Is the market selling over yet? While Bitcoin alongside the rest of crypto market has stayed stable, the S&P 500 suffered a 10% correction which translates to be the worst month since 2018 when the stock market crashed terribly. The question asked is whether the almost decade-long finance bull market is at risk.
Perhaps, there’s no immediate trigger directly related to sell-off yet, but possibly the trade war between the US and China as well as the increase in Fed rates might have been behind the market turmoil. The current rout in global stocks might be a way the markets are telling the Federal Reserves that they are on the wrong course.
Some folks have their belief that the stock market crash has a lot to do with the upcoming US midterm elections.
Plus for Bitcoin and cryptocurrency markets in general?
The last time the global stocks crashed, investors had a shift to protect their money by investing in precious metals like gold and silver. But, that was back in 2008 when cryptocurrencies had not busted into the scene.
Almost a decade later, merely we may have a similar scenario in the stock market, and it seems like the crash has no impact on the cryptocurrencies, and hence, no signs of an inverse correlation. It implies that, just like gold and other precious metals, Bitcoin and the crypto market value, in general, depends solely on the supply and demand that’s within the market and is not affected by the global economic performance.
Therefore, it means that most individuals may seek to buy crypto coins-and since Bitcoin is dominating the market, it will significantly benefit. It is, therefore, expected that Bitcoin would do well during this kind of instances. One thing the shifting investors should be aware of is that the price of Bitcoin “always” keeps on fluctuating not like a mere 12% drop (it has become less-volatile in recent times though).
But predicting the price of Bitcoin in the future or the entire crypto market is not easy. And if someone is claiming to know the BTC price in the next ten years, is a liar. Sorry, but it’s the truth. But one thing is for sure, cryptocurrencies and the blockchain technology are the future, and it’s predicted that there might be an increase in the crypto market to $20 trillion in the next ten years.
If the stocks fall, we may be in for a good run in the crypto market as there could be a spike in investors turning to Bitcoin and other cryptocurrencies. Currently, there is no denying that big profits can be made from buying and selling of Bitcoin, but we can’t deny the fact that losses can also be in the waiting.
As it looks, indeed, as the stock market is falling, only the crypto market seems to be the best option to follow and buying Bitcoin at a time like now would sound to be a wise investment decision.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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What Will It Take For Bitcoin (BTC) To Rise Again?
It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.
What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.
Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.
What does Bitcoin need in order to have another bull run?
1. Bringing regulation
The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…
Forget Bitcoin: 3 Altcoins That Will Double
This movie is getting old.
Every day we comb through the news, scour the web, and flip through the feeds on our social media pages. We look for the movement on our favorite coin(s) and we search for solid investment opportunities. Of course, the dominant advice we are fed inevitably leads us back to Bitcoin (BTC).
Is it a good time to invest in Bitcoin (BTC)? Is Bitcoin (BTC) ready to move? The Twitter feeds are sure of it. Any day now, Bitcoin (BTC) is going to go through the roof. And if you don’t get in now, your FOMO will leave you waiting for a dip, hoping to join your giddy friends who knew better all along. But when you open your wallet to check the action on your investment, it’s always the same thing. The undisputed king of the cryptoverse has traded sideways again.
To be clear, Bitcoin (BTC) is going to come back. And when it does, it will likely double or triple overnight. But you know what? So will a number of altcoins in that time. The question that leaves most of us scratching our heads is, which ones? And while no one knows for sure which coin(s) will pop, what follows is a short list of three great crypto-choices we should be watching while we wait for the king to come back.
Basic Attention Token (BAT)
The first (And most obvious) on my…
Bitcoin path looks similar to that of NASDAQ during the dotcom bubble era
Unlike many other things that enter the stage with a bang only to disappear, blockchain is here to stay. Opposite to when it first appeared with Bitcoin a decade ago, currently, it seems like blockchain is the next big thing that will shape the manner money is spent.
Sometimes it makes sense for investors to use the past information to help stay in the game a bit longer. Therefore, today in this post, we are going to look at similarities between the dotcom bubble since 1973 and Bitcoin since 2011.
Will Bitcoin cross its all-time high ever again?
According to the quarterly charts, the Bitcoin price trend mirrors that of the NASDAQ index of the 1990s, but there is a catch. The manner in which NASDAQ traded in 2000 is similar to a one-year performance for Bitcoin over NASDAQ’s 14 years, with the difference being that bitcoin is fourteen times faster than how NASDAQ did it.
Reason being, today’s technology is much far ahead as the information travels faster with the diverse social media platforms and the high-speed internet connections. One thing that makes all financial bubbles universal is the fact that human fear and greed never changes.
For that reason, NASDAQ took long enough to rise 1,700% to its all-time high while Bitcoin managed a similar return in merely a few months. Similarly, NASDAQ took around 30 months to fall 78%, whereas Bitcoin lost 70%…
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