How I’m Investing: My BRUTALLY HONEST Thoughts On The Cryptocurrency Market 2020. [WARNING: OPINION]

Hey everyone,

In this video, I’m going to give my brutally honest thoughts on the cryptocurrency market in 2020. Now this is just my opinion and I’m not a financial advisor, so please do your own research and make your own decisions when it comes to investing.

I’m going to start by talking about Bitcoin. Bitcoin has been around for over a decade now and it’s the most popular and well-known cryptocurrency. It’s also the most expensive and has a market cap of over $200 billion. It’s been a very volatile investment and its price has been quite volatile over the years. It recently hit an all-time high of over $20,000 in December 2017, but then dropped to around $3,500 in December 2018. Since then, it has been steadily increasing and is now back up to around $10,000.

The second cryptocurrency I’m going to talk about is Ethereum. This is the second-largest cryptocurrency with a market cap of over $20 billion. Ethereum is a very different kind of cryptocurrency than Bitcoin and is more focused on smart contracts and decentralized applications. It has also been quite volatile, but its price has increased significantly over the past few years. It recently hit an all-time high of over $1,400 in January 2018 but then dropped to around $100 in December 2018. Since then, its price has been steadily increasing and is now back up to around $200.

The third cryptocurrency I’m going to talk about is Ripple. This is the third-largest cryptocurrency with a market cap of over $10 billion. Ripple is a cryptocurrency that is focused on international payments and money transfers. It has also been quite volatile, but its price has increased significantly over the past few years. It recently hit an all-time high of over $3.50 in January 2018 but then dropped to around $0.25 in December 2018. Since then, its price has been steadily increasing and is now back up to around $0.50.

Finally, I’m going to talk about Bitcoin Cash. This is a fork of Bitcoin and is the fourth-largest cryptocurrency with a market cap of over $5 billion. Bitcoin Cash is focused on increasing the block size of Bitcoin and improving transaction speeds. It has also been quite volatile, but its price has increased significantly over the past few years. It recently hit an all-time high of over $4,000 in December 2017 but then dropped to around $150 in December 2018. Since then, its price has been steadily increasing and is now back up to around $300.

Overall, I think the cryptocurrency market is still in a very volatile state and is not for the faint of heart. There are still a lot of risks involved with investing in cryptocurrencies, so please do your own research and make your own decisions when it comes to investing. That being said, I think there are still some great opportunities in the cryptocurrency market and it’s definitely something worth considering for those who are willing to take the risk.

Thanks for watching and I hope you found this video helpful.

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