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Cryptocurrencies have been hyped as the “new economy”, or the new market where the prospects for profit are in multiples compared to the mainstream FX and equities’ markets with lots of volatility presenting opportunities for investors to cash in on this new asset class.
Flocks of investors, experienced and not, swarmed into this new playground looking for easy gains and indeed they saw their accounts increasing week after week as the prices for “cryptos” were on a vertical climb. And then came the sell-off.
Late in 2017 the cryptocurrency market reached a stage where the initial excitement and the scores ... (read more)