Bitcoin Takes a Major Hit: Alternatives to Invest In for 2017



In the past few weeks, the most popular cryptocurrency Bitcoin has been breaking records.

This rally has been followed by millions of investors around the world.

On May 24th, Bitcoin hit a record high of $2.791.69.  But this rally was over with just a few days later.  On the 29th, the coin had a loss of 18.7%, which caused Bitcoin to give up nearly 4 billion in profits.

Many investors feel this correction was much needed. Only the future will tell if Bitcoin will rally once again and make up for this huge loss. Bitcoin has been around for almost a decade now and is not expected to go away anytime soon.

Those who were lucky enough to purchase Bitcoin when it was first introduced to the world are now millionaires. While there is still enough time to make lots of money on the coin, it might not be for you. Investing in cryptocurrency can be difficult and losing your money is a real possibility. For those looking for less volatile investments, you might want to check out what’s expected to be hot for the rest of 2017.

Bitcoin crash chart major hit

Traditional Currency Trading

While Bitcoin and cryptocurrencies are all the rage these days, many people are still trading traditional currency.  The Forex market can be traded day or night and is a great place for those who want to get serious about day trading.  But the Forex market can be highly volatile as well, and there is a huge volume of trading that occurs every day.  While many investors feel it’s less risky compared to cryptocurrencies, you can still lose your entire investment in the blink of an eye. It takes a lot of time and loads of practice learning how to trade the Forex.  So before jumping into the currency market, you should really do your homework.

The Commercial Real Estate Market Is Hot

In many areas of the world, commercial real estate is taking off in a big way.  Investing in commercial property is on the rise in many parts of Asia as well as the United States.  The Philippines has seen a huge amount of overseas investments and there are hundreds of commercial building projects underway.  This growth has sparked additional investments and the country has seen an overall growth of almost 7%.  The growth has made this country the fastest growing nation in Asia.  For more information on the Philippines’ rise to the top, please visit this link.

The Gold Standard

While gold started 2017 in a downtrend, many investors feel that the precious metal will once again rally.  The number one catalyst that is expected to push gold into a rally is inflation.  As prices of goods and services go up so will the price of gold.  Many investors use gold to hedge against inflation during these ups and downs in the economy.  Gold is something that people have been investing in for hundreds of years.  Even in ancient times, gold was highly prized and used as a currency.  So, investing in gold this year seems like a sound investment for many.

Investing in Silver

Another precious metal that many investors are bullish on for 2017 is silver.  With silver on the rise, many people are investing directly and purchasing silver coins and bars.  Others are investing in silver related stocks such as mining stocks.  The rise of silver in 2017 is expected to be influenced by India’s recent demand for more silver.  For the last two years, India has been the world’s largest importer of silver and this trend is not expected to stop anytime soon.

During the winter months of 2017, silver prices may also increase due to mines shutting down in the north.  Many silver mines in Canada will shut down for the winter season due to safety reasons. This can affect the price of silver by decreasing the availability of silver on the market. If you would like to learn more about silver in 2017, please check out this helpful website.  Here you will find more detailed information on silver and why it’s expected to rise during 2017.

Buying Land

Undeveloped land is one natural resource that is steadily on the decrease.  This is why investing in land just makes practical sense.  This long-term investment can really pay off if you get in the market at the right time and price.  Buying land in an undeveloped region of a city can be a great place to start.  As cities grow and expand, many commercial and residential investors are finding it harder to find the land they need.  This is why so many undeveloped lots sell for millions of dollars. In less populated areas, land is also selling for higher prices.  Farmland and timberland make great investments and can start paying you back in just a few years. So, if you are looking to make a long-term investment, you should really think about putting your dollars into some land.

Investing in Your Home

Investing in the home you already own is a great move.  Paying down your mortgage is just one way that you can invest in your property. Also, you can invest in your home by sprucing it up. Installing a new roof or remodeling your kitchen will bring up your property’s value.  This will also make your home more comfortable to live in and boost its curb appeal at the same time.  One of the largest investments that many will make is their home.  This is a great investment that can really pay off in the future.

The rest of 2017 will be a wonderful year for investing.  No matter what you choose to invest in this year, if you do your homework, you just might see huge returns.  Remember that no investment is guaranteed and you should only invest money that you can afford to lose.  Investing is always a calculated risk, but can really pay off in the end.

Source Article from http://www.hangthebankers.com/bitcoin-takes-a-major-hit-alternatives-to-invest-in-for-2017/

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes