Link your broker and track your portfolio on Yahoo Finance Sadly, it wasn’t to be. Since the beginning of the year, an incredible $550 billion has been lost in the cryptocurrency markets.
Those who bought near the top are nursing losses of around 70%, on average. It is little wonder those investors who are not so seasoned in the reading of the markets, and the “cycle of investment,” are running scared – or just standing on the sidelines, with their mouths open, watching the avalanche roll down the hill.
It’s a prescient time to remind ourselves where we are now – and put these losses in perspective. Bitcoin started to become popular, you can almost see it follow the pattern of the Bitcoin price chart.
As the thrill and euphoria of being on board turned to worry and concern, those investors who had not taken into account the fact that they could lose money, as well as make it, had a major problem – they had no plan B – or C.” data-reactid=”27″>This graph shows a typical cycle of investor sentiment.
We show this graph to our clients all the time. If you apply it to the excitement and optimism of last Autumn, as Bitcoin started to become popular, you can almost see it follow the pattern of the Bitcoin price chart. Read more from finance.yahoo.com…
thumbnail courtesy of yahoo.com