If you have been keeping up with crypto today, then you know that it has Crashed tremendously. Bitcoin went down $500 in the span of a couple of hours and Litecoin dropped about 20%. So should you still invest into crypto?
Short term investing I do not day trade or swing trade with crypto just because due to fees the profitability is no longer there. However for long-term crypto is looking good. I do not mean like 6 months or a year, I mean like 4+ years. Minimum until 2020 when Dubai becomes the worlds first blockchain government. I am extremely hopeful for the future of crypto but the rest of 2018 will be a bloodbath in my opinion. The reason for that is because people are selling of their crypto for tax reasons. Mainly the capital gain taxes, from the profit of 2017 and beginning of 2018.
-Best of Luck to You, Nick G.
