Who would have thought that Bitcoin and other cryptocurrencies would rise to current levels.
From being “funny” or “monopoly money,” to sought-after, unregulated currency, Bitcoin spawned a market that embraces both lawful and unlawful activities.
Volatility in cryptocurrencies arrives with the territory, and BTC trades below $1,900 dollars currently, according to RealTimeBitcoin.
BTC is also not simply an issued currency, it follows a strict set of mining rules, and it’s currently being tested due to those rules, dropping in value almost $700 dollars in just three days.
While some domain investors declared their support of BTC and Ethereum, they observe the primary rule of investing: Never invest money you cannot afford to lose.
With that in mind, cryptocurrencies don’t seem to be in a better position than domain names, which retain value long term.
For example, despite fluctuations that occur over time, the value of LLL .com domains isn’t going to drop to e.g. $1,000 dollars overnight.
The cryptocurrency market is unregulated, just like the old Wild West: there are lots of money to be made, and fortunes to be lost at the same time.
Invest your money wisely.