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What we can learn from bitcoin's explosive rise and fall in 2018

GOBankingRates Logo By Joel Anderson of GOBankingRates | Slide 1 of 11: It’s been a wild ride for bitcoin in 2018. And if you extend that by a month and include December 2017, the term “wild ride” suddenly starts to feel entirely inadequate to describe the roller coaster ride up to $20,000 apiece and then all the way down to $3,500.
So, what lessons can be learned from bitcoin in 2018? Certainly, anyone who bought in at $20,000 — or $10,000, for that matter — probably feels like the only lesson that matters is “don’t buy bitcoin,” but digging deeper does provide some important lessons to be learned from the digital currency’s deep plunge.

Bitcoin has seen some good days and not-so-good days

It’s been a wild ride for bitcoin in 2018. And if you extend that by a month and include December 2017, the term “wild ride” suddenly starts to feel entirely inadequate to describe the roller coaster ride up to $20,000 (£15,811) apiece and then all the way down to $3,500 (£2,767).

So, what lessons can be learned from bitcoin in 2018? Certainly, anyone who bought in at $20,000 (£15,812) — or $10,000 (£7,904), for that matter — probably feels like the only lesson that matters is “don’t buy bitcoin,” but digging deeper does provide some important lessons to be learned from the digital currency’s deep plunge. Click ahead to get started.

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