7 Times Crypto Investors Almost Had a Heart Attack in 2018
Blockchain: The Future of Connectivity
January 15th, 2018
This was the start of the no good, very bad year for cryptocurrency valuation. Even though Bitcoin prices had been falling in the weeks before this day, January 15th was when all the other cryptocurrencies took a nosedive, shedding nearly $300 billion dollars over the course of a few days. Some speculate that it was because of rumors that the Chinese government was going to ban coin mining due to the energy intensity required for this activity. RIP retirement fund.
March 7th, 2018
We know some investors who still talk about this sad winter day like it happened years ago. On this day the Securities and Exchange Commission announced that any digital currency exchange must register as such with the United States government. The fact that this took so long to happen is still a mystery, but the government does move painfully slow. Too bad it happened during the terrible Crypto Winter of 2018.
March 22nd, 2018
If you’re the kind of person who gets chest pains from optimism, then you may remember this early day in Spring when a Dutch court ruled in favor of a man who was owed 0.591 BTC. This ruling classified Bitcoin as a “transferable value,” effectively establishing it as a property right. While it didn’t lead to much market movement that day, this step will allow for further legal recognition of cryptocurrency legal validity.
April 12th, 2018
Heart Attacks aren’t always caused by something sad or terrible. Earlier this year on April 12th, the value of Bitcoin jumped 10 percent in just one minute. A real pearl-clutching moment we remember from early in the year. The month ended up 33 percent.
May 7th, 2018
Just when things started turning around for cryptocurrency trading, the world’s second most famous (and richest) billionaire stuck his nose in the blockchain world. Warren Buffet, CEO of Berkshire Hathaway notably called Bitcoin “probably rat poison squared” which was enough to send Bitcoin back down after it had slowly been recovering since its tremendous fall.
August 8th, 2018
On this summer day, Bitcoin prices fell 10 percent in a single day of trading, due to the United States Securities and Exchange Commission delaying its decision on the proposed bitcoin-related exchange-traded fund submitted by VanEck and SolidX. This was a very sad summer day, and the lowest point for all cryptocurrencies in 2018.
August 14th, 2018
Ripple did not fare well this day, dropping 90 percent from its historical high selling price. This cryptocurrency is the third largest in the world by market capitalization, yet it’s collapse has sent it to the back of the pack these days. RIP Ripple.