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Cardano, XRP, Tron hodler? Stop worrying and love the bear, here’s why

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I write this as Wednesday; August 15th just comes in. If you haven’t heard about it yet (which we highly doubt) the whole crypto market had an epic crash that saw almost every coin lose a lot of value.

Crypto skeptics and haters had a field day posting ‘I told you‘ in every forum they could, and the mainstream press had its fun as well. After the debacle, Rippe’s XRP, Tron (TRX) and Cardano’s ADA are recovering some ground already, but some of the coins are still trading in the red.

So what shall we say to the prophets of doom that have been trying to spread hysteria and FUD around ever since Bitcoin went live nine years ago? Simple: this is a blessing in disguise.

The cryptocurrency market has been under the influence of a bearish trend since Bitcoin peaked last December 17th. It’s been either slow or going down all year even though so many great blockchain projects have made insane amounts of progress.

Bearish runs are not a bug of any market; they’re a feature. And they’re not tragic (more on that later), they’re merely a stage in a cyclical process that always has alternated between bears and bulls, and that will keep oscillating between both processes as long as free markets exist.

The current crypto bearish run has been long, but before it can finish, it has to bottom out. That’s just the nature of the beast so, in that sense, a drop as till yesterday’s is a sign that we’re getting ever so close to the inflection point in which the new bullish run for cryptos like Bitcoin, Ripple’s XRP, Cardano, and others will start.

What causes a bearish trend

The main reason behind any bullish run in any market is irrationality. It happens when ignorant or impulsive speculators take over the trade from real experts. They go by perception and fear thus creating speculative pressure. Competent investors, on the other hand, can detect value and avoid speculation instead of reacting to irrelevant news or appearances. That’s what’s happening right now.

Is it bad? No, it isn’t. However, It’s not good either. It’s just the way things go. Sooner or later a bullish run will arrive and, after that one, another bearish trend might follow.

How worried should you be as a crypto aficionado or as a HODLer of Ripple’s XRP, Cardano, Bitcoin or any other crypto that has a real vision behind it? Not that much. At this point in the time, the market is suffering as a whole, every asset has been going steadily down for months, and there’s just no point in wasting energy in worrying about it. 

If you are holding Bitcoin, or Litecoin, or whatever digital coin of your choice, it’s been losing value since last December. But every other single currency has gone down as well. If you were holding any given asset that is losing value at a time when most other coins are rising in price, that is the time to worry, and that’s not what’s going on lately.

The thing that matters now is that prices are low and that affords us all the chance to buy at low prices and then sit back and wait until the next bullish run comes around while we plan on buying a yacht.

The current one, in particular, could be the opportunity of a lifetime as many really useful and exciting blockchain projects such as Cardano, TronStellar Lumens are very young yet, they cost cents per token, and will never be so cheap again. Even Ripple which has been around for years is fluctuating in the forty cents mark.

One last thing: it’s a very well established fact in market analysis that new bullish runs arriving after a bearish run take the market to levels higher than those of the previous bullish run. Good news is on the way. It’s a time for rationality, patience, intelligence, discipline and, above all, to buy cheap.

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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.

Image courtesy of Pixabay.com

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Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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