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Is it a Good Idea to Buy BTC After the Latest Market Crash?

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The crypto market is still vulnerable and subjected to slight price drops, despite the fact that the major crash is believed to be over. With the prices of numerous coins slowly going back up, investors are starting to wonder: is it safe to buy BTC these days?

Is the market crash over?

It has been 16 days since the latest market crash began. This was the second one in 2018 and has left a significant impact on the market, as well as investors’ confidence. The details of the crash are already well-known to everyone — Bitcoin Cash has had a hard fork on November 15, although due to a disagreement between two parties of its community, the prices started dropping, while the fork resulted in two separate coins and the following hash war.

The hash war brought even more damage to the Bitcoin ecosystem, and the entire market started losing value. As always, Bitcoin lost the most regarding the price and market cap. The coin has spent most of this year balancing at around $6,400. After the crash, however, it hit a new low of $3,700. While this is the lowest that BTC has been in 2018, it did not stay here for long. It soon started rising again, breaching the $4,000 per coin, and staying mostly above it.

So, it has been two weeks after the crash initially began, is BTC stable now? Well, not exactly. The coin is currently trying to stabilize, but also to return to its older price. This has led to big price shifts, where the value of Bitcoin, as well as other digital currencies, suddenly starts growing or dropping by a significant percentage. Yesterday, November 29, BTC experienced an 8% growth, only for it to start dropping again on November 30th, this time by over 3%. This situation is expected to continue at least for a while until Bitcoin can find a new bottom.

Is investing in Bitcoin a good idea now?

As always, answering this is not that simple, and it mostly depends on who you ask. There are a lot of respected names in the financial world that are pro-Bitcoin and are quite bullish on it. Tom Lee of Fundstrat Global Advisors, for example, previously believed that BTC will hit $25,000 per coin by the end of the year. He gave up on this prediction when the bear market continued, but he also predicted another price, stating that Bitcoin will end the year at $15,000.

He has yet to change this prediction, which means that he likely expects a bull run to start at some point in December.

John McAfee is also known for being bullish on Bitcoin, and he even came up with his own ways to predict its future. This has led to some astronomical predictions, such as Bitcoin reaching $500,000 per coin by 2020.

Billionaire Tim Draper also believes that the market will bounce back and that cryptos are far from being dead. Thanks to these predictions, a lot of people think that now is the time to invest, since Bitcoin is currently much cheaper than it was earlier this year. It is unlikely that its price will drop further at this point. This leaves only one direction for it to go — up.

Of course, nobody knows the future, and all of this is only speculation at this point. However, cryptocurrencies are known to move in cycles, which is something that experts and analysts are well aware of. If so many of them claim that BTC will soon start rising, it might be profitable to heed such advice.

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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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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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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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