Connect with us

Blogs

Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

Published

on

cryptocurrency market
READ LATER - DOWNLOAD THIS POST AS PDF

About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the first time. Now you sit there and think but they got Rekt right? I was speaking to one of my friends who’s been around since 2013 he told me he made mistakes the last bull run. The understanding he had from those losses and mistakes made him millions in 2017. Another nice fact to share with is this was just the start of the knowledge pool and we still only have 2% of the world holding cryptocurrencies. So applying what was missed by many saw this as an opportunity to share my findings and you will see many doubted me, but 3 months later the markets are all down on average 15%.

Now to discuss, will the stock market continually falling affect crypto? The simple answer is yes, I thought maybe some of this will flow into crypto, but I also realized since that, the market was nowhere near where it needed to be to see that confidence or growth quite yet! Since I made the video above we have seen all markets fall considerably as people hedge to metals and fiat. A question you may be asking yourself; How will this affect the market if we go into a full-blown recession? This is a hard question to answer, but I will give what I believe will happen. If we go into full-blown recession in 2019 all markets will suffer including crypto, this is a harsh but real reality when money is tight people pull out of investments and go into cash and precious metals like gold. Many think if the recession happens over time with education on mass about cryptocurrency and the use cases of blockchain technology there will be a slow growth and sometime in 2020 another potential bull run with the halving of BTC. Will they be right is to be seen, but I am sure of one thing that by 2022 all those who remain in the space and focus on mass adoption will be greatly rewarded. The 2017 bull run to 800 Billion will be laughable in 5 years time when this market should be well over 2 Trillion if not even closer to 5 Trillion by 2023.

Joel Kovshoff

Director at BlockRake

Please like and subscribe to my Youtube Channel: 

http://www.youtube.com/c/CryptocurrencyEducation

You can follow me here:

Twitter: @joelkovshoff

Facebook: www.facebook.com/joelwarrenk

Telegram: t.me/athenatradinggroup

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 Pexels

Blogs

What Changes May the Crypto Space Experience in 2019

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

Continue Reading

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Elite