Bitcoin crash: This man lost his savings when cryptocurrencies plunged - News Summed Up

Bitcoin crash: This man lost his savings when cryptocurrencies plunged


Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017. Russell attempted to mitigate his losses by shifting money from bitcoin (XBT) to an offshoot called Bitcoin Cash and other cryptocurrencies including Ethereum and Ripple. The fever that gripped cryptocurrency investors has faded in recent months. Goldman Sachs told CNNMoney it hadn't made a firm decision bitcoin or other cryptocurrencies. "Markets are cyclical and there's still a lot of opportunity for sophisticated investors," said Benjamin Dives, CEO of cryptocurrency trading platform London Block Exchange.


Source: CNN September 11, 2018 12:00 UTC



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