RATE Group | Cryptocurrency: Bitcoin crashes from $20,000 to $3,000 in 12 months
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Cryptocurrency: Bitcoin crashes from $20,000 to $3,000 in 12 months

Cryptocurrency: Bitcoin crashes from $20,000 to $3,000 in 12 months

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..As Luno educates investors on risk management

 

By Dayo Adesulu

While it was reported that at the first half of 2018 about $1.1billion investors funds were lost to cyber crime operators, in the second half of the year, the sector also witnessed a massive depreciation in the value of cryptocurrencies.

December 18, 2017,  Bitcoin reached a all time record high of about $ 20,000, but as at the time of filing this report, the value of Bitcoin has crashed to $3,450, thereby leaving investors licking their wound.

Determined to ensure that  investors in the  sector get adequate knowledge to participate profitably and minimize loss, Luno last week began training of people in Lagos and other parts of Nigeria.

Speaking at the first edition of Luno Meet-up in Lagos, the Country Manager, Luno Nigeria, Owen Odia, said: “The essence is to ensure that Nigerians are educated on the need to use Bitcoin, Ethereum and blockchain technology profitably.

Bitcoin

 

While urging investors to…

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