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This One Chart Will Change The Way You Look At The Recent Bitcoin Crash

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The cryptocurrency space has taken a beating over the last few weeks. Bitcoin (BTC) is down 65% on highs. Ethereum (ETH) is down just shy of 50% across pretty much the same period. If you factor in the pre-South Korean removal prices from CoinMarketCap, Ripple (XRP) is trading at a more than 80% discount to its early January highs.

But here’s the thing: this is a severe correction, sure, but it’s far from the bubble bursting that many are calling.

What’s important to recognize is that those people that have lost money (the only people that have lost money) are those that entered the markets over the last eight weeks or so. Everyone else in the markets have made money.

In other words, it’s only the newer entrants that are sitting on net losses.

Interestingly, it’s the same people that have been hyping this market and that now are claiming its crashing and burning.

CNBC, Bloomberg, etc., were at the forefront of those outlets pushing people to jump into the markets and buy bitcoin, or Ripple, or whatever, as prices ran up in December. And now, it’s these outlets that are fielding so called experts claiming crypto has had its time.

So how does anyone holding bitcoin or other coins deal with the current crash?

Well, take a look at the chart below.

source

Look familiar? Probably not – it’s the first real collapse we ever saw in the bitcoin price and it happened back in April 2013.

At the time, the price ran up to $260 and then collapsed to a little over $40 within a few days.

But here’s the interesting thing. This period (the end of the third quarter, 2013) coincided with the first time bitcoin started to attract any sort of mainstream media attention. The attention pushed price up as a wave of speculative new money entered the market.

The wave of extra attention pushed the price up and up until it hit an inflection point, the price started to fall and all of the media outlets that caused the run by touting bitcoin to new buyers changed their opinion, called for the death of bitcoin and created a crash.

So, we’ll ask again – sound familiar?

The only difference this time around is that we’re talking about tens of thousands of dollars as opposed to hundreds of dollars in valuation.

The key thing to recognize here is that whatever anyone says, this is far from unprecedented in the bitcoin space and – indeed – it’s something that we’ve seen happen almost to the note, on a number of occasions in the past.

Last time around (so, going back to April 2013), markets took around 7 months to recover. Exactly how long the recovery is going to take this time around is anyone’s guess – it could be longer, because we’re talking about higher per-coin pricing, or it could be shorter based on the dramatically increased daily volume and external interest in the space that exists right now as compares to April 2013 – but that things will recovery is far from a guess.

There are only two sensible things to do at current prices, then.

First, delete Blockfolio (or at least stop checking it every few hours) and ride out the dip. Let the panic sellers exit at the wrong time, do nothing and wait for the price to turn around.

Second, buy buy buy.

We will be updating our subscribers as soon as we know more. For the latest on BTC, sign up below!

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.

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Bitcoin Grows Beyond $4,000

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Bitcoin grows beyond $4000
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Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

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What Will Happen First: BTC 2k or 5k?

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2018 has ended, and while there was no enormous surge that investors were hoping for, it still ended with a bit of hope for those wishing to see Bitcoin BTC rise.

Only two weeks before the end of 2018, BTC was in a desperate position, with the value of its coin being at $3,200, threating to drop even lower. However, a sudden surge occurred on December 17th, which returned $1,000 to its value. And, since it lost approximately $400 since then, the final days of 2018 have still seen BTC well-above its lowest point of that year.

Now, 2019 has arrived, with traders and investors wondering what will happen next? Is BTC going to drop to $2,000? Will it rise back to $5,000? Will the bear market expand to this year as well, or is the market ready for a proper bull run this time?

The answer, once again, remains uncertain. The problems with scalability may be reduced significantly soon, but high volatility remains an issue. Even the slightest shift can have enormous consequences for the entire market, and any news can impact the BTC price, no matter how big or small, or if positive or negative. To stop its further drop, BTC had to find a balance. However, this balance is more fragile than ever, and the price is expected to move very soon.

What to expect…

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