Crypto Market Tanks

In this image, Bitcoin is seen plummeting as of a single day.

In this image, Bitcoin is seen plummeting as of a single day.

Matthew Mantoura, Photojournalist

On Friday, I was having a chat with my friend when all of a sudden my phone started blowing up with notifications alerting me that the crypto market is tanking, going down rapidly. I read this news and checked the markets and realized everything was down over 15%. This is a huge sign to start for new investors. Here is what I mean.

If you have ever wanted to invest in crypto currency, but thought you were too late to the party, now is a great time to jump into the action. Crypto currency often fluctuates rapidly due to its 24/7 markets and it being able to be updated at any time, meaning it could skyrocket in price while you’re asleep, or even plummet to zero. Of course, with this very versatile understanding of the market, you would want to be safe with your investments. This being said, when investing in crypto currency, it is great to do your own research. The fundamentals of the crypto market are Bitcoin and Ethereum. The market moves with these coins, Bitcoin being the Top dog, controls how the market is doing. If Bitcoin is down in a day, most likely the whole market will be down.

With this being said, it’s not hard to get started with investing, as previously mentioned, make sure to do your research before diving head first into something that you have no clue about. It is very good to know what you are doing when investing so that you are able to calculate things and have some sort of idea of when it will be trending up/down. Investing in crypto is very versatile, but in my opinion this is one of the best alternatives of the stock market. People have been moving to crypto since the beginning of the quarantine, as they are starting to see a very high potential. Jordan Luzzi (10th) says ¨I think that the crypto market is still really young and is on the rise.¨ Crypto has only been around for a few years, and has a higher market cap than Microsoft.

As this article is coming to an end, I highly emphasize my opinion on starting now if you have ever thought about investing in crypto currencies. However, if you are ever in doubt, it is never too late to get started in investing. Never have FOMO (fear of missing out) because there are plenty of opportunities ahead. Crypto Currency will continue to gain price as the years come.