Informed regulators will understand crucial and meaningful issues such as the differences between a value storage system such as Bitcoin and a sophisticated ledger with smart contracts such as Ethereum. As government entities hammer out a legal framework and taxation system , cryptocurrencies could find their way into the digital wallets of U. But even though Bitcoin became legal tender in El Salvador in , the U. The increased use of crypto should spur regulatory agencies and politicians to take action, and the blockchain systems should also benefit from widespread usage.
These processes will percolate through the crypto market in and beyond. Investors can't stand uncertainty, so even an overly strict regulatory framework is likely to be an improvement over today's ramshackle oversight. Under any combination of these circumstances, the digital currency revolution could be delayed by several years. And, assuming it finally does arrive, it might look very different from the Bitcoin-led sea change that gained momentum in In the very long run, it seems unlikely that any government or group of nations will stop the cryptocurrency idea entirely, but they can slow down the movement and steer the final product in various directions.
These risks might sound hypothetical, but they are very real. In the end, the cryptocurrency community must get along with regulators around the world. Failing to do so can throw massive roadblocks in front of the digital currency sector's progress. That's why you shouldn't bet the farm on Bitcoin, Ethereum, or crypto in general.
The next heart-stopping market move could still be a negative one with echoes of the crash. Informed investors want to build a diversified portfolio for the long run that is able to withstand dramatic setbacks in any particular sector. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price.
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Stock Advisor. View Our Services. Our Purpose:. Latest Stock Picks. Dec 8, at PM. Image source: Getty Images. Join Stock Advisor Discounted offers are only available to new members. Stock Advisor launched in February of It's like walking into a pub and putting money into a fruit machine and you could be lucky and you could get a return on that so-called investment.
But actually, quite often, you don't win. The most important thing of all for that type of crypto is to make sure that the public is aware of it. That the public understands the risks inherent within it. Mr Makhlouf and others in the financial mainstream are deliberate in their public warnings because there's barely a work office or site, or WhatsApp group, or golf outing, or five-a-side, left in Ireland that hasn't had the "should I invest in crypto" conversation at this stage.
Everyone can't be a winner. There will be casualties along the way, and Mr Makhlouf and others are trying to get out ahead of the potential heartache down the road. Managing director of Cork-headquartered independent financial advice firm Alpha Wealth, Nick Charalambous, told the Irish Examiner that barely a day goes by without someone wondering about taking the crypto plunge.
Potential investors are being warned that crypto assets are highly risky and speculative and may not be suitable for retail customers. Despite this, I am getting enquiries daily from people looking to invest. Mr Charalambous has a theory - people don't want to think they are being left behind, wondering if only.
Reports in social media channels of people gaining great riches from cryptocurrency naturally pull other investors in. Also, sites such as Reddit and Revolut have made these more accessible to the masses. Not just because of the volatility — big rises and falls. Another reason that the Central Bank is worried, Mr Charalambous said, is that cryptocurrencies are in an unregulated market. Opportunists are out there, ready to steal your crypto by pulling a classic Ponzi scam.
In the process, the fraudsters siphon off some of the cash for themselves and the fund inevitably runs out," he said, Mr Charalambous said that in any high-risk investment, the value of it can fall as well as rise. Most pension funds for example are invested in the stock market. The traditional view was that these markets were not that closely corrected to cryptocurrencies.
What has become more apparent is that cryptocurrencies and stock markets have both become more correlated to each other. As risk has increased, due to inflation pressures and the conflict in Ukraine, it has caused both these asset classes to fall. Whether you are invested in or considering investing in cryptocurrencies, there is one fundamental rule you need to stick to. I am asked daily whether now is a good time to invest due to the recent falls.
Gold is an interesting commodity in that it is risky. So my takeaway for today is to tread carefully. My advice is to first consider your current financial position. Whilst a lot of financial advisors steer well clear of this murky area of investing, I feel it is important to be educated on how you can get exposure, whether it be personally, through a company investment or a pension fund.
There is no point in putting monies for a newborn child for their third level education into the bank, post office or credit union. These institutions are only for monies you need access to within five years. Risk warnings should apply to anyone investing in this market for anything other than speculation.
Sign up to to get the latest news direct to your inbox daily at 1pm. Select your favourite newsletters and get the best of Irish Examiner delivered to your inbox. Investing in crypto: Chasing the dream or gambling your future? Buying into cryptocurrencies like Bitcoin can lead to lucrative high-stakes gains but its volatility means that investors risk losing a lot if they don't tread carefully.
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Share this article Tweet Share Post. Have a confidential tip for our reporters? Get In Touch. GME Swap Short:. Trade now. AAPL GOOG TSLA One thing is for sure — in a digital age and an increasingly cashless society, cryptocurrencies look set to have a growing influence on every aspect of our lives. Rate this article. Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice.
Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The long-term trend is what we should pay attention to. Short-term action is pointing towards a bullish jump We have higher lows since April.
We have a decisive candle here marked purple Now prices are growing above EMA10 while the sentiment is dull. With bullish indicators and people looking the other way It is the perfect time for a sudden price jump. If nothing changes, then the network update may be activated in about days - David Burkett, the engineer who works on the implementation of the MimbleWimble protocol MWEB. MimbleWimble will increase fungibility and privacy. Hello my friends, today I want to talk with you about BTC.
The price bounced upward to resistance zone around 41k and now back below this level, I'm waiting for next declining lower. At this moment BTC price moving like we expected. Price exit On the daily chart, the price broke out from a falling wedge pattern. As we can see the price was stopped close to a very strong resistance area located at 1. I will keep you updated. Thank you and Good Luck! Bitcoin is a channel, will it bounce from a trend line? What is BitShiba? BitShiba is a community-focused project which seeks to provide equal financial opportunities to all people from all places.
The BitShiba community is the project's main focus as strong communities and decentralization are widely considered two of the most We can see that the price is moving within a channel. The price reacted very well close to the resistance trend line. From this point, we can see the price to move higher or lower. For the bearish scenario, it is needed more bearish volume. So the price needs to break down below If the price will begin to grow the bullish momentum we need to see the Hello, everyone!
I think that you are bored of my standard analysis methods. What do we have right now? The trendline 1 was broken to the downside but was not retested. Trendline 2 was not even tested and Hello my friends, today I want to talk with you about KCS. In my previous idea I talk to you about 2 possible scenario, long and short.
At this moment long scenario is cancel and short scenario left. Price already exit downward from ascending triangle. Now price making retest and trying back inside but I think it will not happen. I'm expecting short scenario
Bitcoin's Future Outlook. Bitcoin is a good indicator of the crypto market in general, because it's the largest cryptocurrency by market cap and. Cryptocurrency's future outlook is still very much in question. Proponents see limitless potential, while critics see nothing but risk. 10 Important Cryptocurrencies Other Than Bitcoin · 1. Ethereum (ETH) · 2. Litecoin (LTC) · 3. Cardano (ADA) · 4. Polkadot (DOT) · 5. Bitcoin Cash (BCH) · 6. Stellar .