Bitcoin (BTC) sell-off continues

Bitcoin continues its decline, having now fallen to a quarterly low of AU $8900. Bitcoin is on track for its worst quarter ever with $140 billion dollars having been wiped off its market cap. The cryptocurrency has fallen around 45 percent so far this year and investors who have chosen to hold have been burnt.

Bitcoin has faced a much tougher regulatory environment in 2018 with central banks and governments around the world placing more and more limits on the digital currency. There have also been a slew of negative reports published by both Google and Twitter.

Crypto-mania appears to have died down substantially and speculation about bitcoin’s price reaching the stratosphere, aims to have largely disappeared. The sharp decline of bitcoin’s price, has led some traders to start panicking as the entire crypto market has experienced a major sell-off and there is a significant risk that Bitcoin could fall to as low as $1,000 per coin.

For long-term investors, I recommend avoiding Bitcoin as an investment and focusing on investing in companies with strong fundamentals. While only time will tell the exact value of Bitcoin, the coin’s unpredictability and speculative state, make it unfeasible for retail investors.

The 66,826.77% “wonder share” that shows no sign of stopping

JUST RELEASED! Check out our brand-new free report, “One Stock to Buy and One to Sell in the Age of Amazon”… revealing our #1 recommendation for the future of online retail in Australia AND the #1 stock our experts are convinced you should unload immediately

Plus, you’ll even discover one special bonus recommendation! It’s a mind-blowing 66,826.77% winner that we believe will rocket into 2018 and beyond.

Your copy of this timely new report is completely free, so don’t miss out.

Enter your email address here to discover your brand-new FREE report.

Motley Fool contributor Marcello Pinto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!