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Cryptocurrencies are enormously volatile, but that volatility can create opportunities for profit if you’re looking to trade these digital assets
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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Cryptos such as Bitcoin and Ethereum have risen a lot since their debut — but they’ve also experienced tremendous boom-bust cycles along the way.#BTC🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥
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Bitcoin (BTC) alone has seen at least eight significant crashes – or market corrections, depending on your perspective – over the last decade or so.
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Thoughtfully selecting your cryptocurrency, however, is no guarantee of success in such a volatile space. Sometimes, an issue in the deeply interconnected crypto industry can spill out and have broad implications on asset values.
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If you’re thinking about getting into cryptocurrency, it can be helpful to start with one that is commonly traded and relatively well established in the market.
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It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large.
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