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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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