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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

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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