Great crypto crash of 2018 smashed the virtual-currency mania

  • Sep 13, 2018 AEST
  • Team Kalkine
Great crypto crash of 2018 smashed the virtual-currency mania

This year, cryptocurrency has plunged 80% getting worse than the dot-com bubble crash in 2000. As cryptocurrency market tumbled on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index collapsed 80% from its January high. This comes after the second-largest virtual currency Ether fell 6% to US $ 171.15 on Wednesday, in New York. Bitcoin declined 2.4% last week, while the CoinMarketCap.com has tracked a plunge of ~ $640 billion in market capitalization of digital assets to about $197 billion since its January peak.

This slump in virtual currency has surpassed the 78% decline in Nasdaq Composite Index following the dot-com bubble burst in 2000. Exactly like the internet-stock boom, cryptocurrency investors have been betting big on a promising digital currency as they never thought to come across anything worse than the dot-com crash. The great crash in seemingly revolutionary technology has smashed the virtual currency mania which was fueled up by the hopes that Bitcoin would become a “digital gold”. 

However, the crash has been confronted by the Crpto bulls, stating Bitcoin has earlier rebounded from past crashes of similar magnitude. There may be optimism in some parts of the market, but this selloff confirms that the progress is not likely to be smooth.

The great crypto crash of 2018 seems to set aside a distinct place in the records of financial history. Though it may be a dark time for bulls, but it’s definitely crucial to stay cautious when digital assets are tumbling.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK