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Count on the DC Forecasts Crypto News Team for the Latest Bitcoin Updates

Investing in Bitcoin requires nerves of steel, and also keeping an eye on the latest crypto news. Better still, you should have an idea of what is in store for the market. Look at what happened last year, for example.

The Highs and Lows of Bitcoin

Bitcoin surged in price to an all-time high over the course of a month and then practically halved in value over the course of a week. All because China had banned ICOs and shut down local crypto exchanges. This came at a bad time because U.S. banks had just put an end to buying Bitcoin by credit card.
Why are we bringing this up? The surge in value was caused by a Bitcoin frenzy that started to sweep the globe. Everyone knew someone who knew someone that had made a fortune with Bitcoin. It was difficult not to get caught up in all the excitement.
This caused a huge jump in value as everyone was trying to get in on the action. The problem was that not many of these new investors understood the market that they were buying into. So, when bad news hit, it caused a panic and people who only a short while before loved cryptos were trying to sell them.

How to Keep Ahead as an Investor

Of course, if you had an inkling that China was looking to institute stricter control measures when it came to cryptos, you would not have been caught unaware. But, short of a crystal ball, how would you have known that this is what was coming?
There is a lot of information out there, and a lot of people claiming to be experts in the field of cryptocurrencies. But the truth is that this is a subject that can be difficult to understand. A lot of the self-proclaimed experts are just rehashing the same old tired information over and over again.
And, considering how fast this space is developing,  that is just not good enough anymore. There are many out there who are trying to cash in on the Bitcoin craze by providing information. That, in itself, is not such a bad thing, but it can be damaging when they don’t really understand what is going on.
If you don’t understand a concept, you cannot possibly explain it properly. More than that, they won’t really know what to focus on. If you need to keep ahead as an investor in this arena, you not only need the right information, you need it in a timely manner.Read More

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