RATE Group | Bitcoin’s terrible 2018 doesn’t bode well for the future of crypto
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Bitcoin’s terrible 2018 doesn’t bode well for the future of crypto

20 Dec Bitcoin’s terrible 2018 doesn’t bode well for the future of crypto

Posted at 23:08h in Bitcoin News by

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That didn’t stop some people from ploughing cash into cryptocurrencies in search of a fast buck. I mean, I get it: Savvy operators were hoping to wait a few weeks, see the value rise and get out. But in order to get out, you need a mark with pockets deep enough to buy your stake and take on the risk for themselves. Sadly, for those looking to make a quick buck, 2018 was the year that people wised up, regulators got their act together and disharmony warned everyone else away.

This year was one big cryptocurrency crash that left a trail of blood across the industry. Bitcoin, the pioneer, saw its value drop from $19,352 on December 17th, 2017, to just $3,360 on December 12th, 2018. Ethereum fell from $1,405 on January 10th to $88.71 on December 12th. Other ventures, like Bitcoin Cash and Ripple, too, saw slides in their value against the dollar.

As all the major cryptocurrencies saw their values collapse, several crypto-focused startups were…

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