a roller coaster ride still. Therefore, we perceive that borrowing money for trading or taking bigger risks like mortgaging the house to invest in Bitcoins are not good strategies.
Though, the trajectory of long-term could be up, the fall of the present time will be steep and could cause a pain to those people who have bet the house to invest and trade in crypto-currencies. Therefore, the recommendation to investors is trade only with the money which you can afford to trade and lose without bothering much.
Atif I
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