Last week was a stressful time for cryptocurrency investors as the markets plunged, seeing Bitcoin lose over 17% of its value over a four day period.
BTC peaked at around $17,000 in December 2017, followed by a sharp drop to $7,000 in February 2018. Volatility is part of the game, but that doesn’t make it any easier for investors looking to take part in the crypto markets.
Long-term crypto investors may understand these kinds of drops. Still, it’s hard to treat cryptos as a legitimate investment vehicle when drops like this seem to be the norm.
Now, that isn’t to say that the crypto markets are just a form of gambling.
You know you have a market that lacks stability.
Still, the markets continue to witness large swings as certain events cause volatility to spike, leading to larger drops.
On top of that, Goldman Sachs previously hinted at their desire to create a crypto trading desk. However, it appears that they are shelving that idea for now.
It was this news, the fear that big institutions just aren’t that interested in cryptos, coupled with fearful investors, that caused Bitcoin to plunge 17%.
If you read deeper, there is even a rumor that nearly $700 million worth of BTC was transferred from the Silk Road to the various public exchanges, leading many to believe that a big selloff is coming.
All the goodwill that was built up since mid-August has been wiped out in a matter of four days. As an investor, how can you have any confidence in the crypto markets when things like this can happen almost overnight?
The answer’s easy.
Let’s look at last week’s crash for perspective.
Unlike the major cryptos (BTC, ETH, and XRP), Tiberius Coin performed quite well. Where popular cryptos are fueled by irrationality, perceived value, and other unreliable sources, asset-backed tokens like the Tiberius Coin have legitimate value due to the metal that backs them.
You see, each Tiberius Coin can actually be redeemed for the underlying metal too, making it an investment tool, a tradable commodity, an inflation hedge, and even a token that major manufacturers can use in the creation of tech sector products.
There’s nothing wrong with investing in the major cryptos. That’s part of the game when it comes to speculating. However, if you want to speculate, you should also take the time to hedge your bets and protect your portfolio.
Tiberius Coin provides you easy access to both the crypto and multi-trillion dollar metals market. So, the next time BTC melts down, you won’t be as worried because your portfolio will be partially protected from these kinds of irrational movements.
Tiberius Coin is set to go live October 1st 2018, we’re ready to bring you the change you need, are you ready to accept it?