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Sahil Kapoor@imsahil2010
Jan 19, 2018 08:01 PM, 2971 Views
(Updated Jan 19, 2018)
Cryptocurrencies-Time to invest or not

Well This week has been a big setback for all the cryptocurrencies investors as the top autopilot earning sights like USI-Tech and Bitconnect have faced DDOS attacks. Leading to the high amount of withdrawals, decreasing the market volume and the values of their coins. Coming up to bitcoin! After reaching its all time high, back in dec, 2017 bitcoin is expected to drop back to$5000 or even less before another bull run.

So this is obviously not the time of buying some crpytos! At this stage the BTC should be only bought if its around$5k.

Ripple is facing a big drop and I’ll be surprised if it rises again.

Buying a good rig and mining cryptos is a good choice instead. Mining is definitely profitable with good hardware.

But if you are willing to buy some coins, its a big no! As the forking in near and the prices are expected to drop. This may lead to loses. And before investing in any private firms do confirm their license. Investing in alt coins at this time is a confirmed loss as the next fork will be a game changer.

Good luck!:)

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