Bitcoin blues : Cryptos better than domains? LOL

Bitcoin.

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.

Copyright © 2024 DomainGang.com · All Rights Reserved.