Welcome to this chapter of infocryptocurrencies...!!!
Today we are going to talk about current condition of bitcoin and its unstable market rate.
The main reason is china is banning some ICO's as it may turn into a scam.
USA is also looking into this matter.
Lets talk about ICO first. ICO is Initial Coin Offering. Many companies are launching there very own cryptocoins & promising to get as high as possible.
There are many start ups like this since 2014. They sell there coins in exchange of other established digital currencies of dollers but most of them turned into scams. A huge amount of money is raised from the market by this ICO's since 2014 but it is known that how many organisations like this are scams.
But the main problem reguarding this is the fear of being scamed. There is no guarantee about that newly launched coins and there future value.
But this will not effect on other established coins buying selling and trading.
Advise from the writer's end is that don't invest in such fake currencies that have no present and future value or surety about its existance.
Keep your money safe. Think and research before any investment not after investing.
Post your opinion below in the comment section.
