I got into the Bitcoin market last week when I purchased some shares in a Canadian Bitcoin ETF. I understand cryptocurrencies are volatile and I guess that was proven to me because less than a week later, my investment into Bitcoin is now worth 10% less. The great thing is I only put in about $1K into the ETF, so it’s not like I put all my life savings into the Bitcoin basket.
It’s kinda crazy that single billionaire can make some comments and make a cryptocurrency drop in value significantly. If it can drop significantly, it can probably rise significantly as well.