Cryptocurrency Prices Today: Today, on Saturday, May 7, the price of a bitcoin is running at $ 35820 per coin. At the same time, 6 months ago i.e. in November, the rate of bitcoin was running above $ 60,000. On November 8, the price of one bitcoin was moving above $67,000.
Cryptocurrency Prices Today: Often you must be reading in the news that if someone became a millionaire from this cryptocurrency, then someone became rich with that currency. But it is still true that cryptocurrency is one of the riskiest investment mediums in the world.
You read the news of who earned how much, but you should also know how many people have drowned in lakhs and crores. Along with knowing how much profit is there in investment, it is also important to know how much risk is there.
For example, you can look at the biggest cryptocurrency bitcoin. If you had invested one lakh rupees in bitcoin in November, then at this time your investment would have come down to about 55 thousand rupees. Currencies like Dogecoin and Cardano have reduced the money by more than half.
Today, Saturday, May 7, the price of a bitcoin is running at $ 35820 per coin , below the bitcoin 36,000 . At the same time, 6 months ago i.e. in November, the rate of bitcoin was running above $ 60,000. On November 8, the price of one bitcoin was moving above $67,000. That is, according to the rate of November 8, today after 6 months the price of bitcoin has almost halved.
Ethereum is also halved,
this story is not just about bitcoin. The same is the case with most of the major cryptocurrencies. The condition of Ethereum, the second major currency, is also battered. Ethereum has fallen 42 percent in the last 6 months. Today on May 7th, the price of Ethereum is running at $ 2661 per coin, which was running above $ 4800 6 months ago.
Dogecoin even less than half
the condition of Dogecoin is even worse. Dogecoin has fallen more than 52 percent in the last 6 months. Today the price of Dogecoin (Dogecoin price today) is running at $ 0.13, which was trading at $ 0.28 6 months ago.
Cardano’s situation is even worse. The price of cardano has decreased by more than 61% in the last 6 months. Today on May 7th, the price of cardano is $ 0.77 per coin, which was trading up from $ 2.25 6 months ago.
Keep the portfolio diversified
Market experts say that instead of investing sight-seeing, the risk-reward ratio should be looked at first. Risky investments like cryptocurrencies should be invested very carefully. If you are already investing money, invest only a small part of your capital.
Invest so much money that even if it is lost, you will not have much trouble. Diversify your portfolio. The right strategy would be to invest less than 10% of your capital in assets like crypto.