Is it time to buy bitcoin

Having been as much as 77% down from its all-time highs when it fell into the $15,000s last year, Bitcoin has now managed to erase these losses to an impressive less than 50%. Is now a good time to buy bitcoin These days, stocks in the US are regulated by the Securities and Exchange Commission, precisely, because in the olden days, there were many stocks issued that were much like bitcoin, marketed to unsophisticated investors as a get-rich-quick scheme. The very definition of this investor is: “Being more willing to buy something the more its price goes up.”

According to analysis by Matrixport, if Bitcoin is already up by over 100% at this stage of the year, there is a 71% chance that the cryptocurrency will finish the year at even higher levels, with year-end rallies averaging around 65%. Why did this happen? This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

Trade popular cryptocurrencies, explore professionally managed portfolios and connect with traders. eToro currently supports the purchase and sale of several popular cryptocurrencies. eToro isn't just a crypto exchange too. It also offers stock trading and a variety of features to vastly improve the user experience. It has a great education resources and even a fantastic paper-trading feature that can help you test out your trading strategies without using real money. Reason 3) An Ideal Macro Backdrop XRP, created by Ripple, is a global payments network designed to be an alternative to the Society for Worldwide Interbank Financial Telecommunications. SWIFT is the global system banks and other financial institutions use to transfer money. But Ripple claims its technology is faster, cheaper and more transparent than the SWIFT system. XRP is the native cryptocurrency designed for the Ripple network and XRP Ledger blockchain. XRP got a huge boost in July when a judge in the Southern District of New York ruled that the crypto is “not necessarily a security” in certain circumstances, potentially putting it outside the SEC’s jurisdiction.

Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy. Suggested Links The FCA has brought in new rules for companies that sell cryptocurrencies to UK investors. As part of the package of rules, crypto companies must offer investors a 24-hour “cooling-off period” when they buy bitcoin or other cryptocurrencies.